ACAF120

A REPORT ON THE SPENDING HABIT

AMONG STUDENTS OF ACAF 120

Prepared by: Bùi Thị Thanh Trúc- 22055676-

Final assignment

A student from: ACAF120

Prepared for: Phạm Thị Tuyết Mai

May 15, 2023

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TABLE OF CONTENTS

SUMMARY.............................................................................................................................page 3

INTRODUCTION...................................................................................................................page 4

FINDINGS...............................................................................................................................page 5

I. Data Collection..................................................................................................................page 5

II. Data Analysis...................................................................................................................page 5

CONCLUSION AND RECOMMENDATIONS....................................................................page 9

APPENDICES.......................................................................................................................page 10

BIBLIOGRAPHY..................................................................................................................page 16

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SUMMARY

This report was to describe the spending habit among ACAF120 students.

The investigation was done by questionnaire.

The main findings were that the majority income of students come from part time/ full time jobs

and family allowance.

It was concluded that their spending habit was influenced mostly by the outside factors.

The recommendations are that ACAF120 students should learn how to improve their financial

management skills.

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INTRODUCTION

1. Purpose

The purpose of this report is to analyze the spending habit of ACAF120 students and to

find out their source of income, their monthly spending habit, the factors that influence

their spending habit and provide some suggestion to improve their financial management.

2. Scope

The report examines students in the ACAF120 class. It does not examine all students in

UEB-VNU students because research in a small range can help the students get the

information exactly about the students point of view in their spending habit.

3. Sources

The information for this report was gathered from the following sources:

 Distribute survey questionnaire to 25 students

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FINDINGS

I. Data collection

In order to find out the students’ evaluation on spending habit, the questionnaire was used

as an instrument to help getting fast and accurate result and easy creating charts. The

questionnaire has 7 questions, from 1 to 7 are the multiple choice questions, in questions

number 1 and 7 include an open ended choice for students to answer with their own

opinions.

Questionnaires were delivered to 25 participants on 10 May, 2023. It took the

participants about 5 minutes to finish their surveys. Right after that, 25 questionnaires

were collected by the researcher.

II. Data Analysis

Question 1:

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Figure 1. The source of their income

The bar chart demonstrates where their monthly income from. Students get their funds

from Allowance from family and Part time, full time jobs are higher than other sources.

The chart show a small quantity of students have Scholarship, only 16%, which made up

close to one-fifth of Allowance from family percentage. Turning to Their own business

with only 12% and no pupil gets finances from their boyfriend or girlfriend.

Question 2:

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Figure 2. Their monthly income

The pie chart indicates how much money students have on a month. Overall, the

proportion of students have From 2 millions VND to less than 4 millions VND is 52%,

being the highest. Followed after that is Less than 2 millions VND with 24% and From 4

millions VND to less than 6 millions VND with 20%. Meanwhile the percentage of

students having More than 6 millions VND is the least, only 4%.

Question 3:

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Figure 3: Their spend in an average month

The pie chart illustrates the percentage of how much students spend in an average month (

excluding their school tuition fee). Students spending From 2 millions VND to less than 4

millions VND occupied the highest proportion, which is 56%. The following is pupil

spend Less than 2 millions VND with 28% and From 4 millions to less than 6 millions

with 12%. Meanwhile those who spend More than 6 millions VND only take 4%.

Question 4:

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Figure 4: Their place they spend money on

The data above shows the proportion of what ACAF120 students spend their budget on

from least to most with 9 necessities: Transportation, Accomodation, Entertainment,

Groceries, Health-care, Eating out, Clothes or Shoes, Give to parents and Gitfs for

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boyfriend of girlfriend. Accomodation is the least money consuming of all. Students

mostly spend their money on Health-care, Groceries and Clothes or Shoes.

Question 5:

Figure 5. Factors impact their spending habit

The bar chart demonstrates the information of what impact on their monthly spending

habit. The factor impacts them the most is Parents give more or less money, the second

one is the Sale events of shopping apps, the third one is from Unexpected events and the

one that impact the least to their budget is Sell a few products. Those who do not have

their own business, the factor impact the least to their monthly disburse is Care about

people opinions when buy things.

Question 6:

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Figure 6. Percentage of their saving in a month

The pie chart shows the percentage of money students can save in a month. It is evident

that students saving Less than 10% and From 10% to less than 30% is equal with 40%.

Those who save From 30% to less than 50% takes 20% of all, and no students save More

than 50% of money in a month.

Question 7:

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Figure 7. Ways to improve their financial management skills

The bar chart indicates students’ choice of suggestions to improve their financial

management skills. 88% of them choose to Avoid unnecessary spending. Followed by

Look carefully to find the best value of the products and Have a plan for budget, both

with exactly 64%. Finally, Save and invest with only 48%, the lowest point among 4

suggestions.

