Year Author Title

An analytical study of problems and

prospects of personal financial
2013 Shriniwas
planning profession in Ahmednagar
district

A comprehensive study on financial

2015 Shanmugam planning of different famalies for
their future needs in India

A Study of Financial Planning Need

2015 Karve & Mrs. H. Deogharkar
analysis.

A Study of Awareness, Attitude and

Factors influencing Personal
2017 Avni Tejas Patel Financial Planning for Residents of
Gujarat

Financial Literacy and Financial

G Surendar & V V Subramanya Planning among Teachers of Higher
2017 Sarma Education – A Comparative Study on
Select Variables
 A study of awareness of working
2017 Pandya women on financial literacy and
financial planning in Mumbai region

A Study on Awareness of Personal

2018 Dr.P.V.Mohini & Prof.P.Veni Financial Planning Among
Households in Visakhapatnam City

An assessment of financial literacy

2018 Hotwani and financial planning with respect to
investment pattern of IT professionals

A study on Financial Planning for

Retirement amongst individuals in
2005 Bowditch
select age group of 25 years to 45
years in Pune city.

Awareness and attitude of investors

2017 Avni Patel & Dr. S. Kumar
regarding financial planning.
 A research on personal financial
2018 G. Srinivasa Rao planning profession in Andhra
Pradesh.

A research on personal financial

2016 H.Y. Mohammad planning and family investment
planning.

A research on awareness among

V. Bacova, K Dudekova & L.
2017 Kostovicova
young adult regarding financial
planning for their retirement.

A research to find that whether there

2017 P. Chaurasia, Dr. P. Vijay is any impact of financial planning
impact investment decisions.

A study on effect of financial literacy

V. Krishna, Dr. R. Gupta and Dr.
2019 U.N. Lakshman
on personal financial planning in
Bengaluru.
 A research on strategies for personal
2006 H. Crankshaw
financial planning.

A research on financial planning and

2013 C. Scheresberg financial behavior among adults and
their evidence and implications.

A research on Personal financial

2010 D. S. Murphy and S. Yetmar planning attitudes among graduate
students.

The research studied an increasing

emphasis on self-funded retirement
for Australians, the increasing size of
2016 M. Cull and T. Sloan Australia’s managed funds pool,
persistent evidence of financial
illiteracy and the importance of
financial planning.

The research studied an increasing

emphasis on self-funded retirement
for Australians, the increasing size of
F. Guzman, A. Paswan, N.
2019 Tripathy
Australia’s managed funds pool,
persistent evidence of financial
illiteracy and the importance of
financial planning.
 The research studied an increasing
emphasis on self-funded retirement
for Australians, the increasing size of
F. Guzman, A. Paswan, N.
2019 Tripathy
Australia’s managed funds pool,
persistent evidence of financial
illiteracy and the importance of
financial planning.

A study on women’s financial

2019 S. Kumar, S. Tomar, D. Verma
planning for retirement.

H. Ahmed, Ak Md Hasnol Alwee The study on the framework of

2016 Pg Md Salleh Islamic financial planning.

S.W. Spolter, F. Sussan, C. Rippé, The study on the framework of

2018 S. Gould Islamic financial planning.

Study the voluntary financial planning

done by different organizations and
2007 T. Soobaroyen, R. V. Sannassee firms and focuses on locally
established organizations in a
developing country.

The research to study the financial

M. V.Búa, L. R.Ares, R. L.
2019 Sestayo, S. F. López
planning done by people for their
retirement in spain.
 The research to study the financial
M. V.Búa, L. R.Ares, R. L.
2019 Sestayo, S. F. López
planning done by people for their
retirement in spain.
 Objective Methodology

To find out the financial planning practices,

portfolio selection and investment decision Descriptive Research
enablers adopted by the investors.

To find that the Family life cycle acts as a

summary variable capturing the combined
Descriptive Research
effects of income, age and important events in
life or not.

The objective of the research was to study

pattern in which individual allocates his savings
Descriptive Research
and understand the awareness of investor about
investment avenues.

To find that respondents are aware about all

traditional Investment Avenues. Awareness
Descriptive Research
Related to Non-Conventional Avenues like
derivatives, Money Market etc.

To find the impact of Financial planning on

Descriptive Research
Teachers of Higher Education.
The contemporary research helps us to get an
understanding on the adoption of various
policies and initiatives taken by governmental Descriptive Research
and nongovernmental agencies and institutions
in empowering women.

