Influencing Financial Behavior to Improve Financial Well-Being

Financial behaviour and financial decision-making are two closely related aspects of an individual’s financial well-being. The impact of financial behaviour on the financial well-being of an individual has long been a subject of interest for researchers. Multiple studies study suggest that financial behavioural factors have a significant impact on an individual’s financial well-being. Knowing and influencing these factors can help individuals improve their financial well-being over time. In this article, we will attempt to understand these factors and how we can influence them.