A Study on “Awareness of Financial Planning “of Young People at Ahmadabad

Vol-2 | Issue-10 | October 2015 | Published Online: 05 October 2015    PDF ( 1 MB )
Author(s)
Brinjal A. Senjaliya 1; Priyanka G. Bhatt 2

1Student SAL Institute of Management Ahmadabad, Gujarat (India)

2Assistant Professor, SAL Institute of Management, Ahmadabad, Gujarat India

Abstract

This paper tries to find out that most individuals who have yet ensued personal financial planning were held back by their financial awareness level. In this study we attempted to link the financial awareness level of individuals with their engagement in personal financial planning. Primary data was collected in Ahmadabad City self-administered questionnaire survey, and the relationship was examined using the Graphical method. The findings suggest that in contrast to their nonfinancially literate counterparts, the readiness of the financially literate individuals is reflected in their involvement in the multiple aspects of personal financial planning. However, further exploration into public’s perceptions revealed that even though many see the significance of setting financial goals.

Keywords
Financial Planning, awareness, young people
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