Determinants Of Students' Spending Habits: A Case Study of Students at a Premier University of African Scholarship.

This study investigated factors that influence the spending habits of university students. The study utilised primary data collected through structured questionnaires from a sample of 479 students from the College of Humanities and College of Law and Management Studies at the University of KwaZuluNatal. Nine independent variables, namely, financial knowledge, financial attitude, gender, age, financial aid, years at university, racial groups, family background and course of study, were regressed against spending habits; the dependent variable. Data analysis was conducted using descriptive statistics, cross-tabulation, Chi-square tests, and binary logistic regression.. The study found that financial attitude has a significant influence on students' spending habits. The study found no statistically significant difference in the spending habits of male and female students; students majoring in business and nonbusiness-majors and among different racial groups.