ANNEXURES

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Annexure No-1: Variables Used in Questionnaire for Data Collection

S No. Statements Type of

Statement
1 Name Demo Profile
2 Mail ID Demo Profile
3 Contact No. Demo Profile
4 Address (Workplace) Demo Profile
5 Name of Organization Demo Profile
6 Age Demo Profile
7 Gender Demo Profile
8 Marital Status Demo Profile
9 Educational Qualification Demo Profile
10 Experience Demo Profile
11 Income Demo Profile
12 Current Source of Income Demo Profile
13 I learnt most about managing my money from my Money
family members. Management
Behavior
14 My friends helped me to understand about money Money
management. Management
Behavior
15 I started managing my money from my own Money
experience. Management
Behavior
16 I had attended an entire course in money management Money
in my college/school days. Management
Behavior
17 A course on stock market has been attended by me Money
during my college/school days. Management
Behavior

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18 I always prepare a monthly budget. Money
Management
Behavior
19 I always try to stick to my monthly budget. Money
Management
Behavior
20 I always keep record of all expenditures made by me. Money
Management
Behavior
21 After meeting my household expenses, if any amount Money
is left with me then I usually deposit it in my savings Management
account. Behavior
22 After meeting my household expenses, if any amount Money
is left with me then I usually keep it as cash. Management
Behavior
23 After meeting my household expenses, if any amount Money
is left with me then I usually invest in stock market. Management
Behavior
24 After meeting my household expenses, if any amount Money
is left with me then I usually invest in Gold/Silver. Management
Behavior
25 Suppose, if my family runs out of money till the next Money
income arrives, then I will cut down my expenses. Management
Behavior
26 Suppose, if my family runs out of money till next Money
income arrives, then I will spend from my past Management
savings. Behavior
27 Suppose, if my family runs out of money till next Money
income arrives, then I will work extra or do an Management
additional job. Behavior

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28 The main aim of personal financial planning is to Financial
achieve personal economic satisfaction. Knowledge
29 The ability to convert financial resources into usable Financial
cash with ease is referred to as Liquidity. Knowledge
30 Budget and credit card statements are not treated as Financial
financial statements. Knowledge
31 Balance sheet and cash flow statement are financial Financial
statements. Knowledge
32 A Balance sheet does never show amount budgeted Financial
for spending. Knowledge
33 Income and expenses of a particular duration are not Financial
shown in Balance sheet. Knowledge
34 Cash inflows and outflows of a company are never Financial
shown in a bank statement. Knowledge
35 Cash flow statement represents cash inflows and Financial
outflows for a period of time. Knowledge
36 There will be no budget deficit if a person's actual Financial
expenses are less than planned expenses. Knowledge
37 If actual expenses are greater than planned expenses, Financial
it will result into deficit. Knowledge
38 Car is not a liquid asset. Financial
Knowledge
39 Money in savings account has a greater liquidity. Financial
Knowledge
40 Net worth means difference between assets and Financial
liabilities. Knowledge
41 If you co-sign a loan or become guarantor for a
friend, then you become responsible for the loan Financial
payment if your friend defaults. Knowledge

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42 An overdraft Occurs when you withdraw Rs.10, 000 Financial
and you have Rs. 5000 in your a/c. Knowledge
43 Showing no record of personal bankruptcies in recent Financial
years will increase your credit worthiness. Knowledge
44 If you have deposited Rs 1lakh for 5 year’s @10% Financial
interest rate (compounded annually) you have in a/c Knowledge
after 5 years more than Rs. 1.5 Lakh if neither
principal nor interest is withdrawn.
45 A young person without children can easily adopt a Financial
high risk and high return investment strategy. Knowledge
46 My main reason to purchase insurance is not to Financial
protect myself from a loss recently incurred. Knowledge
47 Insurance protects me from sustaining extreme losses. Financial
Knowledge
48 Spending has a relation with debit cards/credit cards. Financial
Knowledge
49 Before I buy something I carefully consider whether I Financial
can afford it. Knowledge
Implementation
50 I pay my bills on time. Financial
Knowledge
Implementation

51 I keep a close personal watch on my financial affairs. Financial

Knowledge
Implementation
52 I keep a strict watch on my cash flow hence I spend Financial
less than I earn each month. Knowledge
Implementation

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53 I regularly pay off my credit card balances in full and Financial
on time. Knowledge
Implementation
54 I understand tax planning implications of my Financial
investments. Knowledge
Implementation
55 I am prepared to risk some of my own money when Financial
making an investment. Knowledge
Implementation
56 I take utmost care that my investments are allocated Financial
appropriately. Knowledge
Implementation
57 I know I am on target to replace at least 80% of my Financial
income in retirement. Knowledge
Implementation
58 I maintain an emergency fund to pay bills for a few Financial
months if I lose my job. Knowledge
Implementation

Financial
59 I invest in stocks, bonds and/or mutual funds. Knowledge
Implementation
60 I have taken mediclaim policy for my family. Financial
Knowledge
Implementation
61 All my movable and immovable assets including Financial
vehicles owned by me are insured. Knowledge
Implementation

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62 Elder working couples saving for their retirement do Financial
not have much problem during periods of high Decision
inflation as compared to elder people living on fixed Making Skills
retirement income.
63 Young working couples with no children will not be Financial
in problem due to high inflation. Decision
Making Skills
64 To protect the purchasing power in the event of a Financial
sudden increase in inflation a 10year fixed deposit is Decision
not suitable. Making Skills