CONCLUSION AND RECOMMENDATIONS

The main conclusion that can be drawn is therefore that most of ACAF120 students have their

sources of income from allowance of family and part time, full time jobs. Besides, the spending

habit of them is average from 2 millions VND to less than 4 millions VND, mostly on health-

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care, groceries, clothes and shoes. In addtition, three main factors that influence their spending

habits are: parents give more or less money, sale events from shopping apps and unexpected

events like wedding or birthday. In a month, students often save less than 10% or from 10% to

less than 30% of money from their budget. To sum up, it is necessary to improve one’s own

financial management skills, the solution to financial problems are to avoid unnecessary

spending, have a vision for your budget and look carefully to find the best value of the products.

From these conclusions, it is therefore recommended that this analysis focus on the income and

the spending habits of Foreign Trade Univeristy students with the statistical method combined

with tables, charts and graphs. According to the graph, mainly students are supported 1-2 millions

VND a month. Female students are mainly supported in the range of 1-2 millions VND, while

male students are provided in the range of 2-3 million VND. The percentage of male students

who receive more than 3 millions VND a month from their family is higher than the rate of

female students. Statistics show that students have an average monthly expenditure of 1-2

millions VND. In general, in terms of spending habits, female students spend more than male

students, however, there is a difference in the percentage of students who spend more than 3

millions VND a month, the percentage of female students with this spending level much less than

the percentage of male students.

TOTAL WORD COUNT: 1124

APPENDICES

APPENDIX 1: Survey

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SPENDING HABIT

I am Bui Thi Thanh Truc. As a concerned student, I would like to know more about the spending

habits of my classmates. I believe that this information will be useful in helping us understand

how to manage our finances better and improve our financial literacy. 

In this regard, I would like to request you to kindly answer the following question:

1.Where do your monthly come from?

a. Allowance from family

b. Part time/ Full time job

c. Scholarship

d. Your own business

e. From your boyfriend/ girlfriend

f. Other ( please specify) ……………..

2. How much money do you have in a month?

a. Less than 2 millions VND

b. From 2 millions VND to less than 4 millions VND

c. From 4 millions VND to less than 6 millions VND

d. More than 6 millions VND

3.How much do you spend in an average month? ( excluding school tuition fee)

a. Less than 2 millions VND

b. From 2 millions VND to less than 4 millions VND

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c. From 4 millions VND to less than 6 millions VND

d. More than 6 millions VND

4.On a monthly basis, what do you spend most of your money on? On a scale 1- 9 ( 1 being the

least, 9 being the most)

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5.What factors impact your monthly spending habits? On the scale 1- 4 ( 1 being the least, 4

being the most)

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6. How much percentage of money do you save in a month?

a. Less than 10%

b. From 10% to less than 30%

c. From 30% to less than 50%

d. More than 50%

7. Which would you like to use to improve your financial management skills ( you can choose

more than one)

a. Avoid unnecessary spending

b. Look carefully to find the best value of the products

c. Have a plan for your budget so you don’t overspend

d. Save & invest your money

e. Other ( please specify)…………………………

APPENDIX 2:

Figure 1:

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Figure 2:

Figure 3:

Figure 4:

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Figure 5:

Figure 6:

Figure 7:

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WORK CITED

Nghiên cứu về tình hình chi tiêu của sinh viên đại học Ngoại thương ( 28/11/2015)

https://123docz.net/document/3196434-nghien-cuu-ve-tinh-hinh-chi-tieu-cua-sinh-vien-dai-hoc-

ngoai-thuong.htm

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Subject: FOUNDATION II: CONTINUING THE JOURNEY

Subject Code: ACAF120

ASSIGNMENT - SCORE SHEET

Score

Marking criteria Very Good Average Poor Very

good poor

Clear description of the situation (/2.5) 2.5 2.0 1.5 1.0 0.5

Objective presentation and analysis of relevant 2.5 2.0 1.5 1.0 0.5

information (/2.5)

Appropriate style – formal and objective (/1) 1.0 0.8 0.6 0.4 0.2

Correct spelling and punctuation (/1) 1.0 0.8 0.6 0.4 0.2

Appropriate and varied vocabulary (/1) 1.0 0.8 0.6 0.4 0.2

Accurate grammar and varied sentence 1.0 0.8 0.6 0.4 0.2

structures (/1)

Proper format and citing of references (/1) 1.0 0.8 0.6 0.4 0.2

FINAL SCORE /10

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Note: if the assignment does not reach the minimum word limit or exceeds the allowed number of

words by 10%, one point will be deducted from the final score.

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