The main objective of the study is to assess the

awareness of households on personal financial Descriptive Research
planning in Visakhapatnam city.

The objective of the study was to find

relationship between Financial literacy &
Descriptive Research
Financial Planning and Investment pattern of
individuals

The main objective of the study is to assess the

financial planning for retirement amongst Descriptive Research
different individuals.

The main objective of study was to analyze

attitude regarding personal financial planning Descriptive Research
among residents of Gujarat.
The main objective was to highlight the
strategies that they has to overcome the
Qualitative Research
challenges they encounter while working in the
personal financial planning profession.

The main objective of the study was to find that

how personal financial influence the family Descriptive Research
investment planning.

The study aimed to find the difference between

financial knowledge, personal FPR beliefs and Descriptive Research
current retirement savings.

The study proposes to study core financial habit

of making financial plan adopted by individual
Descriptive Research
investors while doing their investment planning
and its impact on the investment preferences.

The objective of this study was to find whether

there is positive impact or negative
Descriptive Research
impact/effect of financial literacy on personal
financial planning.
This research project identified principles of
practice management as applied to the personal Descriptive Research
financial planning process.

This study focuses on a specific segment of the

population: young adults age 25 to 34.
Investment opportunities have expanded
beyond national borders, permitting individuals Descriptive Research
to invest in a broad range of assets, and
borrowing opportunities, both traditional and
nontraditional, have multiplied.

The purpose of this paper is to report on a

survey about the personal financial planning Descriptive Research
attitudes of MBA students in the USA.

The study divide primary characteristics of trust

evident in personal financial planning into
seven categories namely: vulnerability and risk, Descriptive Research
feeling, honesty, faith, best interests,
accountability and competence.

This study aims to address this gap by looking

at some of the consumer-centric antecedents of
Descriptive Research
short- and long-term personal financial
planning.
This study aims to address this gap by looking
at some of the consumer-centric antecedents of
Descriptive Research
short- and long-term personal financial
planning.

The study establishes its importance by

studying the publication activities based on the
year of publication, citation analysis, research Descriptive Research
designs, data analysis techniques and findings
from the selected articles.

It combines the traditional Islamic institutions

of zakat and awqaf with contemporary notions
of financial planning, financial inclusion and Descriptive Research
financial literacy that caters to the short-term
and long-term financial goals of the poor.

They studied the behavior of the consumers to

find what kind of investment they prefer, i.e.
Debt or Equity. An online survey was
Descriptive Research
conducted by the researcher which was divided
into 5 stages and it took approx. 15 min. for a
respondent to complete.

This study focuses on a various organization

which voluntarily plan their finance in Descriptive Research
developing country

It study the driving forces of both the decision

to participate in individual pension plans and Descriptive Research
the amount of money allocated to such plans.
It study the driving forces of both the decision
to participate in individual pension plans and Descriptive Research
the amount of money allocated to such plans.
 Conclusion

It was observed that One third of respondents adopt savings as a

major tool to achieve future plans whereas the rest of the respondent
believe in investing money.

It was found out that the investors were not ready to spend time to
participate in the awareness programs organized by the regulating
authorities. Moreover, investor is not reading the fine print before
investing when they invest at the last minute to save taxes.

It was found that the investment decisions are more based on the
willingness to take the risk rather than the ability to take risk. Some
reasons for not undertaking financial planning were lack of
knowledge, waiting to have money and no clear financial goals.

It was found that respondents are aware about all traditional

Investment Avenues. Awareness Related to Non-Conventional
Avenues like derivatives, Money Market etc. is less. Attitude
towards Overall PFP is Positive whereas awareness for Retirement
Planning & Estate Planning is little low and respondents possess
little negative attitude towards them.

It was found many teachers of colleges strongly agreed that before

they buy something, they consider whether they can afford it or not.
It is also found that the majority of technical and non-technical
teachers of higher education have a high level of financial literacy
are aware of various aspects of personal financial planning and are
able to plan on their own irrespective of their subject of profession.
It was found that the basic imperatives that prevent from females to
obtain financial administration haven't been satisfactorily taken care
by the own individual self.

