Analysis of the Effect of Financial Behavior on Financial Well-Being with Emotional Intelligence as a Mediating Variable
Ubaidillah Nu^man Arroy, Anna Widyastuti, Nur Rohman

Universitas Islam Nahdlatul Ulama Jepara

Abstract

This study aims to analyze the effect of financial behavior on economic well-being with the mediating variable of emotional intelligence. This research uses quantitative methods with Partial Least Sqare (PLS) data analysis techniques using SmartrPLS 3 on 110 respondents at the SDUT Bumi Kartini Jepara Foundation. The results showed that financial behavior has a positive effect on economic well-being. Individuals with good financial behavior, such as saving, investing, and managing finances wisely, have a higher level of economic well-being. Emotional intelligence is proven to mediate the relationship between financial behavior and economic well-being. The implication of this study is the importance of improving financial literacy and developing emotional intelligence to achieve better economic well-being. Financial education programs and emotional intelligence development can help individuals make wiser financial decisions, manage stress better, and build positive relationships with others, all of which can contribute to achieving economic well-being

Keywords: Financial Behavior, Economic Well-Being, Emotional Intelligence, Structural Equation Model (SEM)

Topic: Economics