THE INTERPLAY OF PERCEIVED FINANCIAL WELLBEING AND PSYCHOLOGICAL WELL-BEING IN FEMALE UNIVERSITY STUDENTS

Abstract

Financial well-being refers to a person's overall satisfaction with their financial situation, including their ability to meet expenses, manage debts, and feel secure about the future. Psychological well-being encompasses emotional, mental, and social well-being, including stress levels, anxiety, and life satisfaction. This study investigates the links between financial well-being and psychological well-being in female university students. The incidental sampling method was employed to gather data with online Google Forms. A total of 54 female university students from Delhi NCR Universities responded on the financial well-being scale, (Consumer Financial Protection Bureau, 2015), and psychological well-being scale (Ryff et al 2010). Financial well-being scores are found positively correlated with psychological well-being overall scores and its domain anatomy, environmental mastery, and personal growth. Findings are discussed with previous studies and reveal the links between associated factors of psychological well-being.