A Study of Personal Financial Management in Young Professionals in Amravati City

ABSTRACT Personal financial management plays a crucial role in ensuring financial stability and long-term economic well-being, especially among young professionals who are at the early stages of their careers. This study aims to examine the personal financial management practices of young professionals residing in Amravati City. The research focuses on budgeting habits, saving behavior, investment preferences, debt management, and financial awareness levels. A descriptive research design was adopted, and primary data were collected through a structured questionnaire administered to 120 young professionals aged between 22 and 35 years. Secondary data were sourced from journals, books, reports, and online publications. Statistical tools such as percentage analysis, tables, and charts were used for data interpretation. The findings reveal that while most young professionals are aware of basic financial concepts and regularly save a portion of their income, there is limited participation in long-term investment instruments and a lack of professional financial planning. The study highlights gaps in financial literacy and risk management practices. The research concludes that enhanced financial education, workplace financial training programs, and access to professional financial advisory services can significantly improve personal financial management among young professionals. The study provides valuable insights for policymakers, educational institutions, and financial service providers to design targeted financial literacy initiatives. Keywords Personal Financial Management, Young Professionals, Financial Literacy, Savings and Investment, Amravati City.