Savings Behavior of Students of Faculty of Science and Arts, Burapha University, Chanthaburi Campus

Abstract

This article investigated the savings behavior of undergraduates at the Faculty of Science and Arts, Burapha University, Chanthaburi Campus, utilizing a quantitative research approach. A closed-ended questionnaire served as the primary data collection tool, with a sample size of 316 students determined using Taro Yamane’s sampling formula and a 95% confidence interval. Statistical analyses, including frequency, percentage, mean, and standard deviation, were employed to interpret the data. Findings reveal that most students possess a total monthly income, excluding family accommodation expenses, below 7,500 Baht. Consequently, a significant proportion of students do not engage in savings, and for those who do, the average monthly savings amount is less than 500 Baht. These results suggest a prevalent absence of financial planning among the student population. For students practicing savings, common methods include self-storage or bank deposits, with personal preference being the most influential factor. Conversely, students without savings attribute reasons such as extravagant spending, insufficient income to cover expenses, and existing debt obligations, in descending order of prevalence. In terms of savings goals, emergency situations take precedence, followed by family support during financial difficulties, and saving for healthcare needs. Investment purposes rank lowest in terms of priority.