Published Paper Details:

The study explores the budgeting challenges and financial habits of CA Article students in Mumbai, a city known for its high cost of living. It is important to understand the budgeting habits of students undergoing CA practical training in Mumbai and face financial challenges. CA Articleship is a very vital part of any CA Student's journey and hence it is important to focus on the problems students face in this period. The purpose of the study is to examine the income, expenses & saving pattern of students and to identify challenges and strategies used for financial management. A structured questionnaire was used to collect primary data and interviewed a few students as well after which inferences have been drawn. Data from surveys and interviews reveal that while stipends are a primary income source, they are often insufficient to cover essential expenses like rent and transportation. The findings highlight the need for better financial planning tools and institutional support to alleviate these challenges, ultimately contributing to improved financial well-being among CA students.