ABSTRACT: The aims of this project are to describe the various ways in which students spend their money and to advise them on how to spend their money judiciously. About three hundred and sixty questionnaires were distributed randomly to six schools and one hundred and forty valid returns of questionnaires were gathered. From the analyses, it was discovered that despite the hard earned income of parents, most students insist on spending their money extravagantly. This is mostly found commonly the female students. According to the data age was identified as one of the major factors which influence the spending habit of students. Students below twenty – five years spend higher than students above twenty-five years. We also noted that students whose parents are wealthy spend much higher than students whose parents are averagely rich. Finally, students should judiciously spend money only on important items and should avoid ostentations spending.
APPENDICES
1a Computation of variance from pilot survey
1b Computation of sample size
2a Data on students’ spending habit
2b F – ratio table
3a Questionnaires
SIGNIFICANCE OF THE STUDY
Students’ expenditure habit are outs of spending or using money for their wants by the students. For example feeding, educational materials, projects and term papers, make-up, school fees, and drinks, etc.
This study is very useful on many ways:
It will help student who wants to make use of this project for research work and also help researcher who wants to read the thesis that parents should give their children a huge sum of money for their studies in t he higher education.
Again, it will help the researcher to know how much a student spends for a month and students should for a month and students should avoid unnecessary spending coke smoking cigarettes and marijuana.
LIST OF TABLES
Distribution of students by school
Allocation of questionnaire s (pilot survey) to the size schools
Allocation of questionnaires to different schools
Average monthly spending of students’ in relation to their parents’ status
Average monthly spending of students by age group.
TABLE OF CONTENTS
CHAPTER ONE
INTRODUCTION
AIMS AND OBJECTIVE
DEFINITION OF TERMS AND CONCEPTS
CHAPTER TWO
2.0 LITERATURE REVIEW
CHAPTER THREE
SOURCE OF DATA
SAMPLING FRAME
TABLE 1 THE DISTRIBUTION OF REGULAR STUDENTS
SAMPLING PLAN
REASONS FOR STRATIFICATION
METHOD OF DATA COLLECTION
PROBLEMS ENCOUNTERED DURING DATA COLLECTION
PILOT SURVEY
ASSUMPTION FOR STRATIFICATION
TABLE 2 ALLOCATION OF QUESTIONNAIRES (PILOT SURVEY) TO THE SIX SCHOOLS A ND THEIR VALID RETURNS
DETERMINATION OF VARIANCE
DETERMINATION OF SAMPLE SIZE
THEORITICAL FRAME WORK
CHAPTER FOUR
ANALYSIS
ANALYSIS INVOLVING TEST OF TWO MEANS
ANOVA INVOLVING TEST OF TWO MEANS
CHAPTER FIVE
FINDINGS, RECOMMENDATION AND CONCLUSION
REFERENCES
APPENDIX
QUESTIONNAIRE
CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND OF TH STUDY
Spending is referred to the total expenditure of an individual, government or an organization.
Having said this, government can spend money for projects like building of schools, construction of roads, establishments of electricity, etc and these erupt development in our country. Parents also later for the need of their children and enrich them with huge sums of money as pocket money. Some of the student’s need which propel them to spend could be enumerated thus: school fees, hotel fees, feeding, transport fares, drinks and educational materials, etc.
Taking you years backs, Nigeria had a good economy. Government and parents spent much of their money without any pains. Students and that time used money recklessly because there was a good economy and balanced with monetary value in the market.
From 1980 till now, we have been experiencing our increasing an unexpected inflation of goods
1.3 DEFINITION OF TERMS AND CONCEPTS STATUS
It is the social or professional position of somebody in relation to others:
Income:
This is the earning of an individual in taking part in production of goods and services.
Expenditure is broken into meaningful and logical categories namely:
A Food:
It is anything we eat for the nourishment and growth of the body.
B Clothing and Foot-Wears
Clothing are those things that we use to cover our body because of cold and diseases. While foot – wears are those things that we wear on our feet so as to prevent us from wound and diseases.
C. Drinks
It is either alcoholic or non-alcoholic liquor.
D. Make-ups
These include such thing as powder, pomerde, up-sticks, eye-pencil, etc.
E. Educational Materials
These are materials used for academic works like books, mathematical sets, drawing sheets, calculators, etc.
F. Projects
This includes field-works, research – work, term paper, etc.
G. Hobbies
It is occupation for one’s leisure time, for example reading, sports and listening to music.
H. Entertainment
This includes film show, parties, cinema, which we use for enjoyment and relaxation of the body.
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