The Influence of Social Environment, Financial Attitude, and Income on the Saving Behaviour of Students in Melbourne

DOI

10.2991/978-94-6463-809-7_18How to use a DOI?

Keywords

self-control; financial attitude; financial literacy; social environment; saving behaviour

Abstract

The increasing accessibility of digital financial services has led to a rise in student spending and borrowing. This research intends to explore the elements that affect saving behaviour among students in Melbourne, Australia. It investigates how financial literacy, financial attitudes, self-control, social environment, income, risk tolerance, financial knowledge, financial self-efficacy, and financial management practices influence saving habits. By gaining insights into these elements, the research aims to assist in developing effective strategies that encourage saving behaviours among students. A purposive sampling technique was used to target students enrolled in higher education institutions in Melbourne who had saved during their study period. Data were collected through structured questionnaires over three months, yielding 104 valid responses. Partial Least Squares (PLS) analysis was employed to assess the relative influence of each factor. By understanding these factors, the research aims to identify strategies for promoting saving habits among students, particularly in the context of rising living costs and increasing access to digital financial services. This research provides valuable insights into the factors influencing saving behaviour among students in Melbourne. Researchers can utilise the findings to further investigate saving behaviour and identify additional factors that may impact it. Additionally, students can benefit from this research by understanding the factors they can improve to develop positive saving habits. This knowledge can empower students to save for short-term and long-term financial goals.

Copyright

© 2025 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Alain Moelya Warisadi
AU  - Keni Keni
PY  - 2025
DA  - 2025/08/13
TI  - The Influence of Social Environment, Financial Attitude, and Income on the Saving Behaviour of Students in Melbourne
BT  - Proceedings of the Thirteenth International Conference on Entrepreneurship and Business Management UNTAR 2024 (ICEBM 2024)
PB  - Atlantis Press
SP  - 229
EP  - 242
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-809-7_18
DO  - 10.2991/978-94-6463-809-7_18
ID  - Warisadi2025
ER  -