The Relation of Income and Spending behaviour among Women Teachers in Kodagu District of Karnataka

Abstract

Purpose: Having the capacity to effectively manage one's financial resources is critical to achieving success in one's life. Every member of society, especially women, should make it a priority to develop and implement efficient ways for managing their finances. The findings of the research have demonstrated that the capacity of women to manage their finances is a critical factor in determining their spending behaviour. When it comes to having a good handle on one's personal finances, one of the most important rules to follow is to save money for the future and spend less than one earns. When you pay close attention to the things that you purchase on a monthly basis, you can easily detect any money that is left over, which can help you raise rate of savings for retirement, emergency fund, and even net worth. But the reality is that a lot of people are not successful in budgeting their salary and saving more money. Because of this, the purpose of this research paper is testing the relationship between income and spending behaviour of women teachers in Kodagu district. Design/Methodology: The study uses both primary and secondary data and looks at how wealth influences the spending habits of female instructors. Structured questionnaires were distributed to women teachers in various institutions around the Kodagu area to collect primary data. Secondary data were gathered from websites, journals, newspapers, magazines, publications, and case studies. The created conceptual model is empirically validated and examined utilising the ABCD analytical approach. Originality/value: The relation of income in influencing spending behaviour and how financial literacy affects spending behaviour of women teachers in Kodagu district, the study findings provide to a deeper understanding of complex interplay between women teachers' salary levels, financial literacy, and spending behaviour, which can inform policy development, educational activities, and support systems aimed at enhancing their financial well-being. Paper type: Empirical research.