IDEAS home Printed from https://ideas.repec.org/a/aac/ijirss/v6y2023i1p64-71id1089.html
   My bibliography  Save this article

Financial skill and self-control affecting the saving behaviour of income earners in Thai municipalities

Author

Listed:
  • Wannuda Petpairote

Abstract

The researcher aimed to examine the saving behaviour of income earners in Thai municipalities using a survey research method. The questionnaires were validated by experts, and data from 400 questionnaires were analysed using multiple regression analysis (including the mean and standard deviation). The results showed that most people had savings, which, if the savers had no main income, would be sufficient to sustain life for less than three months. Also, their incomes were mostly allocated for expenses, with the remainder deposited as savings. The proportion of savings per month was about 5–15%, and the overall purpose of saving money was to provide for old age or retirement. The main factor used to choose a form of savings was the rate of return. The savings trend is likely to continue in the future. The internet was a source of knowledge about saving plans, and most savings were in the form of money deposited with financial institutions. The researcher found that personal factors, such as income and occupation; financial skill factors, such as financial literacy, financial behaviour, and financial attitude; and self-control influenced the saving behaviour of income earners in Thai municipalities with a statistical significance of p-value at 0.01.

Suggested Citation

  • Wannuda Petpairote, 2023. "Financial skill and self-control affecting the saving behaviour of income earners in Thai municipalities," International Journal of Innovative Research and Scientific Studies, Innovative Research Publishing, vol. 6(1), pages 64-71.
    • Handle: RePEc:aac:ijirss:v:6:y:2023:i:1:p:64-71:id:1089
    as

    Download full text from publisher

    File URL: https://ijirss.com/index.php/ijirss/article/view/1089/318
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Kavithanjali Sandrasegaran & Norimah Rambeli, 2023. "A Quantitative Study on Expenditure Behavior among Public and Private University Students in Malaysia," Journal of Economics and Behavioral Studies, AMH International, vol. 15(1), pages 27-34.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aac:ijirss:v:6:y:2023:i:1:p:64-71:id:1089. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Natalie Jean (email available below). General contact details of provider: https://ijirss.com/index.php/ijirss/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.