Saving Behaviour of Rural Youth: A Case Study...

Saving Behaviour of Rural Youth: A Case Study in Mangalam Village

Author Name : Sasi. C, Dr. K. M Francis, Dr. Sabu J

ABSTRACT

Saving is the income not spent, or deferred consumption. Methods of saving include putting money aside in, for example, a deposit account, a pension account, an investment fund, or as cash. Saving also involves reducing expenditures, such as recurring costs. In other ways it is defined as the income left after consumption. First and foremost, saving money is important because it helps protect the people in the event of a financial emergency. Additionally, saving money can helps to pay for large purchases, avoid debt, reduce your financial stress, leave a financial legacy, and provide you with a greater sense of financial freedom. Along with that, the people can hold off their money in various terms like gold, financial securities and like things. The liquid saving is in the form of bank deposits, Chitti’s, Hundis, Neighbourhood savings, local funds…etc. This may equip the people to face the financial emergencies in future.

Keywords: Saving, Financial emergency, financial securities.