FACTORS INFLUENCING SAVING BEHAVIOUR OF ACADEMIC STAFF IN YANGON UNIVERSITY OF ECONOMICS

The main objectives of the study are to identify the influencing factors on saving behavior of academic staff in Yangon University of Economics. The study uses the primary data from the structured questionnaires and secondary data. Primary Data is gathered from 120 (Sample 29% from the population 420) staff by using simple random sampling method. The study found that the Academic staff at Yangon University of Economics are interested in saving behavior. Moreover, they acknowledge that saving is a decent habit and they have saving record at bank. Additionally, the study observed that financial literacy and self-control influence on saving behavior of Academic staff. In this way, banks and other financial institutions need to pull in individuals to set aside cash and need to paid progressively financial information. Financial socialization procedure of Academic staff can be achieved through communication, observation and interaction with socialization with guardians and colleagues and peers. Therefore, Commercial banks need to spread the pertinent information among their peers and colleagues