Financial Literacy and Planning on Financial Well-Being: The Mediating Role of Behavior

Authors

  • Sri Anah Universitas Mercu Buana
  • Wahyu Anggraini Universitas Mercu Buana
  • Abdul Rahmat Universitas Mercu Buana
  • Garin Pratiwi Solihati Universitas Mercu Buana

DOI:

https://doi.org/10.32497/keunis.v14i2.7104

Keywords:

Financial Literacy, Self-Control, Financial Planning, Financial Well-Being, Financial Behavior

Abstract

Financial well-being reflects employees’ ability to manage financial resources and maintain long-term stability. This quantitative study examines the effects of financial literacy, self-control, and financial planning on employees’ financial well-being, involving financial behavior as a mediating variable. Data were collected from 120 employees of PT SUAI through online and offline questionnaires and analyzed using SEM-PLS. The results show that financial literacy, self-control, and financial planning significantly influence financial behavior, which in turn positively and significantly affects financial well-being. However, only financial planning has a significant indirect effect on financial well-being through financial behavior, whereas financial literacy and self-control do not show significant mediation effects. These findings indicate that structured financial planning plays a key role in shaping consistent financial behavior that enhances financial well-being. Theoretically, the results support the Financial Management Behavior Theory and Financial Capability Framework, signifying the importance of behavioral implementation. Additionally, the study findings have crucial practical implications for organizations to prioritize applied financial education programs that focus on budgeting, saving, and long-term planning.

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Published

2026-07-02

How to Cite

Anah, S., Anggraini, W., Rahmat, A., & Solihati, G. P. (2026). Financial Literacy and Planning on Financial Well-Being: The Mediating Role of Behavior. KEUNIS, 14(2), 198–207. https://doi.org/10.32497/keunis.v14i2.7104

Issue

Vol. 14 No. 2 (2026): JULY 2026

Section

Articles

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