Emi Purchases and Financial Behaviour of Young Salaried Employees in Amravati City: An Exploratory Study of Budget and Risk

ABSTRACT: Young professionals in Amravati increasingly rely on Equated Monthly Installments (EMI) to purchase consumer goods without saving upfront. This exploratory study examines how EMI affects monthly budgets and financial planning of 100 young salaried employees aged 22-45 working across sectors in Amravati city, Maharashtra. Using structured questionnaires distributed through Google Forms, data was collected on EMI usage patterns, budget allocation, savings impact, and financial stress. Results show that 54% of respondents report decreased savings ability, 64% lack emergency funds, 56% experience EMI-related financial stress, and 24% have missed payments. Chi-square analysis (χ²=17.89, p