Youngsters on Spending Pocket Money..

Research Objectives•To study the spending pattern of three age groups of students i.e. segment wise spending habits of the students.

Limitations•Only educated group is targeted•Sample size of 100 is a limitation•Sample unit and the city can be a limitation as the spending habit may differ in Metro city, Tier 2

Source of Data – Primary

Sample Size – 100

Data Collection – Questionnaire distributed college campuses and tuitions.

Under which age group do you fall ?

How frequently you receive pocket money?

42%

22%

36%

1000-2000

2000-3000

3000-4000

How much pocket money do you receive? (Monthly Cal.)

Entertainment Travelling Food Ent & Tra Ent & Food Tra & Food ETF0

5

10

15

20

25

30

35

19 19

32

2

1011

7

Where do you spend your money “a lot”?

Do you keep a track on your spending?

Do you ask for extra pocket money?

How do you feel after spending your money on something. Are you satisfied?

Do you get an opportunity to donate your money to NGO or other helping organisations?

Do you get to save your money?

Conclusions/Outcomes

•Youngsters somewhat keep track on spending•Spend a lot on food•Youth has now turned money minded•Some save for future•Haven't started giving back to society

Suggestions•Youth should think rationally before spending•Awareness about savings & investment avenues•Teach Teenagers About Saving Money•Encourage them to get a job

Scope for further research

• Increasing the sample size•More precise results if Tobacco and alcohol habits had

been included•Gender-wise segmentation• Savings habit of adults above 30 years of age is also an

interesting area for study

Money is a drug.. You must have it