Behavioral Drivers of Financial Satisfaction: The Interplay of ‎Perceived Financial Knowledge and Socio-Economic Status

  • Authors

    • Irma Arcega Batangas State University- The National Engineering University
    • Janell Mae Encarnacion Batangas State University- The National Engineering University
    • Jun Ross Candelario Batangas State University- The National Engineering University
    • Kate Andrei Amponin Batangas State University- The National Engineering University
    • Noel Lastima Batangas State University- The National Engineering University
    • Raphael Gravador Batangas State University- The National Engineering University
    • Renan Ceniza Batangas State University- The National Engineering University
    • Dr. Nickie Boy A. Manalo Batangas State University- The National Engineering University
    • Dr. Gemar G. Perez Batangas State University- The National Engineering University
    • Dr. April M. Perez Batangas State University- The National Engineering University
    https://doi.org/10.14419/zzsf4q36

    Received date: November 8, 2025

    Accepted date: December 13, 2025

    Published date: December 17, 2025

  • Credit Card; Financial Behavior (FB); Financial Knowledge (FK); Financial Risk Tolerance (FRT); Financial Satisfaction (FS); Financial ‎Socio-Economic (FSE)‎.

  • Abstract

    This study explores what drives financial satisfaction among credit card users, focusing on how perceived financial knowledge and socio-‎economic status shape their contentment. The research also examines whether financial risk tolerance and financial behavior play mediating ‎roles in these relationships. Using a survey of 384 randomly selected credit card users across fifteen barangays, data were gathered through ‎a validated questionnaire with strong reliability. Statistical analyses, including Kruskal-Wallis tests and mediation modeling, were employed ‎to examine the relationships among variables. The findings revealed that respondents generally reported high levels of financial knowledge, ‎socio-economic status, risk tolerance, and positive financial behaviors, along with considerable financial satisfaction. Income and age ‎significantly influenced satisfaction levels, while factors like sex, marital status, education, and income source showed no meaningful ‎differences. Most importantly, the study uncovered that neither financial knowledge nor socio-economic status directly boosted satisfaction. ‎Instead, financial behavior emerged as the crucial link to what people actually do with their knowledge and resources matters far more than ‎simply possessing them. Surprisingly, risk tolerance played no significant role in translating knowledge or status into satisfaction. These ‎results suggest that knowing about finances or having favorable economic conditions isn't enough. The real key lies in turning that ‎knowledge into action through responsible financial practices. For developing economies like the Philippines, experiencing rapid credit ‎growth, this means financial education programs should focus less on theory and more on helping people develop practical money ‎management habits that truly improve their financial well-being‎.

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  • How to Cite

    Arcega, I. ., Encarnacion, J. M. ., Candelario, J. R. ., Amponin, K. A. ., Lastima , N. ., Gravador, R. ., Ceniza, R. ., Manalo, D. N. B. A. ., Perez, D. G. G. ., & Perez, D. A. M. . (2025). Behavioral Drivers of Financial Satisfaction: The Interplay of ‎Perceived Financial Knowledge and Socio-Economic Status. International Journal of Accounting and Economics Studies, 12(8), 561-570. https://doi.org/10.14419/zzsf4q36