The Effect of Control Variables on the Saving Motives of the Pomak Household

People have many different reasons for saving money for short or long time. The purpose of this study is to investigate whether age, gender, educational level, children’s presence and monthly income are variables affecting the saving motives of Pomak households. It was found that age and gender were significant multivariate factors influencing the saving motives. Furthermore, educational level was found to have a moderator effect on the impact of gender on the safety and self-esteem motives. These results may be useful in designing public policies to encourage increases in household saving rates by emphasizing saving for more personal desires, besides a precautionary or retirement saving purpose