Students’ Attitudes and Tactics Toward Savings

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There are various ways on how students could save money. One of these ways is using discipline which includes the shifting of their own consumptions to such items with lower or cheaper cost. This is advantageous for those students who are tightening their budgets and aiming to achieve short-term objectives. The researchers conducted the study to be able to determine the students’ attitude and tactics toward savings. The research shows that behavior towards the use of money may be affected by some factors like family life style, education, age and gender. It also shows that parents influence their child’s attitude and behaviors especially in terms of money. Moreover, little survey has been conducted for 40 students to fully understand the financial awareness, behavior and socialization experiences of the students. Results from the survey indicate that students have different behaviors in spending and different tactics in saving their money.
Students are facing difficult challenges when they enter a university. Therefore, these students must learn how to budget their own money and must learn to have a simple life. They should know how to live within their limits and if possible, try to avoid buying expensive gadgets and devices. Furthermore, students must be wise in spending money, meaning, try to spend on necessary and important things only rather than unimportant ones. Hence, it is better to do some sacrifices. Always bear in mind to keep some savings because emergencies and necessities are unexpected and may happen at all times.
Saving play a very important role in the country’s development, since these are the primary source of investments that can generate more production and employment(Colayco,2005). The Attitude has been d...

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