Abstract:
Nowadays, good financial Management behavior requires special attention on
individuals because the financial management behavior aspect has a significant effect
on their life. Very few researches are being performed in Sri Lanka for factors
influencing on personal financial management behavior of employees: So, there is an
empirical knowledge gap exists for explaining factors influencing on personal financial
management behavior of employees. Hence, the study conducts to narrow this empirical
gap.
The objectives of this study are to identify the level, relationship and impact regarding
financial knowledge, financial attitude, locus of control on personal financial
management behavior. To achieve these objectives, the stratified sampling method is
used as a sample of the study which was conducted among l9l employees from
Commercial Bank, Sampath Bank, HNB, People's Bank and BOC. However, 159
respondents were analyzed by using descriptive, correlation analyses and regression
analysis.
The findings show that how level of financial knowledge, financial attitude, locus of
control and personal financial management behavior. There is a significant positive
relationship between financial knowledge, financial attitude and locus of control with
personal financial management behavior. There is significant impact of financial
knowledge, financial attitude and locus of control on personal financial management
behavior.
