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VOL. 8, ISSUE 1 (2026)
Saving habits of youngsters and the readiness for their dream vehicle
Authors
Adel Walter Joy, Abhishek K, Afsal Mohammed, Dr. M Santhanalakshmi
Abstract
In recent years, saving habits among
youngsters have gained significant attention due to increasing living costs,
rising financial independence, and growing aspirations. One of the major goals
for young individuals today is owning a personal vehicle, which represents
freedom, convenience, and social status. However, readiness to purchase a
vehicle depends not only on desire but also on financial discipline, stable
income, and careful planning. This study examines the relationship between
youngsters’ saving behavior and their preparedness to purchase their dream
vehicle. It analyzes financial literacy levels, spending patterns, awareness of
vehicle-related costs, and reliance on loans or personal savings. The findings
emphasize the importance of structured saving habits, long-term financial
planning, and responsible decision-making to achieve financial goals without
creating unnecessary debt burdens. The study also provides insights for
educational institutions, policymakers, and financial planners to encourage
financial literacy and goal-oriented saving among youth.
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Pages:102-104
How to cite this article:
Adel Walter Joy, Abhishek K, Afsal Mohammed, Dr. M Santhanalakshmi "Saving habits of youngsters and the readiness for their dream vehicle". International Journal of Management and Commerce, Vol 8, Issue 1, 2026, Pages 102-104
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