IJSMT Journal

International Journal of Science, Strategic Management and Technology

An International, Peer-Reviewed, Open Access Scholarly Journal Indexed in recognized academic databases · DOI via Crossref The journal adheres to established scholarly publishing, peer-review, and research ethics guidelines set by the UGC

Submit Research Paper
ISSN: 3108-1762 (Online)
webp (1)

By /
Plagiarism Passed
Peer reviewed
Open Access

FINANCIAL LITERACY AND ITS IMPACT ON INDIVIDUAL FINANCIAL BEHAVIOR

AUTHORS:
Dr.T.Arockia Sagayaraj
Mentor
S.Priya dharshini
Affiliation
Research Scholar, GRD College of Science, Coimbatore
DOI: 10.55041/ijsmt.v2i3.173
CC BY 4.0 License:
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
DOWNLOAD ARTICLE REVIEW REPORT CITE THIS ARTICLE
Abstract

This study examines the impact of financial literacy on individual financial behavior among 51 participants. The objectives are to assess financial literacy levels, evaluate financial behavior, analyze the influence of literacy on financial outcomes, and identify financial stress. Primary data were collected through a structured questionnaire and analyzed using descriptive statistics and ANOVA. The results indicate that higher financial literacy leads to better financial behavior, including effective saving, budgeting, and investment decisions, while lower literacy is associated with financial stress. The study emphasizes the importance of financial education in improving financial well-being

Keywords
Article Information
PUBLICATION DETAILS
Review Type:
Double-Blind Peer Review
License:
CC BY-NC 4.0
Volume/Issue:
Volume 02, Issue 03
Review Rounds:
2
Article Type:
Research Article
Publication Date:
Mar 21 2026
Article Metrics
Article Views
61
PDF Downloads
1
HOW TO CITE
APA

MLA

Chicago

Copy

Sagayaraj, T. (2026). Financial Literacy and its Impact on Individual Financial Behavior. International Journal of Science, Strategic Management and Technology, 02(03). https://doi.org/10.55041/ijsmt.v2i3.173

Sagayaraj, T.Arockia. "Financial Literacy and its Impact on Individual Financial Behavior." International Journal of Science, Strategic Management and Technology, vol. 02, no. 03, 2026, pp. . doi:https://doi.org/10.55041/ijsmt.v2i3.173.

Sagayaraj, T.Arockia. "Financial Literacy and its Impact on Individual Financial Behavior." International Journal of Science, Strategic Management and Technology 02, no. 03 (2026). https://doi.org/https://doi.org/10.55041/ijsmt.v2i3.173.

References
1.Suresh, G. (2024). Impact of financial literacy and behavioural biases on investment decision-making. FIIB Business Review, 13(1), 72-86.

2.Mohta, A., & Shunmugasundaram, V. (2024). Moderating role of millennials' financial literacy on the relationship between risk tolerance and risky investment behavior: evidence from India. International Journal of Social Economics, 51(3), 422-440.

3.Shroff, S. J., Paliwal, U. L., & Dewasiri, N. J. (2024). Unraveling the impact of financial literacy on investment decisions in an emerging market. Business Strategy & Development, 7(1), e337.

4.Ashfaq, M., Shafique, A., & Selezneva, V. (2024). Exploring the missing link: Financial literacy and Cognitive biases in Investment Decisions. Journal of Modelling in Management, 19(3), 871-898.

5.Pambudi, T. R. S., & Sabandi, M. (2024). Financial Literacy, Risk Perception, Overconfidence Moderated by Financial Education on Investment Decisions. Economic Education Analysis Journal, 13(2), 151-162.

6.Julita, J. (2024, July). Implementation Of Financial Technology In Mediating The Effect Of Financial Literacy On Investment Decisions. In Proceeding Medan International Conference on Economic and Business (Vol. 2, pp. 1292-1300).

7.Suhendar, D., & Fahamsyah, M. H. (2024). The Effect of Financial Literacy, Income, and Financial Behaviour on Gen-Z Investment Decisions in Bekasi Regency. Jurnal Manajemen Bisnis, 11(2), 655-664.

8.Naibaho, R., Sinarasri, A., & Kristiana, I. (2024, July). The Effect of Financial Literacy, Financial Efficiency, and Income on Students' Investment Decisions in The Capital Market. In Economics and Business International Conference Proceeding (Vol. 1, No. 2, pp. 490-502).

9.Tanglao, J. M., Reyes, N. A. M., Aguilar, J. G., Aguilar, J. J. T., & Perez, J. M. G. A Study of Financial Behavior and Factors Affecting the Investment Decision Among Business Students in Mabalacat City College.

10.Munir, I. U., Yue, S., Ijaz, M. S., Hussain, S., & Zaidi, S. Y. (2024). Financial literacy and stock market participation: does gender matter?. The Singapore Economic Review, 69(03), 1211-1230.
Ethics and Compliance
✓ All ethical standards met
This article has undergone plagiarism screening and double-blind peer review. Editorial policies have been followed. Authors retain copyright under CC BY-NC 4.0 license. The research complies with ethical standards and institutional guidelines.
Indexed In
Similar Articles
Rotaract Digital Collaboration System for Multi-Club Coordination for the District Level
string(9) "Sanjay. K" K, S.
(2026)
DOI: 10.55041/ijsmt.v2i3.322
A Study on Government of India Schemes for Financial Promotion of Entrepreneurship
string(39) "Shruthi L ,Dakshayini , Raghunandan G H" H, S. L. ,. ,. R. G.
(2026)
DOI: 10.55041/ijsmt.v2i3.002
Mobile Application for Personal Finance Management using Android Platform
string(15) "Hari Prasad A.G" A.G, H. P.
(2026)
DOI: 10.55041/ijsmt.v2i3.153
Back to Volume 02, Issue 03
Scroll to Top