Factors Affecting Savings Success of People in Buriram Province

Abstract

        The study on factors affecting the savings success of people in Buriram Province aims to examine the saving behavior of residents, the factors influencing their savings success, and ways to improve saving practices. The sample comprised 400 residents living in Buriram Province. Descriptive statistics, such as mean and standard deviation, were used, along with hypothesis testing of personal factors. The chi-square (χ²) statistic was employed to test the relationship between saving behavior and savings success.

        The study found that key factors associated with successful savings include age, household size, education level, monthly expenses, monthly income, and savings techniques. Specifically, individuals with monthly expenses ranging from 30,001 to 40,000 baht had the highest percentage of successful savings. Additionally, those with higher monthly incomes and those who employed pre-expenditure savings techniques tended to achieve greater savings success. The research indicates that monthly expenses significantly impact savings. Groups with high expenses but who managed their income effectively to save were the most successful, likely due to financial discipline and careful spending plans. Moreover, adopting savings techniques, such as saving before spending, is another crucial factor enhancing savings efficiency.