The Relationship between Saving behaviors, Savings Plans and the Happiness of Employees in the Seventh Day Adventist Foundation
Article Sidebar
Main Article Content
Abstract
The aim of this research is to 1) investigate the relationship between saving behavior, motivational savings, and savings decisions, and happiness for employees in Seventh Day Foundation in Thailand, and 2) study the relationship between savings plan and income plan. Employees of the Seventh Day Adventist Church Foundation in Thailand use income planning, cost planning, savings planning, debt burden and life happiness. The sample consisted of 284 Seventh Day Adventist Church Foundation employees who were selected by stratified random sampling. The instrument used to collect the data was a questionnaire. Statistics used in data analysis were frequency, percentage, mean, standard deviation, correlation analysis, and multiple regression analysis. The results of the study showed that saving behavior, in terms of saving motivation and saving decisions, was positively correlated with life happiness. As for the planning of savings, income, savings, and debt burden were positively correlated with life happiness. As for the planning of savings, income, savings, and debt burden were positively correlated with life happiness. However, it was found that the cost savings plan had no relationship with the happiness of the employees at the Seventh Day Adventist Church Foundation. The summary of research findings and suggestions from the research are beneficial to employees and should be used as basic information for planning savings in order to be happy in life.
Article Details
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
บทความที่ได้รับการตีพิมพ์เป็นลิขสิทธิ์ของวารสาร สักทอง : วารสารมนุษยศาสตร์และสังคมศาสตร์ สถาบันวิจัยและพัฒนา มหาวิทยาลับราชภัฏกำแพงเพชร
ข้อคิดเห็นใดๆ ที่ปรากฎในวารสารเป็นวรรณกรรมของผู้เขียนโดยเฉพาะ ซึ่งมหาวิทยาลัยราชภัฏกำแพงเพชรและบรรณาธิการไม่จำเป็นต้องเห็นด้วย
References
Ayuwat, D., Hongngam, J., Saranritthichai, K., Chamnanmak, R., Narongchai, W. & Uraiampai, N. (2019). Happiness in the life of the elderly at Northeast. Journal of Langeuage, Religion and Culture, 8(1), 136-155. [In Thai]
Butbumrung, C. (2012). The Income and Pattern of Saving for Readiness toward Old-age of People Age between 30-40 years in Dusit District Bangkok. Research Report. Bangkok : Suan Sunandha Rajabhat University. [In Thai]
Chadjapoh, T., Pimsalee, T., Somasri, P. & Suthipong, A. (2020). Factors related to savings habits of accounting students faculty of management science, Udon Thani Rajabhat University. Udon Thani : Udon Thani Rajabhat University. [In Thai]
Chaikantha, S. (2020). Financial Planning of Working People in Bangkok. [Online]. Available : https://mmm.ru.ac.th/MMM/IS/twin-9/6214154086.pdf [2022, December 12]. [In Thai]
Chaisiri, N., Noknoi, C. & Suwanvijit, W. (2019). Factors Affecting Saving Behavior of the People in Songkhla Province. Narkbhutparitat Journal Nakhon Si Thammarat Rajabhat University, 11(3), 129-136. [In Thai]
Changwattanakun, S. (2016). Influence Factors to Saving Behavior of the Satun People. Minor Thesis in Master of Business Administration, Prince of Songkla University. [In Thai]
Hair, J.F., Black, W.C., Babin, B.J. & Anderson, R.E. (2009). Multivariate data analysis. Upper Saddle River, New Jersey : Prentice Hall.
Hulin, C., Netemeyer, R. & Cudeck, R. (2001). Can a Reliability Coefficient Be Too High. Journal of Consumer Psychology, 10, 55-58.
Jamroon, M. (2017). Factors Affecting Saving Decision in National Saving Fund of Informal Employees in Bangkok. Thesis in Master of Business Administration. Rajamangala University of Technology Thanyaburi. [In Thai]
Karunapen, S. (2017). Factors affecting saving level and saving behavior of Gen Y. Independent Study, Master of Business Administration, Faculty of Commerce and Accountancy, Thammasat University. [In Thai]
Kladkerd, S. (2008). Factors affecting consumer saving behavior for future expenditure of the people in Bangkok. Master of Business Administration, Suan Sunandha Rajabhat University. [In Thai]
LaMorte, W.W. (2021). PH717 Module 9-Correlation and Regression Evaluating Association Between Two Continuous Variables. [Online]. Available : https://sphweb.bumc.bu.edu/otlt/MPH-Modules/PH717-QuantCore/PH717-Module9-Correlation-Regression/PH717-Module9-Correlation-Regression_print.html [2023, May 31].
