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INTERNATIONAL JOURNAL OF SCIENTIFIC DEVELOPMENT AND RESEARCH International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2455-2631 | Impact factor: 8.15 | ESTD Year: 2016 open access , Peer-reviewed, and Refereed Journals, Impact factor 8.15 |
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| Paper Title: | The study of difference in awareness level of personal financial planning and its components with reference to private sector employees of India. |
| Authors Name: | Sumit Vyas |
| Unique Id: | IJSDR2011036 |
| Published In: | Volume 5 Issue 11, November-2020 |
| Abstract: | Financial planning is a very crucial aspect of one’s life, be it a business, an individual or a family everyone have certain financial goals and in order to successfully realize these goals creation of a financial plan comes into picture. The financial plan encompasses several components such as: Savings and budget management, Debt management, Insurance planning, Investment planning, Retirement planning and Tax planning. The purpose of the study is to explore the awareness on personal financial planning and the components among individuals working in private sector in India. For the study, data is collected with the help of a questionnaire to assess the respondents’ financial perspective and awareness, the respondents are categorized into two groups based on their age i.e. Below 30 years of age and Above 30 years of age. The study concludes that the above 30 age group are apparently more aware about various aspects of financial planning compared to the below 30 age group. |
| Keywords: | Finance, Personal Financial Planning, Financial Planning Components, Investment, Financial Awareness, Financial Perspective |
| Cite Article: | "The study of difference in awareness level of personal financial planning and its components with reference to private sector employees of India. ", International Journal of Science & Engineering Development Research (www.ijsdr.org), ISSN:2455-2631, Vol.5, Issue 11, page no.242 - 260, November-2020, Available :http://www.ijsdr.org/papers/IJSDR2011036.pdf |
| Downloads: | 000337064 |
| Publication Details: | Published Paper ID: IJSDR2011036 Registration ID:192721 Published In: Volume 5 Issue 11, November-2020 DOI (Digital Object Identifier): Page No: 242 - 260 Publisher: IJSDR | www.ijsdr.org ISSN Number: 2455-2631 |
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