PUBLIC SERVANTS AND PERSONAL FINANCE: KEY FACTORS BEHIND SAVING ATTITUDES

Purpose: The crucial emphasis of this study is to analyze monetary saving factors that are mostly affecting the attitude of government employees towards monetary saving. Specifically to find out the relation between income, consumption, interest rate, current investment level and inflation. Design/methodology/approach: Descriptive and explanatory research method was applied. Thereby, stratified random sampling was deployed with cross-sectional method of contact. Findings: The finding of multiple regression of this study revealed that p-value of investment and inflation is 0.059 and 0.211 which is greater than 5% thus the two independent variables have no significant relationship with the dependent variable that approves the null hypothesis of investment and inflation in this study with its corresponding hypothesis 'Ho: No relation between investment and saving of government employees and 'Inflation does not affect saving of government employees.' respectively. On the other hand, 0.000, 0.000, 0.041 are the p-values of consumption, income and interest rate respectively infer that corresponding variable (Consumption, income and interest rate) and the dependent variable have a linear relationship or the described independent variables have a significant contribution for the dependent variable (attitude of monetary saving). Practical implications: Finally, the study revealed that the overall monetary saving and consumption optimization of government employees was found to be very low. Therefore, all responsible individuals, saving institutions, stakeholders and government bodies are highly expected to deploy appropriate and essential mechanisms that might enhance the monetary saving status of citizens. Originality/Value: The ultimate goal of the study is to investigate factors affecting the attitude of government employees towards monetary saving to provide optimal solutions for problems related to this