The Effect of Financial Knowledge and Inten to Behave on Family Financial Well-being with Financial Management Behavior as Mediation

This study aims to examine and analyze the effect of financial knowledge and intentions behavior on financial well-being by using financial behavior as a mediating variable. Sampling method used in this study is purposive sampling. The data collection is done by using survey method obtained through questionnaire. The data are analyzed using Structural Equation Modeling on Partial Least Square. This study finds that behavior intentions have a significant positive direct or indirect effect on financial well-being, while financial knowledge has no effect on financial well-being. Another finding is that financial behavior is able to mediate the effect of behavior intentions on financial well-being. The managerial implication is that if a family wants to improve financial well-being, it can be done by increasing behavior intentions accompanied by good family financial management. Keywords: Financial Well-Being, Financial Behavior, Financial Knowledge, Intentions Behavio