Published Paper Details:

Abstract: This study examines the complex difference between financial literacy, behavior finance and financial welfare in the context of emerging economies. While traditional financial education emphasizes the spread of knowledge, this letter examines to what extent behavioral bias convenes relationships between knowledge and real financial results. Using survey data from 80 individuals in diverse demographic background, the research applies statistical analysis to measure financial literacy, identify practical prejudices and assess financial results. The results indicate that while financial literacy is moderately high, prejudices such as overconfidence and mental accounting are prevalent, often reduce rational decision making. However, individuals who combine high financial literacy with low behavioral deformation display better financial results, including more savings, diverse investment and long -term financial planning. The study emphasizes the requirement of integrated financial education approaches that include behavior coaching.