Abstract: Money management is a process that everyone should concern. Taking control of our money either money we earn or money that we spend is the important steps towards leading an independent life. Since, the number of young bankruptcy increase in Malaysia then this study is construct to serve the potential reason of why the scenario happens. This study attempted to examine the relationship of all independent variables (economic situation, interest of purchase, financial literacy and peer influence) towards dependent variables (money management) among higher education students. The personal or self-administered questionnaires have been distributed to 300 students from 5 selected institutions. The finding reveals that economic situation, interest of purchase, financial literacy and peer influence have positive significant relationship towards money management. This study supports strong recommendations that students should take into consideration their financial awareness in improving their money management to have better daily life.