Influence Of Parental Financial Behaviour on The Overall Wellbeing of Girl Child

Abstract

This research looks into the financial planning practices of parents in Dibrugarh Town, India, with an emphasis on the ways in which different demographic characteristics affect the decisions they make about investments and saving for the future of their daughters. Three main goals form the framework of the study: It begins by examining the effects of parental age on the investing and saving techniques that younger and older parents prefer. Second, it explores parents' particular saving habits, including the percentage of their yearly income that they set aside for their daughters, the sums they hope to accumulate, and the financial instruments—such as savings accounts, fixed deposits, and other conventional investment tools—that they favour. Lastly, the study evaluates the influence of parental income and education on the choice of investing and saving techniques. Through an analysis of these variables, the study seeks to provide insightful information on how parents' financial choices affect their daughters' long-term financial stability, highlighting the necessity of tailored financial education to enhance families' financial planning efforts.