DOI: https://doie.org/10.10399/NER.2025837610
Dr. R. Blessie Pathmu, Subhashini P, Akalya S, Ashwin K.M, Sanchana B.S
Keywords:Financial discipline, family financial challenges, financial literacy, financial decision-making, financial independence, budgeting, financial planning, repayment behaviour, quantitative research, Chi-Square test, regression analysis.
Long-term stability requires financial discipline, but family financial difficulties frequently cause personal financial plans to be disrupted, making it challenging to maintain investment and saving practices. This study looks at how family financial responsibilities affect personal financial self-discipline and how financial independence, financial literacy, and strategic planning can help reduce financial stress. A structured questionnaire was used to collect data from 152 respondents as part of a quantitative research approach. The relationships between financial responsibilities, decision-making, and repayment behavior were examined using statistical techniques like regression and the Chi-Square test. According to the results, 52% of respondents acknowledged that family responsibilities have a significant impact on financial decision-making. Furthermore, it was discovered that people's capacity to fulfill their financial obligations is influenced by their level of financial literacy, which is essential for preserving financial stability. Based on these findings, the study emphasizes how crucial it is to improve financial literacy, encourage financial independence in households, and use structured budgeting methods in order to fortify financial discipline. These steps can guarantee long-term financial well-being by assisting people in successfully navigating financial difficulties.