Financial Literacy and Financial Wellbeing among Nepalese

Abstract

The objective of this study is to analyze the relationship between financial literacy and financial well-being among Nepalese People. This study aims to analyze Financial Literacy by examining the relationship and impact of financial awareness, financial experience, financial skills, financial behavior, financial knowledge, and financial attitudes with Financial Well-being among Nepalese people. Various articles and theses, reviewed from Google Scholar and Shanker Dev Library, helped in developing the conceptual framework with financial well-being as a dependent variable and financial awareness, financial experience, financial skills, financial behavior, financial knowledge, and financial attitude as independent variables. This study used a descriptive and causal comparative research design. The people of Kathmandu Valley are the population of the research, and a sample size of 450 was obtained through the convenience sampling technique used. Primary source of data were collected through a questionnaire survey. The analytical methods included descriptive statistics, correlation analysis and multiple regression analysis. Excel and SPSS were used as tools for data analysis. The finding of the research is that there is a positive and significant impact of financial skills, financial behavior, financial knowledge, and financial attitude on the dependent variable Financial Well-being of Nepalese people. Financial Awareness and Financial Experience to the Financial Wellbeing are positive but do not have a significant relationship. Keywords: Financial Knowledge, Financial Skill, Financial Attitude, Financial Awareness, Financial Experience, Financial Behaviors and Financial Wellbeing, Nepalese