Savings Behavior Among Private University Students in Bangladesh: A Conceptual Framework

This conceptual paper develops a comprehensive framework for understanding savings behavior among private university students in Bangladesh. Drawing on established theoretical perspectives—Theory of Planned Behavior, Life Cycle Hypothesis, and Financial Socialization Theory—the paper identifies seven key determinants of student savings behavior: financial literacy, financial attitude, peer influence, parental socialization, income/allowance, lifestyle/expenditure patterns, and self-control. The unique socio-economic context of Bangladesh, characterized by rapid economic growth, expanding private higher education, and evolving financial systems, creates distinct challenges and opportunities for student financial behavior. The proposed conceptual model integrates individual cognitive factors, social influences, and contextual variables to explain savings behavior among this population. The framework offers practical implications for policymakers, educational institutions, and financial service providers seeking to promote financial well-being among young adults in developing economies. The paper concludes by acknowledging limitations and proposing directions for future empirical research to validate and refine the conceptual model.