Abstract

• Budgeting habits are important for every person. By the time students are in universities, at least they are in charge of their own finances. How well they manage their personal budget may indicate how well they will manage their company’s budget on the job. This study intends to analyze budgeting habits of undergraduate students in Yangon University of Economics. The study used descriptive and analytical methods and conducted a questionnaire survey on a sample of 375 undergraduate students. It was found that the budgeting habits of students are different based on gender. The study also showed that the significant portions of their budget are used to spend on shopping, eating out, mobile phone expenditures, attending training for their career progress, travelling on short trip with their friends and transportation. It can be seen that the majority of students lack proper budgeting habits. The study suggested that the students should know how much they can spend and how they can improve their budgeting habits.