Spending Habits Among Working Students at Eastern Samar State University-Guiuan Campus
DOI:
https://doi.org/10.5281/zenodo.19383723Keywords:
working students, spending habit, financial management, income allocation, financial decisionsAbstract
Balancing academics and part-time work is a common reality for many students, often leading to significant financial challenges. Understanding how these students manage their finances, especially their spending habits is critical for promoting their financial well-being. This study aims to provide insights into how students distribute their income across essential categories like personal needs, food, academics, and transportation. By examining their spending habits, this research seeks to better understand the financial decisions made by working students. The study used a structured questionnaire with a five-point Likert Scale, ranging from 5 (Strongly Agree) to 1 (Strongly Disagree), to gather data. The questionnaire consisted of two sections: the first section collected demographic information from respondents, including age, gender, year level, and monthly income. The second section used a five-point Likert Scale to assess spending habits across personal needs, food, academic purposes, and transportation. Statistical analysis revealed no significant link between demographic factors (age, gender, year level, and monthly income) and student spending habits. The minimal Eta correlation values (0.010 to 0.040) and high p-values (above 0.05) support this, indicating that these demographic factors do not significantly affect how students allocate their resources. Therefore, the study concludes that a student's demographic profile does not meaningfully influence their spending habits. The researchers recommend that future researchers explore additional variables, such as lifestyle or external economic pressures, to provide a more comprehensive understanding of the factors influencing the spending habits of this population.
References
Ablay, J. A. M. C., et al. (2023). The Relationship Between Spending Behavior and Student Financial Management Skills IOER International Multidisciplinary Research Journal.Abawag. C. F. N. B., Ancheta, J. R. S., Domingo, I. J. B., Rabina, G. A., Saciote, A. D. https://doi.org/10.54476/ioer-imrj/579933
Ahamed, A. F. M. J., Jakubowska, D., & Sadílek, T. (2025). Financial anxiety of university students in Poland and Czechia: fsQCA analysis. International Journal of Bank Marketing, 43(4). https://doi.org/10.1108/IJBM-04-2024-0229
Dorog, M. N. A., Fajardo, T. J., Flores, J. E., Gulle, E. A., & Limocon, P. H. (2023). Budgeting practices and spending behaviors of college students living in dormitories: Financial security and well-being. Xavier University Ateneo de Cagayan. https://doi.org/10.13140/RG.2.2.30155.40486
Fatmasari, D., Nugroho, L., & Haryanto, H. (2019). Use of E-Money and Debit Cards Student Consumption Behavior. International Journal of Business, Economics and Law, 19(5), 10-15. https://doi.org/10.1051/e3sconf/201912503013
Garcia, M. L., & Santos, R. D. (2021). The impact of financial stress on student performance. Journal of Student Financial Studies, 12(3), 45-60. https://doi.org/10.30845/jbep.v6n1p7
Hauff, J. C., Carlander, A., Gärling, T., & Nicolini, G. (2020). Retirement financial behavior: How important is being financially literate? Journal of Consumer Policy. https://doi.org/10.1007/s10603-019-09444-x
Ktoridou, D., Epaminonda, E., Efthymiou, L., (2021). In-Campus Work and Study: Motivation, Challenges, Benefits, Skills Developed and Impact on Studies. IEEE Global Engineering Education Conference (EDUCON), 1732-1736. https://doi.org/10.1109/EDUCON46332.2021.9453974
Kumar, D. S., Sudin, H., Othman, J., & Salehuddin, S. (2022). The influence of spending behaviour, among university students in Malaysia. Asian Journal of Accounting and Finance, 4(3), 30-43. https://doi.org/10.55057/ajafin.2022.4.3.3
LeBaron-Black, A. B., Kelley, H. H., Hill, E. J., Jorgensen, B. L., & Jensen, J. F. (2023). Financial socialization agents and spending behavior of emerging adults: Do parents, peers, employment, and media matter? Journal of Financial Counseling and Planning. https://doi.org/10.1891/JFCP-2021-0036
Mandell, L. (2008). Financial Literacy of High School Students. In Handbook of Consumer Finance Research. Springer. https://doi.org/10.1007/978-0-387-75734-6_10
Maslow, A. H. (1943). A theory of human motivation. Psychological Review, 50(4), 370-396. https://psycnet.apa.org/doi/10.1037/h0054346
Obagbuwa, O., & Kwenda, F. (2020). Determinants of Students' Spending Habits: a Case Study of Students at a Premier University of African Scholarship. African Journal of Business & Economic Research, 15(4). https://doi.org/10.31920/1750-4562/2020/v15n4a2
Robotham, D. (2012). Student part-time employment: Characteristics and consequences. Education + Training, 54(1), 65-75. https://doi.org/10.1108/00400911211198904
Rodrigue, J.-P., Comtois, C., & Slack, B. (2017). The Geography of Transport Systems (4th ed.). Routledge. Cambridge Dictionary. Gender Definition Education Counts. Technical Notes and Definitions. https://doi.org/10.4324/9781315618159
Smith, L. A., & Gross, M. J. (2020). The relationship between work hours and spending behavior among college students. Journal of College Student Development, 61(5),631-645. https://doi.org/10.1353/csd.2020.0061
Sulillari, J. (2020). Students' attitude toward money: A case study from Albanian students. International Journal of New Economics and Social Sciences. DOI:10.5604/01.3001.0014.6884
Xiao, J. J., & Porto, N. (2019). Financial education and consumer financial capability. International Journal of Consumer Studies, 43(6), 545-552. Link: https://doi.org/10.1111/ijcs.12553