Three questions were prepair to measure the level of awareness on

respondent’s knowledge, skills and their views on socio economic
benefits. However, financial knowledge, alone, may not be
sufficient to convince financial well-being. Adequate knowledge
coupled with careful financial planning acts as a main forces for
long-term financial well-being of households.

It was observed that even though they have low awareness about
financial planning, but investment behavior is influenced by the
guidelines of financial planning. Like most of the respondents are
unaware of the process of reviewing their portfolio and switching
their investments in case of poor performance.

It was found that there was lack of motivation to engage in financial

planning, and the increasing responsibility of the individuals for
his/her financial situation in retirement. It was also found that the
top three objectives for the individuals in wealth creation stage are
protection against medical emergency, ensuring comfortable
retirement and provision for children’s education or marriage.

It is evident that the investors are more inclined towards certain

products as far as their Financial Planning is concerned, they
possess biased behavior towards more on traditional investment
products like Bank F.Ds, Post Office saving schemes, but they are
still not preferring Market linked securities.
It was found that the low-interest rates combined with regular
movement of the investment markets make the market competitive
for the professionals, and there is the need to satisfy increasing
requirements of the consumers. It was also seen that the numerous
challenges in the career is rewarding, and contributes to higher
chances of growth and enhancement of reputation for the
professionals in the market.

It was found that culture effect on personal financial planning have a

strong and positive impact on family investment planning. Financial
literacy also plays a major roll as it was found that people who have
knowledge about financial planning make investment in various
schemes for their personal benefit as well as for their family.

The researchers concluded that not only knowledge but beliefs

regarding domain and interconnection between them comes into
play in financial decision making.

For the research nine different investment avenues were ranked in

order of preference by the respondents namely saving bank account,
fixed deposit, small saving scheme, life insurance, mutual fund,
shares, capital market debt instrument, real estate and gold/silver
ranging from traditional products to modern day financial products.

The study examined the relationships between financial knowledge,

self-assessed confidence in financial matters, demographic factors,
income, education and financial behavior that can be identified as
best practices of financial planning with financial satisfaction.
Income has the most significant impact on financial satisfaction,
followed by financial planning, age, financial knowledge, education
and financial confidence.
There are many individuals and Financial Planners who engage each
other in the provision of this service. The monthly income (before
tax) demographic was used as an indicator of the Financial Planner
broadly applying the components of practice management. The
study describes personal financial planning as a continuous process
that requires ongoing adjustment as an individual’s “personal and
financial” information change.

It was found that income and education are positively associated

with financial outcomes: those with high income and high education
are much less likely to use high-cost methods of borrowing and are
more likely to have a stock of precautionary savings and to plan for
retirement.

It was founded that most of the student felt that financial planning is
important and are interested in doing it, and very few felt they have
necessary knowledge to develop their own plan.

It was found that the increased legislation and the behavioral and
technical competency of advisers can build consumer trust in
financial advice.

It was founded that both short- and long-term financial planning are
positively associated with non-impulsive and analytical decision-
making styles; whereas self and other orientation are only associated
with short-term financial planning
It was founded that both short- and long-term financial planning are
positively associated with non-impulsive and analytical decision-
making styles; whereas self and other orientation are only associated
with short-term financial planning

It was founded that both short- and long-term financial planning are
positively associated with non-impulsive and analytical decision-
making styles; whereas self and other orientation are only associated
with short-term financial planning

It founded the notion of a hierarchy of needs and a financial

planning model, an inclusive IFP framework that can be used by the
poor is outlined. The paper explores and offers a novel approach of
poverty mitigation by utilizing the full spectrum of IFP that
considers the financial needs and allows for the creation of a
personalized financial plan for low-income households.

It was found that financial knowledge, attitude, and perceived

control simultaneously influence Hispanic consumers intentions to
purchase financial planning products or services. These results
confirm that multiple different routes coexist in the decision-making
process, especially within the Hispanic financial planning context.

It was founded that treasurers are less focused on priorities

involving internal planning and control and are found to be using
financial planning and control practices to a limited and seemingly
unsophisticated extent.

It was found that there is great impact of socio-demographic and

economic variables among people on participation and monetary
contributions to pension plans and income of an individual plays a
non-negotiable role. It was also found that people who planned their
It was found that there is great impact of socio-demographic and
economic variables among people on participation and monetary
contributions to pension plans and income of an individual plays a
non-negotiable role. It was also found that people who planned their
retirement end up having 3 times more wealth compare to non-
planners.