“Saving vs Investing: A Comparative Study of Financial Habits”
Article Sidebar
Main Article Content
This paper presents a comparative analysis of saving and investing behaviour to examine how financial literacy, income level, risk perception and demographic characteristics influence individual financial decision-making. The study is based on primary data collected from 120 respondents in selected areas of Pune city through a structured questionnaire. Descriptive statistical tools, including percentages, tables and graphical analysis, were employed to analyse and interpret the data.
The results reveal that traditional saving instruments such as bank savings accounts and fixed deposits remain the most preferred avenues due to their safety, liquidity and low risk. However, an emerging inclination towards investment options such as mutual funds and equities is observed, particularly among younger and well-educated respondents. Despite this trend, investment participation is restricted by factors such as inadequate financial knowledge, fear of market volatility and limited disposable income.
The study finds that a majority of respondents consider a balanced combination of saving and investing to be the most effective approach for long-term wealth creation and financial security. The paper emphasizes the need for enhanced financial literacy, early investment awareness and accessible investment products to promote informed and sustainable financial behaviour. The findings provide valuable insights for policymakers, financial institutions and educators in developing strategies to improve individual financial well-being.
Downloads
References
S. Gupta, “Financial literacy and other factors influencing investment behaviour,” Journal of Financial Studies, vol. XX, no. X, pp. XX–XX, 2023.
P. Jaiswal, “A comparative study of investment pattern of salaried individual investors in Western India,” International Journal of Research in Finance, vol. XX, no. X, pp. XX–XX, 2023.
B. B. Jumena, S. Siaila, and J. R. Widokarti, “Saving behaviour: Factors that affect saving decisions (systematic literature review approach),” Journal of Economic Behaviour, vol. XX, no. X, pp. XX–XX, 2022.
S. Ganapathi, “Understanding the investment behaviour: A review of literature,” International Journal of Management Studies, vol. XX, no. X, pp. XX–XX, 2022.
F. Lima, C. Lopes, and R. Martinho, “Savings and financial literacy: A selected review,” Journal of Financial Literacy, vol. XX, no. X, pp. XX–XX, 2021.
V. Soin and R. Vaishali, “Saving and investment pattern of individuals,” International Journal of Commerce and Management, vol. XX, no. X, pp. XX–XX, 2021.
N. Thard, “Savings and investment behaviour of university teachers: A study of government owned universities of Assam,” Asian Journal of Economics, vol. XX, no. X, pp. XX–XX, 2020.
A. K. Chhajer, “Impact of financial inclusion on savings and investing behaviour of rural society,” International Research Journal, vol. XX, no. X, pp. XX–XX, Aug. 2018.
M. D. Thampatty, “The savings and investment pattern of women working in organized and unorganized sectors in Kerala,” Journal of Gender Studies, vol. XX, no. X, pp. XX–XX, 2018.
P. A. Ganpatye, “A study of savings and banking habits among youths,” International Journal of Social Sciences, vol. XX, no. X, pp. XX–XX, 2018.
S. Kamboj, “A study of financial literacy and its impact on investment behaviour,” International Journal of Financial Research, vol. XX, no. X, pp. XX–XX, 2017.
This work is licensed under a Creative Commons Attribution 4.0 International License.
All articles published in our journal are licensed under CC-BY 4.0, which permits authors to retain copyright of their work. This license allows for unrestricted use, sharing, and reproduction of the articles, provided that proper credit is given to the original authors and the source.