Authors: Shweta Santosh Doke, Prof. Bhaskar Lendave
Abstract: This study examines the personal financial planning and saving behaviour of salaried employees, focusing on how individuals manage their income, expenses, investments, and future financial security. The primary objective is to understand the level of financial awareness, saving patterns, and investment preferences among salaried individuals. The study also explores factors influencing financial decisions such as income level, age, education, financial literacy, and risk tolerance. Data for the study is typically collected through structured questionnaires and analyzed using basic statistical tools to identify trends and patterns in saving and investment behaviour. The findings indicate that while most salaried employees recognize the importance of financial planning, many lack a structured approach to budgeting, saving, and investing. A significant portion prefers traditional saving instruments like bank deposits, while awareness and participation in modern investment options such as mutual funds and equity markets remain moderate. The study highlights the need for improving financial literacy and encouraging disciplined financial planning practices among salaried employees. It concludes that effective personal financial planning not only enhances financial security but also helps individuals achieve long-term goals such as retirement planning, wealth creation, and emergency preparedness.
DOI: https://doi.org/10.5281/zenodo.20203496
