Factors Influencing On Saving Behaviour Among University Students-

Abstract

Over the years, numerous researchers have studied on the determinants of personal saving behavior among the households and employees rather than young adults such as university students. Despite there are few studies focus on the financial behavior of university students, most of the studies were not drove by theory and merely focused on single factors. Therefore, this research is aims to investigate whether financial literacy and self-control have significant influence on the saving behavior of university students of the Faculty of Commerce and Management, Eastern University, Sri Lanka.

Primary data were collected using self-administered questionnaire. The samples comprised 55 students from faculty of commerce and management Eastern University Sri Lanka. Descriptive statistical analysis such as percentage, mean, standard deviation, Pearson Correlations and Multiple Regression Analysis were employed to identify whether the two factors have relationship with the saving behavior of university students.

The findings show that both financial literacy and self-control have positive relationship with saving behavior while financial literacy has the greatest impact on saving behavior among the both independent variables.