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Case Study | Financial Management | Volume 15 Issue 6, June 2026 | Pages: 696 - 699 | India
Financial Planning for Special Needs Individual and their Families
Abstract: This study examines the financial planning practices, challenges, and support systems for families caring for individuals with special needs. The research focuses on assessing financial awareness, investment behavior, and the utilization of financial tools such as insurance, savings, and government schemes. A descriptive research design was adopted, and primary data were collected through a structured questionnaire from 160 respondents across urban and semi-urban areas. The findings indicate that families face significant financial challenges, including high medical expenses, lack of stable income support, and limited awareness of specialized financial planning tools. While a portion of respondents actively engage in saving and investment activities, a considerable number lack structured financial plans and exhibit low confidence in managing long-term financial needs. The study also highlights the critical role of financial advisors, non-governmental organizations (NGOs), and government support systems in improving financial preparedness. The study concludes that there is a strong need to enhance financial literacy, improve accessibility to government schemes, and promote customized financial planning strategies. Such measures are essential to ensure long-term financial security and well-being for individuals with special needs and their families.
Keywords: Awareness, Financial Planning, Government Schemes, Investment Behavior, Special Needs
How to Cite?: D. Pavan Kumar, "Financial Planning for Special Needs Individual and their Families", Volume 15 Issue 6, June 2026, International Journal of Science and Research (IJSR), Pages: 696-699, https://www.ijsr.net/getabstract.php?paperid=MR26612224227, DOI: https://dx.dx.doi.org/10.21275/MR26612224227