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Journal of Information and Optimization Sciences cover
Open Access ·Peer-reviewed·ISSN (Online): 2169-0103·ISSN (Print): 0252-2667

WoS  JIF 2026 : 0.4 (Q4)

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Monthly Journal: Publishes theoretical and applied research on topics in information and optimization sciences.

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Open Access Research Article

The impact of financial literacy on sustainable management of OOP and catastrophic spending : The mediating role of budgeting practices

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pp. 2735–2745Vol. 46Issue 8November 2025DOI: 10.47974/JIOS-2096XML
Received:
08 Jan 2025
Published Online:
29 Nov 2025
Article type:
Research Article
Language:
EN
Article no.:
JIOS-2096
Pages:
2735–2745

Abstract

The study aimed to assess the factors influencing financial literacy and expenditure management, with the mediating role of budgeting habits. The study involves a sample of 519 individuals in Chennai, employing purposive sampling technique to select samples. A causal research design is implemented to investigate the relationships among financial experience, personal motivation, digital literacy, financial literacy, budgeting habits, and managing expenditures. Financial literacy, in turn, significantly influences the management of expenditures. Additionally, budgeting habits exhibit a partial significant effect between financial literacy and the effective management of expenditures. The study confirms that there is a distinct influence of gender, age, education, income, and occupation on various aspects of financial literacy, budgeting habits and managing expenditure.

Keywords

Subject Classifications

91B0662P20

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