The purpose of this research is to examine, using a predetermined questionnaire, how much people save in relation to their income, why they save, and what kinds of investment vehicles they prefer. In this survey, respondents are picked arbitrarily using an evaluation criterion. One-way analysis of variance (ANOVA), multivariate analysis of covariance (ANCOVA), and multivariate analysis of variance (MANOVA) are used to determine and comprehend saving and investment patterns and their underlying causes. After adjusting for factors like age, gender, and profession, we still see that conserving money has a positive impact on financial stability. Gender also affects one's level of financial education and knowledge. This research confirms the conventional wisdom that investors would rather put their money somewhere secure and liquid that offers tax breaks, greater returns, and shorter lock-in periods. The findings will aid capital creation by providing financial advisors and investment managers with a better understanding of their clients' mentality and degree of financial knowledge.