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@article{196290,
        author = {Dr. S. Anantha Kumar and Ms. S. Renuga},
        title = {Savings and Spending Habits Among Youth in Erode City},
        journal = {International Journal of Innovative Research in Technology},
        year = {2026},
        volume = {12},
        number = {11},
        pages = {3650-3654},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=196290},
        abstract = {The financial habits of youth play a major role in shaping their future stability and economic well-being. In recent years, changes in lifestyle, expansion of digital payment systems, and increasing consumer choices have influenced the way young people manage their money. This study focuses on the spending and saving habits of youth in Erode City. The research is based on primary data collected from 110 respondents through a structured questionnaire. The findings show that most youngsters spend a large share of their money on food, clothing, transportation, entertainment, and online services. Although many respondents save a part of their monthly income or allowance, the level of saving differs according to income, awareness, and financial discipline. Peer influence, social media trends, and family environment also play a significant role in shaping their financial behaviour. The study highlights the need for financial literacy programmes that can guide youth towards proper budgeting, responsible spending, and regular saving. Improving financial awareness at an early stage can help young individuals build stronger money-management skills and achieve long-term financial security.},
        keywords = {Budgeting, Digital Payments, Erode City, Family Influence, Financial Awareness, Financial Discipline, Saving Habits, Spending Habits, Peer Influence, Youth Financial Behaviour.},
        month = {April},
        }