Importance Of Spending Habits

Spending habit is the way you are used to paying money for things, the things you spent money for and how much you are used to spent, all of which is hard to change. But in the reality, what is the meaning of spending? And what is the meaning of habit? As we know spending in this context means paying money for things. “Habits” are what you are used to doing and have a hard time change. Spending habit is an important part to a person’s characteristic it is because not just understanding what we spend, it also important to us to know why we spend the way we do. It means it doesn’t just do a budget or record how many you spend and also testing all the factors to put your spending habit in context. Spending habit may largely influenced by what’s

Besides, different cultural between races also play a major role in spending habits. Example, Chinese may spent large money on a wedding while another culture may not spend much at all. Someone raised in great wealth may have spending habits that are very different from someone raised poor. Furthermore, our own unique personality and experiences also play a role. Example, two siblings growing in the same environment doesn’t mean the siblings have the same interest and the spending habits it is because one might be a saver while the other may be a spender. This includes other forces such as different gender might have a different kind of view and perceive. Last but not least, the media also has a role in how we spend and save. Example, thinking about the spending habits of the characters when we saw on TV as we were growing up till today. Did they thinking about their retirement fee for their future? By examine the student’s habit, we will look into few categories which are entertainment, education fees, food and drinks and transport. By define entertainment, students are spending on games, shopping, electronics, even cafe all are costly

All students in the campus who has different kind of habits which mean some of the students willing to pay more money to have their lunch or dinner at café. Of course as we know that café have a better environment for the customer so the price of the foods also higher compare to normal restaurant. And some of the students which willing to eat at some restaurant or mamak so the price of the restaurant is cheaper compare to café etc. Furthermore are student’s education fees. Some of the students in the campus are spending to buying new textbooks. Oftentimes, students feel they need to buy their textbook quickly and will go to book store to buy all textbooks for their classes, many of them new. Besides, additional professional papers also taking by students apart from his or her current papers. Other expenses students spend more money in transportation. Some of the college students going classes by own car. Students are feeling convenient by travel own transport. It is an extra expense because need for petrol fee, service fee, repair fees etc. Other than that, some of students might choose other options which are travel school bus, walk, and railway