Mediating Effect of Personal Finance Behavior to Digital Financial Literacy and Financial Wellbeing

The present study aimed to provide relevant information and an in-depth understanding of the respondents' personal financial behavior in association with their digital financial literacy and financial well-being and to eventually propose financial wellness programs based on the salient findings. The researcher used the descriptive-correlational method of research design to provide a clearer understanding of the present study's scope using a self-made questionnaire as the main instrument. The aim of the questionnaire was to identify the profile of the respondents. Also, it aimed to assess the respondents' digital financial literacy. Moreover, it aimed to assess the respondents' financial being as well as their financial behavior. Additionally, the present study sought to identify the effect of their financial literacy on financial wellbeing as well as the mediating effect of the personal finance behavior of the respondents' digital financial literacy to their financial well-being and to eventually offer a financial wellness program. The respondents were selected through a stratified proportional random sampling technique according to the type of their employment and used frequency, mean, and simple regression analysis to compute the results. The study revealed that the respondents had a high level of digital financial literacy. Their personal financial behavior and their self-perceived financial well-being were both positive. On the other hand, it was discovered that the participants' financial well-being was significantly impacted by their level of financial digital literacy, and that the local government employee respondents' personal finance behavior mediates this relationship. A financial wellness program for local government employees was eventually recommended by the researcher; respondents were created based on the evaluated study data.