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Research Paper | Financial Management | Volume 14 Issue 12, December 2025 | Pages: 513 - 522 | India
Impact of Digital Payment Usage, Budgeting Discipline, and Financial Goal Setting on Personal Savings Behavior of MBA Students
Abstract: The rapid incorporation of digital payment platforms has changed how consumers manage their finances, especially among tech-savvy MBA students. The purpose of this study is to investigate the combined impact of the use of a digital payment platform, budgeting discipline, and setting financial goals on the personal savings behaviors of students in an MBA program. Using a quantitative, cross-sectional research design, primary data were collected from 102 respondents, through a structured questionnaire that captured behaviors across three key financial behaviors. Reliability tests indicated high internal consistency (Cronbach?s ? = 0.860) supporting use of the instrument with students. Correlations indicated that digital payment convenience is conducive to tracking expenses, budgeting discipline helps mitigate overspending, and with respect to consistent saving behavior, financial goal setting was the strongest predictor of the three behaviors measured. Factor analysis (KMO = 0.715, p < 0.001), found that the data was suitable to extract components, revealing three strong dimensions of lower order behaviors. Regression tests revealed that financial goal-setting and budgeting-related factors are significant contributors to the construct of savings behavior, explaining a total of 31% of the variance in savings behavior. In conclusion, the results indicated that while digital payment is an enabler of savings behavior, understanding how budgeting behavior and setting financial goals drives successful savings was more informative and essential. The study highlights the importance of integrating modules on financial goal-setting in financial literacy programs and to use digital tools to enhance both the tracking of expenses and saving, and effort towards disciplined money management among peer students.
Keywords: Digital Payment Usage, Budgeting Discipline, Financial Goal Setting, Personal Savings
How to Cite?: Pranesh P, Raj Navin, "Impact of Digital Payment Usage, Budgeting Discipline, and Financial Goal Setting on Personal Savings Behavior of MBA Students", Volume 14 Issue 12, December 2025, International Journal of Science and Research (IJSR), Pages: 513-522, https://www.ijsr.net/getabstract.php?paperid=SR251206214336, DOI: https://dx.dx.doi.org/10.21275/SR251206214336