A Study on Awareness of Personal Financial Planning AmongHouseholds in Mehsana City

Abstract

Financial awareness helps individual investors to
understand and make successful use of financial resources
to provide financial security to themselves and their family.
The purpose of the study was to know the awareness of
personal financial planning among households in Mehsana
city. This research work is based on the survey method.
For the current research 50 samples have been taken from
Mehsana city of North Gujarat by Convenience Sampling
method to investigate resident’s attitudes and awareness
towards personal financial planning by questionnaire
method. We asked residents about their level of
knowledge, whether they prepared any components of a
financial plan and, do they need any kind of assistant into
selecting a financial planner. Simple Statistical tools are
utilized for the examination of this study. Awareness level
has been tested by a different group of age, gender,
education level, different job type, work experience, and
income. The result of this study is generalized to small
residents of Mehsana city which shows that more people
are interested in personal financial planning and unable to
prepare their own personal financial plans