Factors Of Personal Financial Management Behaviour Employee Of Banking Sector In Trincomalee District

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.