A Study on the Relationship Between Basic Financial Literacy and Money Management Behaviours Among Individuals

This study investigates the connection between people's money management behaviours and their level of basic financial literacy. Knowing how much knowledge of basic financial principles affects every day financial practices is essential as financial decisions become more complex. The study shows a quantitative research approach and gathers data using a structured survey that assesses participants financial literacy skills and money management behaviours, such as budgeting, saving, and spending control, etc. Survey results shows that people who have a greater level of basic financial literacy are more likely to manage their money responsibly. In order to encourage better financial practices and long-term financial stability, the study emphasizes the necessity of improved financial education programs.