FINANCIAL LITERACY AMONG WOMEN EMPLOYEES IN KIRTIPUR MUNICIPALITY

Abstract

A person tends to complete their full service if they are physically well. As they become older their income will get exhaust and their savings will be null. Their standard of living will be below the poverty line however 70% of the responses think for future before making any expenditure. The results derived from the present study concludes that financial knowledge on tools and techniques, digital transactions, trends on financial matters and awareness on investment scams has a great contribution over the financial knowledge of the elected areas likely to (70%) towards financial attitude and money management as it demonstrate high percentage of partial Favorable views in the total respondents. There is an association between the financial knowledge, financial attitude and financial behavior. There is a strong relationship with financial knowledge, attitude and behavior with the socio economic variables such as gender, education, service sector and monthly income. Longevity and its long term costs, spending and money management attitude, sale of assets, difficulty in preparing budget spending plan in a family are considered as the main attributes that impact financial attitude where, 58 percent of the respondents are low risk taker in this matter. Record keeping, social security funding, low interest environment communication tools like net banking, mail on estate planning strategies and additional increment in pension amount contributes more on financial behavior when compared to other variables. At the end, elected residential of Kritipur senior citizens as the pioneer to other age groups in terms of saving and spending attitude, debt management planning .