Transfiguration of Saving and Spending Habits of College Students Ascribed to Internet Banking
Sharmila V
Sharmila V, Anna Adharash College for Women, Anna Nagar, Chennai (Tamil Nadu), India.
Manuscript received on 28 November 2019 | Revised Manuscript received on 20 December 2019 | Manuscript Published on 31 December 2019 | PP: 87-89 | Volume-8 Issue-4S3 December 2019 | Retrieval Number: D10061284S319/2019©BEIESP | DOI: 10.35940/ijrte.D1006.1284S319
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: Transfiguration of saving and spending habit of college students ascribed to internet banking address the question of Why, Where and How the college students spend and save their money. The extension of marketing and multiplication of brand as influenced the adults with increase in spending power. The objective of study is to analysis the various mode of saving habit, spending pattern and to identify the changes in saving and spending status due to internet banking.The survey is conducted among the sample size of 50 respondents by structured questionnaire. The respondents are college students under various educational qualification in particular to under graduate, post graduate and professional course. The questionnaire partitioned into three parts namely respondents profile, saving and spending patterns and its status. Each responses are entered and findings are analyzed using various statistical tool such as EXCEL and SPSS for charts and graphical representation. The findings revealed that majority of college students prefer bank account for the purpose of savings and they are using online banking app for the day to day transactions spent on various streams which has been ranked in the following study. The transfiguration in saving and spending status after usage of internet banking by college students is clearly analyzed in the study and stated as saving is lesser than spending.
Keywords: Saving, Spending, Habits, Internet Banking and College students.
Scope of the Article: Internet Computing