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OC10089 STUDENT BUDGETING AND SPENDING BEHAVIORS: A COMPARATIVE STUDY Matthew J. Stollak, St. Norbert College, De Pere, WI, USA Amy Vandenberg, St. Norbert College, De Pere, WI, USA Kevin Steiner,.

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Spending behavior is influenced by a complex interplay of personal and external factors, including income, wealth, financial goals, the economy, cultural norms, and marketing. Understanding these factors can help individuals make more informed decisions about their spending and help them achieve their financial goals.

​factors that are likely to affect the financial management (spending and saving habits) of students include: income, taste, students' preference, peer group influence and social status.

Once you've totaled up your yearly income and expenses, subtract the expense total from the income total to get the difference. It's a simple step that can reveal a lot about your spending habits. If the result is a positive number, congratulations – you're spending less than you earn.

If students think before they spend, they will spend wisely and if they did not, they are likely to waste money. Student spending behavior can be improved if they plan their expenses ahead. They need to think to save to buy “needs” item rather than spend on “wants” item.

Motivational Theory by Kay Hofstede in 1967, explains that in order for the students to save or budget their allowances they must be motivated. The theory also explained that in saving, it's a must to set a particular goal that will motivate you to achieve your budgeting plan.

The characteristics of student spending generally include greater money spent on food, entertainment, electronic devices, and personal care products. Teenage spending often involves cash spent on clothing, music, movies, and video games.

Nine independent variables, namely, financial knowledge, financial attitude, gender, age, financial aid, years at university, racial groups, family background and course of study, were regressed against spending habits; the dependent variable.

A budget is a spending plan, a tool to put you in control of your money. It shows how much money you have, where it needs to go to meet your needs and wants and when you will be able to reach your financial goals.

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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232