FACTORS INFLUENCING SAVING BEHAVIOR AMONG FULL-TIME STUDENTS

SCHOOL OF BUSINESS, ECONOMICS AND MANAGEMENT

STUDENT SAVINGS

FACTORS INFLUENCING SAVING BEHAVIOR AMONG

FULL-TIME UNILUS STUDENTS

BY:

NGENDA LITEBELE BFIN17210036

MWANSA CHUTU BFIN17211124

KNOX MUKANZU BFIN17210882

ISAAC

TAONGA NAMFUKWE BFIN17210412

CHIPO MUTEMBO BBA17210905

IDAH BINDABINDA BBA17210905

KAMWILIZYE SIMPUNGWE ECF1611003

LUCKSON TEMBO BFIN17210037

Table of Contents

CHAPTER 1: INTRODUCTION AND BACKGROUND ………………………………………. iv

1.0 INTRODUCTION ………………………………………………………………………………………. iv

1.1 BACKGROUND TO THE STUDY ……………………………………………………………….. iv

1.2 STATEMENT OF THE PROBLEM ………………………………………………………………. v

1.3 RESEARCH OBJECTIVES ………………………………………………………………………….. v

1.3.1 GENERAL OBJECTIVE …………………………………………………………………………………… v

1.3.2 SPECIFIC OBJECTIVE ……………………………………………………………………………………. v

1.4 RESEARCH QUESTIONS ……………………………………………………………………………. v

1.5 SIGNIFICANCE OF STUDY ……………………………………………………………………….. vi

1.6 SCOPE OF STUDY …………………………………………………………………………………….. vi

1.7 LIMITATIONS ………………………………………………………………………………………….. vi

1.8 OPERATIONAL DEFINITION ……………………………………………………………………. vi

CHAPTER 2: LITERATURE REVIEW ……………………………………………………………. vii

2.0 INTRODUCTION ………………………………………………………………………………….. vii

2.1 EMPIRICAL REVIEW …………………………………………………………………………… vii

2.1.0 LITERACY LEVELS …………………………………………………………………………………. vii

2.1.1 PEER PRESSURE …………………………………………………………………………………………. viii

2.1.2 SEIF-CONTROL. ……………………………………………………………………………………………. ix

2.1.3 PARENTAL SOCIALISATION. ………………………………………………………………… ix

2.2 THEORETICAL REVIEW …………………………………………………………………………… x

2.3 CONCEPTUAL FRAMEWORK ………………………………………………………………….. xi

2.4 GAPS IN LITERATURE ………………………………………………………………………….. xi

CHAPTER 3 METHODOLOGY ………………………………………………………………………. xii

3.0 INTRODUCTION ……………………………………………………………………………………… xii

3.1 RESEARCH APPROACH ………………………………………………………………………. xiii

3.2 RESEARCH DESIGN ……………………………………………………………………………. xiii

3.3 SAMPLING ………………………………………………………………………………………….. xiii

3.3.1 STUDY POPULATION ………………………………………………………………………………….. xiii

3.3.2 SAMPLE SIZE & TECHNIQUE ……………………………………………………….…………….. xiii

3.4 DATA COLLECTION ………………………………………………………………………………. xiv

3.5 DATA ANALYSIS …………………………………………………………………………………….. xiv

3.7 VALIDITY AND REALIABILITY ……………………………………………………………… xiv

3.8 ETHICAL CONSIDERATION …………………………………………………………………… xiv

CHAPTER 1: INTRODUCTION AND BACKGROUND

1.0 INTRODUCTION

This study is done to analysis the factors that influence saving behavior among unilus students

at both campuses. Four independent variables have been established which are financial

literacy, parent socialization, peer influence and self-control.100 respondents have participated

in this study. The main goal of this study is to examine the relationship between financial

literacy, parental socialization, peer pressure and self-control with saving behavior and to

identify the factors that can contribute to saving among students at the university of Lusaka.

According to statistics savings among students is very low thus this research will be focused

on a group of unilus students from different degree programs

1.1 BACKGROUND TO THE STUDY

Over the past few decades saving among students has been of main interest in such a way that

it enhances savings methods of all kinds. The aim for carrying out this research is to understand

the behavior and management of students who have been involved in saving as a means of