Financial Management Survey Report

FINANCIAL MANAGEMENT FOR NEW VENTURES
SURVEY REPORT
INTERNAL ASSIGNMENT
SEMESTER V
TOPIC-FINANCIAL DISCIPLINE
Introduction
This report presents an analysis of survey responses collected from 49 participants regarding
various aspects of personal and business finance. The survey aimed to gather insights into
financial habits, investment strategies, credit management, and cybersecurity practices. By
examining the responses, we aim to understand the prevalent financial behaviors and identify
areas where further education or support might be needed.
In today's dynamic economic landscape, financial discipline has become a critical factor in
achieving long-term stability and success. Understanding how individuals and organizations
manage their finances is essential for both personal growth and institutional efficacy. This survey
report aims to provide a comprehensive analysis of financial discipline practices among various
demographics, shedding light on key trends, challenges, and areas for improvement.
Our research delves into the habits and attitudes toward budgeting, saving, investing, and debt
management. By examining these elements, we aim to uncover the underlying factors that
influence financial behaviors and to offer actionable insights that can help enhance financial
management strategies.
The findings presented in this report are based on a diverse sample of respondents, reflecting a
wide range of economic backgrounds and financial situations. Through a combination of
quantitative data and qualitative feedback, we strive to present a nuanced view of financial
discipline practices and their impact on overall financial well-being.
We hope this report serves as a valuable resource for individuals seeking to improve their
financial habits, as well as for organizations aiming to foster a culture of financial responsibility.
As we navigate through the results, our goal is to inspire informed decision-making and promote
better financial practices across all sectors.
1. Do you regularly save a percentage of your income for any future use?
Response: 20.4% No, 79.6% Yes

Analysis: A significant majority of 79.6% of respondents save a portion of their income,
indicating a strong inclination toward future financial planning. This suggests that most people
are committed to securing their financial future. The 20.4% who do not save may be
experiencing immediate financial pressures or lack awareness of the benefits of saving. This
habit of saving will go long in the pursuit to maintain financial discipline in one’s life and also
cater to future contingencies and certain investments.
2. Do you track your expenses on a regular basis?

Analysis: Tracking expenses is a regular practice for 67.3% of respondents, reflecting a
disciplined approach to financial management. This practice helps in maintaining budget control
and identifying areas for improvement. The 32.7% who do not track their expenses might benefit
from tools or education to enhance their financial oversight.
3. Do you review your financial statement monthly?
Response: 30.6% No 69.4% said Yes

Analysis: Most people (69.4%) regularly monitor their financial statements, indicating strong
financial management practices. In contrast, 30.6% do not review their statements monthly,
which could suggest less frequent engagement with their finances
4. Do you have certain loans in your name?

Analysis: About 45.8% of respondents have loans, indicating that debt management is a
significant aspect of their financial strategy. The remaining 54.2% do not have loans, which may
reflect either
a preference for debt-free living or a more stable financial position. Understanding the reasons
behind these choices can provide insights into financial management practices.
5. Do you have a plan for retirement savings?

Analysis: A majority of 55.1% have a retirement savings plan, showing a proactive approach
toward long-term financial security. Conversely, 44.9% do not have a retirement plan, suggesting
a need for increased awareness about the importance of retirement planning and strategies to
address this gap.
6. Do you use a credit card?
Response: 49% No, 51% Yes

Analysis: The use of credit cards is almost evenly split, with 51% using them and 49% not. This
balance reflects diverse financial habits and preferences regarding credit usage. Those who do
not use credit cards might prefer alternative payment methods or have concerns about credit
management.
7. Are you aware of interest levied on your credit card for non-payment of dues?

Analysis: A majority (61.2%) are aware of credit card interest rates, which is crucial for
managing credit responsibly. However, 38.8% lack this knowledge, indicating a potential gap in
understanding that could lead to financial mismanagement. Improved financial education on
credit terms could benefit this group.
8. Have you ever lost money due to phishing attempts by cyber criminals?
Response: 28.6% Yes, 71.4% No

Analysis: Most respondents (71.4%) have not lost money to phishing scams, suggesting effective
personal cybersecurity measures. The 28.6% who have experienced losses highlight the need for
continued vigilance and enhanced cybersecurity practices.
9. Do you invest your money in stock indexes or mutual funds?

