Table 1.

Variables definition

Construct	Definition
Financial literacy	The level of knowledge in finance among young adults and the significant relationship with day-to-day personal financial management to attain financial well-being
Financial behaviour	Young adults’ actions such as having a budget, cash flow management, make plans for spending, managing credit and planning finances for the longer term
Financial socialisation	When young adults look at their parents and family members as well as role models in the community to emulate
Self-control	Young adults’ ability to control their current self for something that is to come in the future as well as to gauge their control over their finances
Financial technology	Young adults’ adoption of financial technology platforms/services as part of the ecosystem of attaining financial well-being
Financial well-being	Young adults’ assessment of their quality of life according to their own chosen criteria and individual perception. This is by understanding their sufficiency of money for everyday living as well as emergency savings for the future