Expenditure Pattern of Ug and Pg Student

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EXECUTIVE SUMMARY: A lot of times, college students end up spending the entire pocket money for a month and still have no clue as to how they spent the money. Not many students make a note of the expenditure and it is very rare to find someone who knows his/her expenditure pattern. In spite of planning before hand, this problem repeatedly haunts the students who generally don’t earn and have to resort to the money given by their parents/guardians/siblings. It is possible to cut down on the expenses, if one does a proper planning of the expenditures they incur in a given month. To take some steps to solve this problem this project would research on the monthly expenditure of college students. Expenditure can be under various heads which may be educational expenses like tuition , stationery or living expenses like housing, food, laundry, phone or other expenses like expenditure on leisure activities. This project aims to find out the expenditure made by the students under the various heads and also to ascertain the fact that they are aware of it or not. Many of the students stay away from their parents and have to manage a lot of the expenses on their own. Having an understanding of the expenses before hand helps them to plan out their spending and improves on the savings too. We try to find out if there is any relation of spending to other parameters like stage of education area from where the student comes from, etc. INTRODUCTION: An understanding of the expenses made by the students can be quite beneficial to a lot of people other than the students too. Let’s have a look at the different classes of people who can benefit from this analysis. The data can be of significant use to parents who would want to do small term financial planning of their college going children. Generally, the major expense which they take into account is the tuition fee. But, apart

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