Analysis: A majority of 56.2% invest in stock indexes or mutual funds, indicating a positive
approach towards growing their assets. The 43.8% who do not invest might prefer other
investment options or have different financial priorities, suggesting a diversity in investment
strategies.
10. Does your bank provide cybersecurity measures? If not, how do you manage risk?
Response: 42.9% Yes, 57.1% No (with risk management through strong passwords and private
accounts)
Analysis: While 42.9% benefit from their bank's cybersecurity measures, a larger portion
(57.1%) relies on personal security strategies. This indicates a varied approach to managing
cybersecurity risks, with many individuals taking proactive steps to protect their financial
information independently.
11. Do you own a business?
Response: 51% Yes, 49% No

Analysis: Business ownership is almost evenly split among respondents, reflecting a diverse
professional landscape. This balance provides insights into entrepreneurial activities and the
economic engagement of the surveyed group.
12. What are your working capital requirements for every month?
Response: Average requirement of 50,000

Analysis: The average monthly working capital requirement of 50,000 reveals the financial scale
of operations for many businesses within the group. This information helps understand the
liquidity needs and financial stability of the businesses surveyed.
13. How do you manage cash flow?
Response: Strategies include setting close goals, making decisions based on cash flow, offering
early payment discounts and advance payments, and maintaining a good debt-to-equity ratio.
Analysis: Respondents employ a range of strategies to manage cash flow effectively. Techniques
such as goal setting, informed decision-making, and incentives for early payments reflect a
proactive approach to maintaining financial stability and efficiency.
14. What is your EBIT?
Response: Average EBIT margin of 11-13% with an average annual EBIT of 70,000
Analysis: The average EBIT margin of 11-13% and annual EBIT of 70,000 indicate moderate
profitability among businesses in the sample. This metric provides a snapshot of operational
efficiency and financial health, suggesting stable performance across the surveyed businesses.
15. Do you invest in professional advice and assistance for making business decisions?
Response: 41.3% Yes, 58.7% No

Analysis: Less than half of the respondents (41.3%) invest in professional advice for business
decisions. This suggests that while some value external expertise, many rely on internal
resources. Exploring the reasons behind this preference could provide insights into decision-
making processes and the perceived value of professional advice.
Conclusion
The survey provides a comprehensive overview of the financial behaviors and practices of the
respondents, highlighting key trends in saving, expense tracking, credit management, and
investment strategies. The majority demonstrate proactive financial planning and effective
management practices, though there are areas where further education and support could enhance
financial stability and security. Understanding these trends helps identify opportunities for
improving financial literacy and supports tailored interventions to address specific needs within
the surveyed group. Key insights from the report include:
1. Budgeting Practices: While many individuals and organizations adhere to budgeting

principles, there is a noticeable disparity in the consistency and effectiveness of these
practices. Enhanced financial planning tools and strategies could improve adherence and
outcomes.
2. Saving and Investment Trends: The data indicates a growing awareness of the need for
saving and investing, yet there remains a significant gap in the application of advanced
investment strategies. Educational initiatives and accessible financial resources could
bridge this gap and promote better long-term financial stability.
3. Debt Management: Effective debt management is crucial, and our findings suggest that
while some have developed robust strategies for managing and reducing debt, others
struggle with high levels of financial stress. Targeted interventions and support
mechanisms could alleviate this burden and foster healthier financial habits.
4. Impact of Financial Education: The survey highlights the positive impact of financial
education on financial discipline. Increasing access to educational resources and financial
literacy programs can empower individuals and organizations to make informed decisions
and cultivate disciplined financial behaviors.
In conclusion, fostering financial discipline requires a multifaceted approach that includes better
financial education, improved budgeting tools, and enhanced support systems. By addressing the
identified gaps and leveraging the strengths observed, individuals and organizations can achieve
greater financial stability and success. This report serves as a foundational resource for guiding
future efforts in financial management and discipline, aiming to promote more informed,
effective, and sustainable financial practices.
REPORT BY:
DHRUVA KHUNEKARI
RAJVARDHAN KANDAGE
SHILPESH GAWADE
SAMARTH SINGH
ACHINT KAUR GANDHI

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FINANCIAL MANAGEMENT FOR NEW VENTURES

Response: 20.4% No, 79.6% Yes

Response: 32.7% No, 67.3% Yes

Response: 30.6% No 69.4% said Yes

Response: 54.2% No, 45.8% Yes

Response: 44.9% No, 55.1% Yes

Response: 49% No, 51% Yes

Response: 38.8% No, 61.2% Yes

Response: 28.6% Yes, 71.4% No

Response: 43.8% No, 56.2% Yes

11. Do you own a business?

Response: 51% Yes, 49% No

Response: Average requirement of 50,000

13. How do you manage cash flow?

14. What is your EBIT?

Response: 41.3% Yes, 58.7% No

1. Budgeting Practices: While many individuals and organizations adhere to budgeting

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