The Interplay between Financial Knowledge, Financial Behavior, and Financial Attitude

The connection between financial knowledge, financial behaviour and financial attitude is very important in personal finance. Individuals must have financial knowledge to display good financial behaviour and a financial attitude to make sound decision-making and manage finances effectively. This study examined the interplay between financial knowledge, financial behaviour and financial attitude. Students enrolled in a higher certificate programme at the College of Economic and Management Sciences (CEMS) at the University of South Africa (UNISA), an open distance learning (ODEL) institution in South Africa, were surveyed. This study used a quantitative research methodology through an online questionnaire for data collection. The findings demonstrated a significant degree of financial literacy among students in ODEL University in South Africa. The study uniquely contributed to the existing knowledge by elucidating the extent of the relationship between financial knowledge, financial behaviour, and financial attitude. The results indicated that the dimensions of financial literacy, namely financial attitude, financial knowledge, and financial behaviour, are positively associated with one another. Finally, the study offered recommendations and proposals for subsequent research.