FINANCIAL LITERACY: EMPOWERING WOMEN FOR BETTER FINANCIAL MANAGEMENT

Abstract

Financial literacy is an important component of sound financial decision-making, and many young people wish they had more financial knowledge. This research focused on the status of educational characteristics in financial literacy among women employees in Nepal, analyze the relation between financial behavior, financial attitude, financial knowledge and financial influence with financial management and assess the impact of personality characteristics (financial behavior and financial attitude) on financial management of profession among women employees. The research employee descriptive and casual comparative research design. The study is based on primary data through questionnaire of 400 employees in Kathmandu city. Financial Behavior, Financial Knowledge, Financial Influence and Financial Attitude are independent variable where financial management is dependent variables. There is at least one linear relationship between literacy and explanatory variables i.e. literacy and attitude. It is statistically significant at 5% level of Significance. The relationship of the financial influence and financial literacy are insignificant with positive coefficient, also it was found to be strongly positively correlated with significant at 1% level of significance followed by that with financial behavior and financial literacy of the appraisal.