Financial Health Check-Up of Individuals: A Survey-Based Assessment of Financial Stability, Protection, Planning and Preparedness

Christian, Dr. Sanjay; Bhakti, Zala

doi:https://doi.org/10.55041/ijcope.v2i11.048

Volume 02, Issue 11

Published on: November 2026

FINANCIAL HEALTH CHECK-UP OF INDIVIDUALS: A SURVEY-BASED ASSESSMENT OF FINANCIAL STABILITY, PROTECTION, PLANNING AND PREPAREDNESS

Dr. Sanjay Christian Zala Bhakti

JG University, Ahmedabad, Gujarat

DOI:https://doi.org/10.55041/ijcope.v2i11.048

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Abstract

Financial well-being depends on many areas of personal finance, yet few studies examine these areas together. This study conducts a Financial Health Check-up of individuals by assessing four dimensions: financial stability, financial protection, financial planning and financial preparedness. A descriptive, quantitative research design was used. Primary data was collected through a structured Google Form questionnaire from 201 respondents (100 male and 101 female), including customers, their family members, students and other individuals, using purposive and convenience sampling. The data was analysed in SPSS using frequency, percentage, mean, Cronbach’s alpha, Chi-Square test and independent samples t-test. The results show that respondents manage day-to-day cash flow well (mean 4.09), but 57.21% do not record income and expenses regularly and 39.30% have no emergency fund. About two-thirds of respondents hold life insurance (64.68%) and health insurance (66.67%), yet their awareness and perceived adequacy of cover are low (mean 2.16). Investment habits (mean 2.08), goal-based planning (2.07) and financial preparedness (1.95) are weak, with nominee details, updated contact information and family access to emergency information being the weakest points. The Chi-Square and t-tests show no significant difference between male and female respondents (p > 0.05 in all cases). The study concludes that individuals should review their finances regularly, like a medical check-up, and that financial service providers can support this through awareness programmes and periodic financial health check-ups.

Keywords: Financial Health Check-up; Financial Stability; Financial Protection; Financial Planning; Financial Preparedness; Emergency Fund; Insurance Awareness; Personal Finance; Gender Differences

How to Cite this Paper

Christian, S. & Bhakti, Z. (2026). Financial Health Check-Up of Individuals: A Survey-Based Assessment of Financial Stability, Protection, Planning and Preparedness. International Journal of Creative and Open Research in Engineering and Management, <i>02</i>(11), 1-9. https://doi.org/10.55041/ijcope.v2i11.048

Christian, Sanjay, and Zala Bhakti. "Financial Health Check-Up of Individuals: A Survey-Based Assessment of Financial Stability, Protection, Planning and Preparedness." International Journal of Creative and Open Research in Engineering and Management, vol. 02, no. 11, 2026, pp. 1-9. doi:https://doi.org/10.55041/ijcope.v2i11.048.

Christian, Sanjay, and Zala Bhakti. "Financial Health Check-Up of Individuals: A Survey-Based Assessment of Financial Stability, Protection, Planning and Preparedness." International Journal of Creative and Open Research in Engineering and Management 02, no. 11 (2026): 1-9. https://doi.org/https://doi.org/10.55041/ijcope.v2i11.048.

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•Published on: Nov 12 2026

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