A Study on Spending Patterns in the Digital Era with Special Reference to Tamilnadu

Bhavadharini P.*
Saveetha Institute of Medical and Technical Science (SIMATS), Chennai, Tamil Nadu, India.
Periodicity:January - June'2023
DOI : https://doi.org/10.26634/jds.1.1.19876

Abstract

This study highlights the impact of digital payments on spending patterns and financial behavior. A structured questionnaire was used to collect data from 200 participants. The results indicate that income, age, family status, and occupation played a significant role in financial behavior and priorities. The data also revealed that many respondents faced various financial challenges, such as insufficient money, debt payments, education expenses, healthcare costs, and meeting expenses. Digital payments and financial planning have been identified as potential solutions for managing these challenges and achieving financial goals. Financial awareness and education are needed, particularly for younger individuals, to improve their financial decision-making skills, investments, and stability.

Keywords

Spending Pattern, Financial Management, Expenses, Spending Behavior, Digital Economy.

How to Cite this Article?

Bhavadharini, P. (2023). A Study on Spending Patterns in the Digital Era with Special Reference to Tamilnadu. i-manager’s Journal on Data Science & Big Data Analytics, 1(1), 31-39. https://doi.org/10.26634/jds.1.1.19876

References

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