Meeampol, T. (2014). The effect of financial literacy and saving behavior on retirement planning: a case study of working-age people in Bangkok. Faculty of Commerce and Accountancy, Thammasat University. [In Thai]
Morchad, K. (2015). Attitude towards saving money that affects the savings decision of MBA Student Ramkhamhaeng University. Thesis in Master of Business Administration. Ramkhamhaeng University. [In Thai]
Pimonratanakan, S., Jituea, N. & Chantuk, T. (2017). Motivation factors for money saving environment saving and attitude saving which affect collect of logistics and supply chain Suansunandha Rajabhat University students saving behavior. Srinakharinwirot Business Journal, 8(2), 26-41. [In Thai]
Rungsrisumphan, P. (2018). The relationship between the behavior and attitude of the savings bank customers Big C Bangpakok, Bangkok. SSRU Journal of Public Administration, 1(2), 48-56. [In Thai]
Sangwichitr, K., Saengkassanee, T., Jirathumrong, P., Intara, P., Sangsuwan, S. & Cheejaroen, P. (2018). A Comparison of Knowledge and Behaviors of Prince of Songkla University Students in Personal Financial Planning Before and After Attending a Personal Finance Course. Hatyai Academic Journal, 17(2), 127-141. [In Thai]
Sereetrakul, W. (2014). Factors Predicting Saving Behavior of Students in Bangkok Metropolitan Area. Suthiparithat, 28(85), 300-315. [In Thai]
Soonthornchai, P., Apichotethanakul, R. & Nikornpittaya, K. (2017). Factors Influencing Personal Financial Planning Based on the Sufficiency Economy Principle of the People in Mueang District, Maha Sarakham Province. [Online]. Available : http://research.rmu.ac.th/rdi-mis//upload/fullreport/1615218723.pdf [2022, December 12]. [In Thai]
Sooyson, B. & Jitnomrat, T. (2020). A Study of the Effects of Personal Finance Planning on Personal Financial Efficiency: A Study of Commercial Bank Customers in Bangkok. [Online]. Available : https://grad.dpu.ac.th/upload/content/files/year8-1/8017.pdf [2022, December 14]. [In Thai]
Sripanom, S. (2016). Factors Affecting Saving Behavior of the Members of Chanthaburi Teacher Saving & Credit Cooperative/Saving Behavior. Thesis in Master of Business Administration. Burapha University. [In Thai]
Sujsen, A., Thadthiam, N., Chiraratanachot, K. & Chomchit, K. (2018). Study the image of tourist attractions in Nakhon Si Thammarat Province, according to the opinions of foreign tourists. Pathumthani University Academic Journal, 10(2), 234-246. [In Thai]
Sukcharoensin, S. (2021). Money, Happiness and Saving. [Online]. Available : https://www.posttoday.com/finance-stock/columnist/649142 [2022, December 14]. [In Thai]
Supakitvanitchkul, A. (2015). Savings Behavior and Financial Management Before the Retirement Case Study of The Staffs in Silpakorn University, Sanamchan Campus, Nakhon Pathom. Thesis in Master of Business Administration, Graduate School, Silpakorn University. [In Thai]
Supakitvanitchkul, A. & Phasunon, P. (2016). A Comparison of savings behavior and the financial management before the retirement. Case study of the staffs in Silpakorn University, Sanamchan campus. Veridian E-Journal, 9(2), 375-389. [In Thai]
Vanichbuncha, K. (2002). Statistical Analysis: Statistics for Administration and Research. (6 th ed.). Bangkok : Thammasarn Company. [In Thai]
Wikipedia. (2023). Seventh-day Adventist Church. [Online]. Available : https://en.wikipedia.org/wiki/Seventh-day_Adventist_Church [2023, May 31]
Wongchan, R. (2012). Personal Financial Management. Bangkok : The Stock Exchange of Thailand. [In Thai]
Yamane, T. (1973). Research Methodology/Sample Size. Florida : University of Florida.
Yinglert, P. & Laosuthi, T. (2022). Factors Affecting Behavior of Saving and Debt Creation of Working Age before and after the Outbreak of the COVID-19 Virus. Journal of Modern Learning Development, 7(8), 175-195. [In Thai]