Empowering Women Through Financial Education: A Catalyst For Sustainable Development

Abstract

 Women's Financial literacy today increasingly depends on individuals learning how to manage their finances and understand increasingly complex, integrated financial products. Financial literacy among women has also gained prominence in recent years. Financial literacy promotes women’s empowerment and highlights the need to measure financial attitude, behavior, and well-being. Women have achieved incredible personal and financial success in the realm of finance. However, significant efforts are required to comprehend and consider the importance of money, savings, and investing.

Purpose: The study evaluates the relationship between financial literacy, financial behavior, attitude, and well-being. It indicates that there is a positive relationship between all of the variables except for financial behavior and financial well-being.

Methodology: The sampling method used is simple random sampling, for which a sample of 73 was selected and analyzed using SPSS. The methodology used was multivariate regression. The results show that women seem to be becoming more financially literate these days, and even those who are less educated practice saving.

Findings: There exists a favorable relationship between financial literacy, financial attitude, and financial well-being; however, there is a negative relationship (0.342) between financial conduct and financial well-being whereas a favorable correlation between financial attitude and financial well-being.