FINANCIAL SELF EFFICACY AMOUNG THE EMPLOYEES OF CO-OPERATIVE SOCIETIES IN IDUKKI DISTRICT

Financial behaviours become most important parts of everybodys life. Everyone is required to have sufficient skills and knowledge to manage their finances and wealth. The present study examines the financial self-efficacy of employees in co-operatives societies in Idukki district. The study is descriptive in nature. The study uses both secondary as well as primary data. The primary data had been collected from 200 respondents who were selected through multistage random sampling technique. The collected data were analysed by means of simple percentage, one sample t-test and multiple regression. The study observes that PERMA behaviours are good but a considerable number of respondents did not have any financial plan, tax management practices and not taking financial decisions by logical thinking. Majoritys financial self-efficacy is good. They will have to go for proper financial plan too. Logical thinking coupled with proper tax management and financial plan will result into good financial self-efficacy. They will have to consider their volume of monthly income, monthly expenditure and buffer savings for meeting emergencies. The rest of the value only to be expended emotionally. As many of the respondents have good PERMA behaviours, they will have to keep such behaviours intact always because these behaviours according to the study have an impact on their financial self-efficacy.