Web-Based Financial Literacy Platform: An Innovative Approach to Financial Education

In an era where financial decisions significantly influence individuals' lives, financial literacy has become an indispensable skill. Despite its importance, many people lack adequate knowledge of personal financial management, leading to poor savings habits, imprudent investments, and increased vulnerability to debt traps. This paper introduces a web-based financial literacy platform to educate on finance, savings, investments, and debt management through interactive games and comprehensive educational modules. The platform’s design is rooted in a conceptual model that explores the relationship between financial well-being, financial self-efficacy, and financial literacy. While financial well-being is an endogenous variable, financial literacy is considered an exogenous variable that may be quantified using concepts like financial awareness, experience, and competence. well-being is an endogenous variable, determined by factors such as emergency financial preparedness, current money management stress, and perceived financial security. The platform aims to enhance users' financial literacy and positively impact their financial self-efficacy, thereby improving their overall financial well-being. This creative strategy equips people with the information and abilities needed to make wise financial decisions, ultimately leading to a society that is more secure and financially literate.