Saving and Spending Pattern Of Part Time Job Goers Among

College Students In pattambi

Chapter-1

INTRODUCTION

1.1 - INTRODUCTION

Saving is an essential aspect of personal financial management, reflecting an individual’s

ability to plan for the future while meeting present needs. For part-time working college
students, savings play a critical role in balancing their academic and financial
responsibilities. This study focuses on the saving habits of part-time working college
students in Pattambi Town, shedding light on how they manage their earnings and plan their
expenditures.

The growing trend of students engaging in part-time work highlights the

importance of understanding their financial behaviors. These students often face unique
challenges, such as limited income, competing priorities, and a lack of financial literacy,
which significantly influence their saving pattern. Pattambi Town, a
prominent region in Kerala known for its cultural and educational prominence, serves as an
ideal area for this study. It encompasses a diverse demographic of students, many of whom
pursue part-time employment to support their education and personal needs.
The study aims to explore various factors influencing the saving habits of these students,
including their income levels, spending patterns, financial goals, and the role of family and
peer influence. Additionally, it seeks to identify the challenges they face in saving money and
how their habits may impact their future financial stability.
By examining the saving habits of part-time working college students, this research provides
insights into their financial behavior, which could help policymakers, educators, and financial
institutions design programs to promote financial literacy and savings among young adults.
This study also aims to encourage students to adopt disciplined financial practices, ensuring
long-term economic well-being.

1.2 - SIGNIFICANCE OF STUDY

The spending habits of the youth have changed over the years. College students have
started to
spend more money on entertainment and life style and have become more brand conscious.
With the
increase in standard of living of adults, the young have also been empowered with more
money and have
got more spending power. The spending and saving habit of college student is a relevant
topic in this
current scenario because the income of the students is very low and expenses are very high.
It is important
to study that how will they manage their expenses with their limited income. This study is
conducted to
understand the various spending patterns of college students working part-time jobs.

1.3 - SCOPE OF THE STUDY

In this study, the researcher made maximum effort to made this study a success, by
collecting primary and secondary data directly by meeting the xiaomi's customer's and
specifying much more time for analysing collected data, even though inadequate time, poor
response of respondents, limited number of samples etc. made the scope of this study
limited.

1.4 - STATEMENT OF THE PROBLEM

The spending habits of the youth have changed over the years. College students have
started to
spend more money on entertainment and life style and have become more brand conscious.
With the
increase in standard of living of adults, the young have also been empowered with more
money and have
got more spending power. The spending and saving habit of college student is a relevant
topic in this
current scenario because the income of the students is very low and expenses are very high.
It is important
to study that how will they manage their expenses with their limited income. This study is
conducted to
understand the various spending patterns of college students working part-time job.

1.5 - OBJECTIVES

The following are the objectives of the study

- To analyse the nature of part-time jobs taken by college students.
- To identify the factors affecting the part-time jobs among college students.
- To study the factors influencing the spending and saving pattern of the part-time job goers

1.6 - RESEARCH METHODOLOGY

Research Methodology is a way of systematically studying about how the research is done.
Essentially it is the procedure by which the researchers go about their work of describing,
evaluating and
predicting phenomenon. It aims to give the work plan of research.
1.6.1 - TYPES OF DATA USED

PRIMARY DATA

Primary data was obtained from the original source of information. The primary data were
more
reliable and have more confidence level of decision-making with the trusted analysis having
direct intact
with occurrence of the events. Primary data has been collected using questionnaire.

SECONDARY DATA

Secondary data is the data that has already been collected through primary sources and
made readily
available for researchers to use for their own research. It is a type of data that has already
been collected in
the past. Secondary data has been collected from books, journals, reports, thesis, websites,
etc.

1.6.2 - RESEARCH DESIGN

This research is based on descriptive reasearch design

1.6.3 - SAMPLING DESIGN

Convenient sampling is used for purpose of study

1.6.4 - SAMPLE SIZE

Sample size refers to the number of participants or observations included in a study. This
number is
usually represented by n. The size of a sample influences the power of the study to draw
conclusions. Due
to time constraint totally, the researcher has selected 50 respondents in Pattambi Town.

1.6.5 - TOOLS FOR DATA COLLECTION

Primary data are collected using questionnaire as tool for data collection

1.6.6 - TOOLS FOR ANALYSIS

For analysis and presentation of data, percentage, analysis ,tables ,bar charts are used

1.6.7 - PERIOD OF STUDY

The designated period allocated for the comprehensive study and in-depth analysis of the
project has been established to span a duration of three weeks.

1.6.8 - LIMITATION OF STUDY

1. Self-Reporting Bias – Students may provide inaccurate or socially desirable responses

rather than truthful ones, leading to data distortion.
2. Limited Sample Size – The study may not capture a large and diverse enough sample,
making it difficult to generalize findings to all college working students.
3. Inconsistent Financial Records – Many students do not maintain detailed financial
records, making it challenging to collect precise spending and savings data.
4. Variability in Income Sources – Students often have irregular or fluctuating income from
part-time jobs, allowances, or freelance work, which complicates tracking financial patterns.
5. Different Cost-of-Living Factors – The spending and saving habits of students can vary
based on location, tuition fees, and living arrangements, making standardization difficult.

Chapter - 2

REVIEW OF LITERATURE

Abhijeet Birari and Umesh Patil. (2014), a study conducted in the city of Aurangabad,
revealed that the average total salary expenditure of undergraduate, graduate and
postgraduate
students is Rs 2196, Rs 2652 and Rs 4920, respectively.
Hassan. (2012), It is important that men and women have different but similar eating
habits. Therefore, this article is recommended for entrepreneurs with young business goals
focused on production.
Dr Rekha Atri. (2012),studied the consumption and persistence of youth aged 14-30 in
Indore.There is a difference in the behavior of Chinese youth. The research concluded that
peer
groups have a significant influence on the purchasing decisions of young people under the
age
of 19. Gender also differs in expressing purchasing and saving behaviors. As participants
complete their answers, the influence of their friends and family diminishes and they rely on
the
evaluation of the product/service and its features to make an independent decision. There is
also
a difference between the reported purchasing and hoarding behavior of gender.Teens are
also
less likely to save money by spending more on entertainment, shopping, food and personal
care.
Subhani. (2011), the youth budget is determined by breaking down the variables that are
important to which young people spend money. The most important factors are respondents'
income, interests, friend information, social media, entertainment, and age.