AbstractObjectiveThis study develops a conceptual framework for examining the associations between family financial socialization and financial capability on individuals' financial well‐being and explores the mediating role of financial help‐seeking when determining financial well‐being.BackgroundIndividuals' family financial socialization and financial capability are associated with their financial well‐being. This study extends the literature by examining whether seeking financial help can indirectly mediate the association between these factors and individuals' financial well‐being.MethodThis study used the 2016 National Financial Well‐Being Survey data set, consisting of 6,394 adults, and employed structural equation modeling with full information maximum likelihood and bootstrap estimation for empirical analyses.ResultsFinancial knowledge and perceived financial capability were positive contributors to financial well‐being. Family financial socialization showed positive direct and mixed indirect effects on help‐seeking behaviors. When mediated by help‐seeking behaviors, family financial socialization had significantly positive total and indirect associations and a negative direct association with financial well‐being.ConclusionThis study found that financial help‐seeking behavior was a significant factor in the indirect association between family financial socialization, financial knowledge, and well‐being.ImplicationsProviding access to professional advice and encouraging family finance discussions can enhance people's financial well‐being.