Spending &amp; Saving Habits of Youth in the City of Aurangabad

Birari, Abhijeet; Patil, U. D.

doi:10.9756/sijasree/v4i5/0203230101

Cited by 12 publications

(12 citation statements)

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“…According to Mireku (2015), African students have relatively very little information about financial issues. This is also in line with Birari & Patil (2014)'s analysis, which is conducted over the Indian students. However, in our study, it is observed that university students exhibit a relatively high financial awareness, and further increasing with the age factor, regarding S-I decisions.…”

Section: Discussionsupporting

confidence: 83%

“…In this study, conducted with 150 students from three categories (50 students from each of the junior, graduated, and post-graduate categories respectively), the age group of 14-30 is referred to as youth. The most important result of this study is that there is a generally low level of awareness among the students regarding saving or investment preferences and the meaning of their habits (Birari & Patil, 2014).…”

Section: Literature Reviewmentioning

confidence: 89%

“…In many developing and least-developed economies, financial literacy is a big issue. For instance, the spending and saving behavior of youth in Aurangabad city in India is investigated by Birari & Patil (2014). In this study, conducted with 150 students from three categories (50 students from each of the junior, graduated, and post-graduate categories respectively), the age group of 14-30 is referred to as youth.…”

Section: Literature Reviewmentioning

confidence: 99%

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University Students’ Preferences about Savings and Investments at Individual and National level in the 21st Century: The Case of Turkey

Yumurtaci

Bagis

2020

Review of Economic Perspectives

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This paper aims to capture the favored both national and individual saving and investment perceptions of the Turkish youth. Also, the research contributes to the understanding of the common preferences of the youth and focuses on perceptions over their home country’s saving-investment decisions. We reason, it is important to evaluate views of the youth on national savings and investments as they will be both the decision-makers determining the economic and social policies of the near future and the ones that are directly impacted by these policies implemented today. For this purpose, a questionnaire is applied to randomly selected 550 university students in Turkey and the results are analyzed by the chi-square test. Accordingly, students have mostly preferred that investments should be primarily made to the education sector at national level while investment made for the social security system is placed on the last rank. In addition, education is the most important individual investment choice of participants. On the other hand, information technologies, energy, and agriculture are identified as the most significant investment areas, which could be potentially increased the global competitiveness of their home country. Another important outcome of this research is that students prefer to invest their individual savings in gold and real estate investments, respectively.

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Section: Discussionsupporting

confidence: 83%

Section: Literature Reviewmentioning

confidence: 89%

Section: Literature Reviewmentioning

confidence: 99%

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University Students’ Preferences about Savings and Investments at Individual and National level in the 21st Century: The Case of Turkey

Yumurtaci

Bagis

2020

Review of Economic Perspectives

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“…If the income of a family is inadequate to meet the financial obligations, the capacity to save will be affected (Garasky et al, 2008 ). It has also been observed that youth practice fewer basic financial skills, such as budgets, developing regular savings plans or planning for long-term needs (Birari and Patil, 2014 ).…”

Section: Financial Managementmentioning

confidence: 99%

Economic Cognitions Among Older Adults: Parental Socialization Predicts Financial Planning for Retirement

Palací

Jiménez

Topa

2017

Front. Aging Neurosci.

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Drawing on the model on financial planning for retirement (FPR), the aim of this work is to explore how parental economic socialization both directly and indirectly affects FPR through the mediation of financial literacy, financial planning decisions and financial management. Data from a sample of 280 participants aged between 45 and 63 years were used. The results show that parental economic socialization directly and indirectly influences FPR. Moreover, parental economic behavior acts as a positive model for the development of financial literacy and skills and for decisions about FPR. All the variables increased the explained variance of FPR. Lastly, we discuss the process by which parental economic socialization is positively related to financial literacy and skills that impact on FPR, indicating some implications and future lines of research.

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“…Students' needs are related to the living cost and college tuition and lifestyle, and prestige in this stage. Young people start to spend more money on entertainment and lifestyle, becoming more aware of brands (Birari & Patil, 2014). If students do not manage their money well, they will face grave financial problems such as monthly money that runs out prematurely as a consequence.…”

Section: Introductionmentioning

confidence: 99%

The Effect of Financial Literacy and Personality Towards Students’ Financial Management Ability

Liesfi

Suranto

2021

JAP

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ABSTRACTThis study aims to find out the effect of financial literacy and personality traits on personal financial management. The population in this study was all students of the Faculty of Economics, which consisted of 1068 students, and 258 students were selected as the samples of this study using a proportional cluster random sampling system. The data analysis technique used was multiple linear regression. The result of this study showed that financial literacy and personality, whether simultaneous or partial, significantly and positively affect the personal financial management of students.ABSTRAKPenelitian ini bertujuan untuk mengetahui pengaruh literasi keuangan dan ciri-ciri kepribadian terhadap pengelolaan keuangan pribadi. Populasi dalam penelitian ini adalah seluruh mahasiswa Fakultas Ekonomi yang berjumlah 1068 mahasiswa dan dipilih sebanyak 258 mahasiswa yang digunakan sebagai sampel dalam penelitian ini dengan menggunakan teknik proportional cluster random sampling. Teknik analisis data yang digunakan adalah regresi linear berganda. Hasil dari penelitian ini menunjukkan literasi keuangan dan kepribadian, baik secara simultan ataupun parsial, berpengaruh positif dan signifikan terhadap pengelolaan keuangan pribadi mahasiswa.

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Spending & Saving Habits of Youth in the City of Aurangabad

Cited by 12 publications

References 0 publications

University Students’ Preferences about Savings and Investments at Individual and National level in the 21st Century: The Case of Turkey

University Students’ Preferences about Savings and Investments at Individual and National level in the 21st Century: The Case of Turkey

Economic Cognitions Among Older Adults: Parental Socialization Predicts Financial Planning for Retirement

The Effect of Financial Literacy and Personality Towards Students’ Financial Management Ability

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