Financial capability represents an essential competency in the achievement of one's well-being (Johnson & Sherraden, 2007).The field of money management (financial literacy and financial capability) is becoming more and more prominent, both in terms of published research (Goyal & Kumar, 2021) and in the field of policyoriented programmes. Even though the financial capability is being discussed from diverse perspectives (Marchant & Harrison, 2020;
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