Analysis of Techniques for Encouraging Savings Culture Among Undergraduates in Tertiary Institutions in Nigeria- Banking and Finance
Quick Navigation for Final Year Undergraduates, Masters (Thesis), and Ph.D. Dissertation Students Who Need Our Services on Their Research Works
| Find More Project Topics | FIND HERE |
| Hire Us for Thesis Works | HIRE NOW |
| Hire Us for Project Works | HIRE NOW |
| Hire Us for Seminar Works | HIRE NOW |
| Hire Us for Assignments | HIRE NOW |
| Hire Us for Proposals | HIRE NOW |
| Contact Us | HERE NOW |
INTRODUCTION
BACKGROUND OF THE STUDY
The concept of Savings constitutes that amount of money set aside for future use rather than spending it immediately. It helps the individual to abstain from impulse purchasing and wasteful spending. Previous studies show that a positive relationship exist between savings and growth; with higher saving leading to higher growth. According to harod domar and w.w. Rostow the mobilization of domestic and international savings enhances investment and economic growth. Todaro and Smith, 2006. Alguacil et al 2004 also allude to the fact that the mobilization of international and domestic savings is essential for meaningful domestic investment. Odhiambo (2008) also stated that savings plays a vital role towards the development of the financial sector. While Loibl et al (2011) supported the fact that the culture of constant act of saving is very essential for the financial independence and stability of the households. It is postulated that the formation of the habit of savings contributes to an individual’s ability to save. This in turn builds a positive perception towards savings and thereby increases savings level. Allesie and Lusardi (1997) stated that the formation of the habit of saving has an effect on an individual’s consumption and savings. The use of different accounts for different savings goals enhances commitment to savings. The study seeks to proffer an analysis of techniques for encouraging savings culture among undergraduates in tertiary institution.
STATEMENT OF THE PROBLEM
The propensity to save is determine by several factors. This indicates the fact that many people do not have the willingness to save neither are they willing to sacrifice the present pleasure for future needs. This is practically the habits of among young individuals such as undergraduates. Therefore, their perception towards the habit of savings seems naturally negative. However, it is postulated that the formation of the habit of savings contributes to an individual’s ability to save. This in turn builds a positive perception towards savings and thereby increases savings level. The problem confronting the study is to proffer an analysis of techniques for encouraging savings culture among undergraduates in tertiary institution.
OBJECTIVES OF THE STUDY
The Main Objective of the study is to proffer an analysis of techniques for encouraging savings culture among undergraduates in tertiary institution; The specific objectives include:
- To ascertain the determinants of savings among undergraduate students.
- To determine the motives for savings among undergraduate students.
- To establish the techniques to encourage undergraduate students’ savings culture.
RESEARCH QUESTIONS
i. What are the determinants of savings among undergraduate students?
ii. What are the motives for savings among undergraduate students?
iii. What are the techniques to encourage undergraduate students’ savings culture?
STATEMENT OF THE HYPOTHESIS
Ho1: There is no significant technique for encouraging savings culture among undergraduate students of tertiary institutions in Nigeria.
SIGNIFICANCE OF THE STUDY
The study seeks to develop a culture of savings among undergraduate people as a means of fostering the culture of savings and investment for the economic growth of the nation.
SCOPE OF THE STUDY
The study focuses on the appraisal of the analysis of techniques for encouraging savings culture among undergraduates in tertiary institution.
LIMITATION OF THE STUDY
The study was confronted with logistics and geographical factors.
DEFINITION OF TERMS
INCOME DEFINED
Income is defined as income earned by an individual.
SAVINGS DEFINED
Savings constitutes that amount of money set aside for future use rather than money spent immediately.
HOUSEHOLD DEFINED
These are persons or group of persons, living together in the same house hold unit.
Disclaimer
This research material is intended for academic use only and should be used as a guide in constructing your research project and seminar presentation. You should never duplicate the content word for word (verbatim), as SCHOOLTHESIS.COM will not be held liable for anyone who does.
The purpose of publishing this material is to alleviate the stress of hopping from one school library to the next in search of research materials. This service is lawful because all educational institutions allow students to read past projects, papers, books, and articles while working on their own.
SCHOOL THESIS is merely giving this information as a research reference. Use the document as a reference or structure for your own research paper. This paper’s content should be able to assist you in coming up with new ideas and thoughts for your own study
Analysis of Techniques for Encouraging Savings Culture Among Undergraduates in Tertiary Institutions in Nigeria- Banking and Finance research paper, should only be used as a guide.