65 If Raj and Sonia have money put aside for Financial

emergencies then it would not be a good option to Decision
invest it in a down payment on the house. Making Skills
66 Investing in gold and silver may help a couple in Financial
future if they require some fund for emergencies. Decision
Making Skills

Financial
67 A fund set aside for emergencies could be kept in Decision
savings account. Making Skills
68 Sara and John just had a baby. They received money Financial
as baby gifts and want to invest it for the baby’s Decision
education for 18 years. So, they should not keep it in Making Skills
a savings account.
69 Sara and John just had a baby. They received money Financial
as baby gifts and want to invest it for the baby’s Decision
education for 18 years. So, they invested that money Making Skills
in Mutual funds.

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70 An elderly retired man, with a wife who is also retired Financial
would not need the large amount of life insurance Decision
cover for themselves. Making Skills
71 A young single woman with two young children is in Financial
a great need to have a good amount of life insurance Decision
policy. Making Skills
72 First I keep money aside for emergency medical Financial
expenses then I allocate funds for my household Decision
expenses. Making Skills
73 Unsolicited information sent through the post is not a Financial
reliable source of information for decision making Decision
while purchasing a financial product/service. Making Skills
74 Information picked up in a branch office is a good Financial
source of information while making a decision for Decision
purchasing a financial product/service. Making Skills
75 When we have to make a decision for purchasing any Financial
financial product or service we should not rely on Decision
information found on internet/sales staff of the firm. Making Skills
76 I Own two or more credit cards. Financial Status
77 I always pay entire balance of my credit card dues on Financial Status
time.
78 My Net Worth is increasing every year. Financial Status
79 If I lose my main source of income, then also I can Financial Status
continue to cover my living expenses for six months,
without borrowing any money or selling any asset.
80 I have planned for/saved funds for my post retirement Financial Status
duration.
81 I will save/plan enough funds required for my Financial Status
children’s marriage/higher education.

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82 Every year I am making investments in Fixed Financial Status
Deposit/PPF or similar investments.
83 I own an independent house/flat. Financial Status
84 I own a car as per my financial status. Financial Status
85 I have made investment in Real estate/Gold/Silver. Financial Status

86 I had invested in Stock market/Mutual funds. Financial Status

87 I am confident to meet any financial emergency Financial Status

including health issues.

88 I can afford to go out on holidays every two years. Financial Status

89 I have all latest electrical appliances. Financial Status
90 My children are studying in a school with hefty fees. Financial Status

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Annexure No-2: Reliability Analysis Table

GET
FILE='D:\PHH\PH\IT Professionals1.sav'.
DATASET NAME DataSet1 WINDOW=FRONT.
RELIABILITY
/VARIABLES=ManagingMoney MoneyManagement ManagementByOwnExp
MoneyManagementCourse StockMarketCourse PrepareMonthlyBudget
MonthlyBudget ExpenditureRecord SavingsAccountDeposit KeepMoneyAsCash
StockmarketInvestment BullionInvestment CutInExpenses
SpendFromPastSavings AdditionalJob PersonalEconomicSatisfaction Liquidity
CreditCardStatements CashFlowStatements BalanceSheet IncomeExpenses
BankStatement CashInflowsOutflows BudgetDeficit Deficit LiquidAsset
SavingsAccount NetWorth Guarantor Overdraft
CreditWorthiness CompoundedAnnually HighriskHighreturn Insurance
InsuranceProtection Spending Affordability PaymentOfBills
WatchFinancialAffairs WatchCashFlow CreditCardPayment TaxPlanning
RiskOwnMoney AllocationOfInvestments IncomeReplacement
EmergencyFund InvestInStocks MediclaimPolicy InsuranceOfAssets
HighInflation YoungWorkingCouples TenYearFixedDeposit DownPayment
Investment FundForSavings BabyEducation MutualFunds LifeInsurance
LifeInsurancePolicy MedicalExpenses UnsolicitedInformation
PurchasingDecision PurchasingFinancialProduct CreditCard CreditCardDues
MyNetWorth LivingExpenses PostRetirement ChildrenMarriage PPF House
OwnCar RealEstate StockMarket HealthIssues Holidays ElectricalAppliances
SchoolFees
/SCALE('ALL VARIABLES') ALL
/MODEL=ALPHA
/SUMMARY=MEANS CORR.

1. Reliability

[DataSet1] D:\PHH\PH\IT Professionals1.sav

Scale: ALL VARIABLES

Case Processing Summary

N %
Valid 400 100.0
a
Cases Excluded 0 .0
Total 400 100.0
a. Listwise deletion based on all variables in the procedure.

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Reliability Analysis Table

Cronbach's Alpha N of Items

.871 78

From the above table it is seen that the reliability of all the variables related to this
study was estimated by ALPHA model in the SPSS. It is found that above
mentioned 78 variables are reliable. The reliability test using the Alpha model is
positive. The value of Cronbach’s Alpha is 0.871. Hence it is greater than 0.5.
Therefore, the variables are reliable. As far as validity of variables is concerned it
is found that there are no missing values of the variables. Thus, the variables
validate for further analysis.

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