The Impact of Personal Finance Management in Employee Well-Being: A LiteratureReview

Abstract

 Financial stress is a growing problem that adversely affects employee well-being, leading to decreased productivity, lower job satisfaction, and mental health challenges. This study aims to explore the impact of personal finance management on employee well-being by reviewing recent literature published between 2019 and 2024. Employing a qualitative literature review methodology, relevant academic articles and credible. The review reveals that strong financial literacy forms the foundation for effective personal finance management, which helps employees reduce financial anxiety and improve emotional stability. However, financial literacy alone is insufficient without strategies to manage external financial pressures. The findings also highlight the detrimental effects of financial stress on mental health and job performance, including increased absenteeism and decreased engagement. Workplace financial education programs, such as budgeting workshops and access to financial advisors, have been found effective in enhancing financial knowledge, reducing stress, and improving overall employee well-beingThis review underscores the importance of integrating personal finance management into employee well-being strategies to foster healthier, more resilient workforces.