Abstract
Financial literacy is financial knowledge and capability that affects efforts to improve financial well-being. This study aims to obtain empirical evidence that financial literacy, financial planning, and income have an effect on financial well-being. The data used in the research is primary data which was collected by conducting a survey in the form of distributing questionnaires and interviews with female teachers in Denpasar City. The sample is determined by the nonprobability sampling technique, quota sampling type. This study uses data analysis techniques Structural Equation Model (SEM) with Partial Least Square (PLS) software. This study shows that financial literacy, financial planning, and income have a positive and significant effect on the financial welfare of female teachers in Denpasar City. The implications of the theoretical research results add to the reference to empirical research on the concept of financial literacy and welfare theory. This shows that financial literacy which includes the knowledge, skills, and beliefs of individuals in managing their finances will influence financial decisions that will be made to achieve the expected financial well-being.
 Keywords: Financial Literacy, Planning, Income, Welfare.
Highlights
Financial literacy is financial knowledge and capability that affects efforts to improve financial well-being
This study aims to obtain empirical evidence that financial literacy, financial planning, and income have an effect on financial well-being
This study shows that financial literacy, financial planning, and income have a positive and significant effect on the financial welfare of female teachers in Denpasar City
Summary
Literasi keuangan merupakan pengetahuan dan kemampuan keuangan yang berpengaruh terhadap upaya dalam meningkatkan kesejahteraan keuangan. Penelitian mempunyai tujuan untuk memperoleh bukti empiris literasi keuangan, perencanaan keuangan dan pendapatan berpengaruh terhadap kesejahteraan keuangan. Data yang digunakan dalam penelitian berupa data primer yang dihimpun dengan melakukan survei berupa menyebarkan kuesioner dan wawancara pada guruguru perempuan di Kota Denpasar. Penelitian ini menggunakan teknik analisis data dengan software Partial Least Square (PLS). Penelitian ini menunjukkan hasil bahwa literasi keuangan, perencanaan keuangan dan pendapatan berpengaruh secara positif dan signifikan terhadap kesejahteraan keuangan pada guru-guru perempuan di Kota Denpasar. Implikasi dari hasil penelitian secara teoritis menambah referensi riset empiris tentang konsep literasi keuangan dan teori kesejahteraan. Hal ini menunjukkan bahwa literasi keuangan yang mencakup pengetahuan, keterampilan dan keyakinan individu dalam mengatur keuangannya akan memengaruhi keputusan keuangan yang akan dibuat untuk mencapai kesejahteraan keuangan yang diharapkan.
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