MAJCAFE

Nuradibah Mokhtar, Husniyah Abd. Rahim
Department of Resource Management and Consumer Studies, Faculty of Human Ecology, Universiti Putra Malaysia

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Abstract

This study examines the relationship between financial stress, work environment, locus of control, financial behavior and financial well-being among public employees in Putrajaya. A survey was carried out to acquire data from 374 public employees using a self-administered on-line questionnaire, utilizing multistage random sampling. Results showed that financial stress (r = -0.643**, p < 0.01), work environment (r = 0.247**, p < 0.01), locus of control (r = 0.395**, p < 0.01) and financial behavior (r = 0.363**, p < 0.01) have significant relationship with financial well-being. It was discovered that respondents who were experiencing lower financial stress, have positive work environment, locus of control and financial behavior tend to have a better financial well-being. Financial stress (beta = -0.543, p < 0.01), work environment (beta = 0.080, p < 0.01), locus of control (beta = 0.132, p < 0.01) and financial behavior (beta = 0.244, p < 0.01) have significant influence on respondents’ financial well-being. Based on the results, financial well-being can be enhanced through the decreased of the employees’ financial stress and increasing of their work environment, locus of control and financial behavior.

Keywords: Financial well-being, Financial stress, Work environment, Locus of control, Financial behavior