Effect of saving motives and horizon on saving behaviors

Fisher, Patti J.; Montalto, Catherine P.

doi:10.1016/j.joep.2009.11.002

Cited by 141 publications

(100 citation statements)

References 43 publications

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“…Here the identification of one's own personal objective as well as the actual realization of where one stands financially may create psychological effects that push individuals to adjust their financial behavior, in line with their personal objectives. Fisher and Montalto (2010) indicate that the farther one's saving horizon is, the higher the likelihood of regular savings. Furthermore, they also indicated that having a retirement motive significantly increases the chances of saving regularly.…”

Section: Investing For Goalsmentioning

confidence: 99%

Inclusive Islamic financial planning: a conceptual framework

Ahmed

Salleh

2016

IMEFM

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The full-text may be used and/or reproduced, and given to third parties in any format or medium, without prior permission or charge, for personal research or study, educational, or not-for-prot purposes provided that:• a full bibliographic reference is made to the original source • a link is made to the metadata record in DRO • the full-text is not changed in any way The full-text must not be sold in any format or medium without the formal permission of the copyright holders.Please consult the full DRO policy for further details. Findings: Using the notion of a hierarchy of needs and a financial planning model, an inclusive IFP framework that can be used by the poor is outlined. The complementary role of the non-poor households who provide funds for zakat and awqaf is also identified.Research implications/limitations: The applicability of an inclusive IFP would require Islamic financial instruments and products, institutional development and existence of a social planner who can integrate zakat, awqaf and financial planning to serve the financial needs of the poor.Social implications: Application of an inclusive IFP that can mitigate poverty would necessitate integrating financial planning skills and knowledge with traditional institutions of zakat and awqaf to provide holistic financial advice and services to the poor households.Originality/value: Discussion of financial planning in financial inclusion literature is scant. The paper offers a novel approach of poverty mitigation by utilizing the full spectrum of Islamic financial planning that considers the financial needs and allows for the creation of a personalized financial plan for low-income households.

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Section: Investing For Goalsmentioning

confidence: 99%

Inclusive Islamic financial planning: a conceptual framework

Ahmed

Salleh

2016

IMEFM

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“…The relevant economic literature pays particular attention to the motives behind saving that inspire an individual, their psychological traits that encourage saving, or demographic factors. Although this paper does not address the microeconomic perspective, we cite examples of the following relevant papers: (Anioła & Gołaś, 2012b;Börsch-Supan, 2003;Brandstaetter & Gueth, 2000;Canova, Rattazzi, & Webley, 2005;Duesenbury, 1952;Fisher & Montalto, 2010;Kirsanova & Sefton, 2007).…”

Section: Household Savingsmethodological Aspectsmentioning

confidence: 99%

An Allocation Analysis of Polish Household Savings Invested in Financial Assets, 2003 – 2014

Dębski¹,

Świderski²

2016

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123This article addresses the allocation of Polish household savings that are invested in financial assets. As an economic category, these savings are very important in every country because they determine investments in the national economy, thereby influencing a country's further economic growth and development. From this point of view, investigating both the allocation of personal savings and their structure is essential because they change due to changing economic circumstances, changing situations in the world's financial markets, especially in the stock exchange markets, and the development of financial markets. The main purpose of this article is to analyze the changes in the allocation of savings in Polish households and the structure of their investment in financial assets. These changes, which are empirically observed, result from the circumstances of the national economy, which affect the behavior of investors in the stock market and determine the interest rate levels. The analysis is conducted on the basis of trend models with variations of parameters. The analysis has been carried out for the period Q4 2003 -Q3 2014. IntroductionThe savings of households are a very important economic category in any economy and influence its development. The allocation of these savings is particularly essential, thus making it the subject matter of this paper. Personal savings have a direct impact on economic investment. The allocation of these savings attests to the inflow of capital to those sectors savings of the Polish households, financial assets, analysis of allocation and its structure, trend models with variations of parameters

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“…Sebaliknya, apabila rumah tangga berminat untuk menabung di PKK, maka rumah tangga cenderung akan menabung di PKK secara rutin. Beberapa peneliti (Davis & Hustvedt, 2012;Fisher & Montalto, 2010;LeBoeuf, Shafir, & Bayuk, 2010) menemukan jika minat menabung terbentuk dalam waktu yang lama maka akan memiliki perilaku menabung yang positif. Penelitian sebelumnya yang dilakukan oleh Chudzian, Anioła-Mikołajczak, dan Pataraia (2015) menemukan bahwa minat menabung bertendensi mengubah perilakunya menjadi konsisten untuk menabung.…”

Section: Hubungan Minat Menabung Dengan Perilaku Menabungunclassified

Perilaku menabung rumah tangga di program pembinaan kesejahteraan keluarga berbasis minat

Nindya¹,

Supramono²

2018

jeb

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Keywords A B S T R A KRumah tangga memiliki pilihan tentang cara dan tempat untuk menabung apakah di lembaga keuangan atau non lembaga keuangan seperti di program PKK. Studi ini bertujuan untuk menguji faktor-faktor yang mempengaruhi minat dan perilaku menabung rumah tangga di PKK berdasarkan Theory of Planned Behavior. Data dikumpulkan melalui metode survei terhadap 208 rumah tangga dan dianalisis menggunakan model persamaan struktural. Hasil studi menunjukkan bahwa sikap menabung, norma subjektif, dan kontrol perilaku persepsian berpengaruh secara signifikan terhadap minat menabung. Selanjutnya, minat menabung dalam hal kemauan rumah tangga yang menjadi anggota PKK menyisihkan sebagian pendapatannya untuk kepentingan tabungan menjadi faktor penentu perilaku rumah tangga untuk menabung. PENDAHULUANKeberadaan Program Pembinaan Pemberdayaan dan Kesejahteraan Keluarga atau lebih dikenal luas dengan singkatan PKK tidak bisa dilepaskan dari upaya pemerintah Indonesia untuk meningkatkan peran aktif perempuan dalam pembangunan mulai dari lingkup terkecil yaitu keluarga dan lingkungan sekitarnya.

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Effect of saving motives and horizon on saving behaviors

Cited by 141 publications

References 43 publications

Inclusive Islamic financial planning: a conceptual framework

Inclusive Islamic financial planning: a conceptual framework

An Allocation Analysis of Polish Household Savings Invested in Financial Assets, 2003 – 2014

Perilaku menabung rumah tangga di program pembinaan kesejahteraan keluarga berbasis minat

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