A Study on Savings and Investment Preference of Nurse in the Hospital

This research examines investment behaviors and preferences among working women, particularlynurses in the Hospital, so one can understand how saving and budgeting habits with personal financialeducation come into play in guiding investment choices. Thus, this paper attempts to analyze how variousdemographic factors like age, marital status, education, and income affect their selection decisions. Thedata was collected by using the structured questionnaires and applying statistical tools of Chi-square andregression analysis on evaluating these factors with investment behavior. Results It reveals that despite alarge percentage of the respondents who were relatively financially literate, their investing choices areconservative also, in addition to preferring safe investments like bank deposits, post office savings, andpolicies of insurance. Such an attitude is driven primarily by a perceived need to save capital and, byextension, not to lose, with modest returns being acceptable in the name of long-term financial security.Interestingly, it also finds out that personal finance education is very important in influencing investmentbehavior in that women who have undertaken formal training on finances are more likely to diversify theirportfolios and take risks in a calculated manner. Nevertheless, significant numbers among the respondentscontinue to rely on the influence of families or general investment channels and there are many who evenlack self-confidence in their ability to make independent financial decisions.