Almost 50 graduates and post-graduates completed a questionnaire on their sources of personal income (pocket money/allowance, part-time job, gifts), as well as how much they had saved, where it was stored, and for what purpose it was intended. Particular attention was paid to bank accounts. | An analysis on spending and saving pattern of college students in Idukki district International Journal of Management IJM Volume 8 Issue 3 May June 2017 203 Article ID IJM_08_03_022 Available online at http ijm JType IJM amp VType 8 amp IType 3 Journal Impact Factor 2016 Calculated by GISI ISSN Print 0976-6502 and ISSN Online 0976-6510 IAEME Publication AN ANALYSIS ON SPENDING AND SAVING PATTERN OF COLLEGE STUDENTS IN IDUKKI DISTRICT Mebin John Mathews Santhigiri Institute of Management Kerala India ABSTRACT Almost 50 graduates and post-graduates completed a questionnaire on their sources of personal income pocket money allowance part-time job gifts as well as how much they had saved where it was stored and for what purpose it was intended. Particular attention was paid to bank accounts. The participants also responded to various attitude statements about money and the economic situation in general. Females received more pocket money than males. Over 80 of the children claimed their parents would not give them extra money if they had spent it all. Key words Savings Spending Pocket money Parents. Cite this Article Mebin John Mathews An Analysis on Spending and Saving Pattern of College Students in Idukki District. International Journal of Management 8 3 2017 pp. 199 203. http IJM JType IJM amp VType 8 amp IType 3 1. INTRODUCTION People who saved and had savings while simultaneously having debts felt more optimistic and in control of their lives than those who had debts but no savings Furnham 1997 . Livingstone and Lunt 1993 examined in particular the relationship between saving and borrowing. Habitual or regular savers were found to have different psychological motivations from borrowers seeing debt either as a failure or as a normal part of everyday life. Sonuga-Barke and Webley 1993 argue that children s behaviour and understanding of saving like all economic behaviour is .
