IMPACT OF FINANCIAL KNOWLEDGE OF WOMEN ON THE HOUSEHOLD FINANCIAL WELL – BEING

He study hypothesized that financial literacy is positively related to financial wellbeing. The findings of the study reveal that the level of financial literacy has a high positive correlation with financial well-being. This was further strengthened by the regression analysis which revealed a significant impact of financial knowledge on financial well-being. Results of this study suggest that it is imperative for all stakeholders to increase financial literacy of individuals to further influence their financial well-being. The main objective of this research study was to study the relationship and measure the impact of financial literacy of women on financial well-being of Household. The survey was conducted on around 280 women. It tries to explore the impact of women's financial literacy on household financial wellbeing. It is assumed that higher levels of financial literacy have a positive impact on financial wellbeing. The questionnaire method was used for data collection. A total of 280 questionnaires were distributed, and 250 questionnaires were received. The dependent variable is Household Financial Wellbeing, which is measured by adopting a well-known Financial Wellbeing Scale developed by Prawitz et al. (2006).