BVIMSR’s Journal of Management Research Vol. 8 Issue - 1 : April : 2016 64 Introduction India is the second largest country of Asian subcontinent in terms of area and population. India is amongst the fastest growing country in the world and major contributor in growth of technology around the world. The modern technology driven era has changed teaching and learning processes by leaps and bound. One of the significant changes that have taken place in the area of education system of India is usage of smart phones for learning. This has brought about ease of connectivity and learning at our own convenience. Higher Education is under the high impact of use of internet and smart phones, as students needs to do research projects, assignments, case studies, problem solving and knowledge sharing by using social networking sites. Now a day everything related to the study of higher education is available on internet. Technology has made life simpler by bringing internet and mobile together in form smart phones. Internet has engraved a huge impact on the minds of students and now students can’t think about a life without smart phones. Hence it was felt that a study for studying the impact Of Student Engagement in Internet Usage and their Spending of Money must be undertaken. Objectives 1. To study the students engagement in smart phones usage. 2. To examine the spending of money on the internet usage. 3. To study the factors that affect student’s engagement in smart phones usage. 4. To find out the effective area of student engagement on internet. Literature Review Since the advent of the iPhone in early 2007, users could experience the functionality of personal computers on pocket-sized devices. These so-called “smartphones” and their associated mobile software “applications” or “apps” are becoming increasingly ubiquitous in our daily life. According to Mobilewalla.com, a website dedicated to cataloging and rating apps, the one millionth app was made available to users in December, 2011. Even with many of these apps being duplicates, or slight variations created for different devices (e.g., an app created for the iPhone and the iPad would be counted twice), that is an incredible explosion of interest for such a new industry. The growth in mobile apps has shown no signs of IMPACT OF STUDENT ENGAGEMENT IN INTERNET USAGE AND THEIR SPENDING OF MONEY: WITH SPECIAL REFERENCE TO SMART PHONES Dr. Manisha Dubey Shukla, (manishadubeylko@gmail.com) Dr. Govind P. Shinde, (drshindegp@gmail.com) Bharati Vidyapeeth's Institute of Mnagement Studies & Research, Navi Mumbai Abstract This paper is undertaken to examine the Student Engagement in Internet Usage and their Spending of Money using smartphones in the area of Navi Mumbai. The main objective of the study was to find out for what purpose students are using internet on smart phones and how much they are spending on it. A structured questionnaire method was followed to collect the data from the respondents. A sample of 156 students studying in post graduate course was selected. Findings are based on the data collected from the post graduate students, further it is analyzed by using the appropriate statistical tools. The study reveals that the students are using internet on smart phones primarily for the study purpose and secondly for the social networking. Internet on smart phone is a symbol of status and pride for the today’s generation and hence they are ready to spend huge amount of money on it. Keywords: Smart Phone, Students, Learning, Knowledge, engagement and Usage