Understanding Financial Decision-Making Among Fresh Graduates in Amravatis Workforce (KEY IJP************393)

• Sanket Anil Belokar,Prof. Prachi W. Nimbhorkar

Abstract

This research explores the financial decision-making of fresh graduates in Amravati, a city experiencing rapid urban growth. With rising employment and disposable income, understanding the financial management of young professionals is essential for promoting financial literacy. The study aims to identify factors affecting budgeting, saving, investing, and spending habits among recent graduates. A descriptive and quantitative approach was used, surveying 40 graduates within a year of graduation from various sectors, selected through simple random sampling. Data was collected via a structured questionnaire with closed and Likert-scale questions on income management. Analysis involved descriptive statistics and chi-square tests using SPSS. Findings show that while many graduates are aware of budgeting and saving, fewer engage in long-term planning or investment. Key influencing factors include peer behavior, family background, income level, and financial education. The study recommends incorporating financial literacy programs into academic curricula and workplace onboarding to promote responsible financial behavior.