A STUDY OF PERSONAL FINANCIAL PLANNING AND SAVING BEHAVIOUR OF SALRIED EMPLOYEES 1Shraddha Kadam 2Nikita Khandade 3Janhavi Kasar 4Omkar Khutwad

Abstract: This research paper investigates the intricate dynamics of personal financial planning and saving behaviour among salaried employees, a demographic characterized by fixed monthly inflows but increasingly complex financial obligations. In the contemporary economic environment, characterized by inflationary pressures, market volatility, and a shifting reliance from defined-benefit pensions to individual-driven retirement schemes, the necessity for robust financial discipline has never been more critical. The primary objective of this study is to examine how salaried individuals allocate their disposable income, the psychological and socio-economic factors that drive their saving habits, and the extent to which financial literacy influences their long-term wealth creation.

The study adopts a descriptive and analytical research methodology, utilizing primary data collected through a structured questionnaire administered to a diverse sample of salaried professionals across various sectors, including Information Technology, Banking, Healthcare, and Education. To ensure a comprehensive analysis, the research employs several statistical tools, including descriptive statistics, correlation analysis, and regression models, to test hypotheses regarding the relationship between demographic variables—such as age, gender, marital status, and income level—and financial decision-making.

Keywords: Salaried Employees, Saving Behaviour, Financial Planning, Investment Patterns, Financial Literacy.