Financial Literacy and Fintech Use on Financial Resilience: The Mediating Role of Financial Inclusion
DOI:
https://doi.org/10.22225/jj.13.1.2026.113-124Keywords:
financial literacy, fintech, financial inclusion, financial resilience, teacherAbstract
Financial resilience is a critical determinant of financial security. Teachers, as important figures in the educational landscape, endure substantial responsibilities in educating the new generation. Unfortunately, precarious socioeconomic conditions of teachers can undermine their professional performance. In turn, suboptimal financial management practices among educators can set a negative precedent, influencing students’ financial behaviors and attitudes. Addressing this research gap, the present study investigates the impact of financial literacy and the utilization of financial technology (fintech) on financial resilience, with financial inclusion acting as a mediating factor. This study applies the causality method to measure primary data through questionnaires with data collection techniques using google forms. A total of 116 high school teachers in Buleleng Regency with criteria determined by the researcher participated in this study. Data was analyzed using variant-based analysis of the Structural Equation Model (SEM) with Partial Least Square (PLS) version 3.0. The findings reveal that both financial literacy and fintech usage positively and significantly affect financial inclusion. Moreover, these variables, along with financial inclusion, exert a significant influence on financial resilience. Financial inclusion was also found to mediate the relationship between financial literacy and fintech use with financial resilience. The study highlights the importance of strengthening financial literacy and responsible fintech usage among teachers to enhance their financial resilience and long-term financial wellbeing. Additionally, financial inclusion plays a crucial supporting role in achieving financial resilience. This research enriches the existing literature by elucidating the roles of financial literacy, fintech use, and financial inclusion in shaping teachers' financial resilience.
References
Amnas, M. B., Selvam, M., & Parayitam, S. (2024). FinTech and Financial Inclusion: Exploring the Mediating Role of Digital Financial Literacy and the Moderating Influence of Perceived Regulatory Support. Journal of Risk and Financial Management, 17(3). https://doi.org/10.3390/jrfm17030108
Ariana, I. M., Wiksuana, I. G. B., Candraningrat, I. R., & Baskara, I. G. K. (2024a). The effects of financial literacy and digital literacy on financial resilience: Serial mediation roles of financial inclusion and financial decisions. Uncertain Supply Chain Management, 12(2), 999–1014. https://doi.org/10.5267/j.uscm.2023.12.008
Ariana, I. M., Wiksuana, I. G. B., Candraningrat, I. R., & Baskara, I. G. K. (2024b). The effects of financial literacy and digital literacy on financial resilience: Serial mediation roles of financial inclusion and financial decisions. Uncertain Supply Chain Management, 12(2), 999–1014. https://doi.org/10.5267/j.uscm.2023.12.008
Assaf, J., & Antoun, S. (2024). Impact of job satisfaction on teacher well-being and education quality. Pedagogical Research, 9(3). https://doi.org/10.29333/pr/14437
Azima, F. Z. Z., & Kurniawan, Y. (2025). An analysis of factors influencing the use of online loan applications among university students in Jakarta. Edelweiss Applied Science and Technology, 9(5), 3134–3148. https://doi.org/10.55214/25768484.v9i5.7654
Belayeth Hussain, A. H. M., Endut, N., Das, S., Chowdhury, M. T. A., Haque, N., Sultana, S., & Ahmed, K. J. (2019a). Does financial inclusion increase financial resilience? Evidence from Bangladesh. Development in Practice, 29(6), 798–807. https://doi.org/10.1080/09614524.2019.1607256
Belayeth Hussain, A. H. M., Endut, N., Das, S., Chowdhury, M. T. A., Haque, N., Sultana, S., & Ahmed, K. J. (2019b). Does financial inclusion increase financial resilience? Evidence from Bangladesh. Development in Practice, 29(6), 798–807. https://doi.org/10.1080/09614524.2019.1607256
Del Sarto, N., & Ozili, P. K. (2025). FinTech and financial inclusion in emerging markets: a bibliometric analysis and future research agenda. International Journal of Emerging Markets, 20(13), 270–290. https://doi.org/10.1108/IJOEM-08-2024-1428
Gao, Y., Rojasavachai, R., Rouxelin, F., & Yang, L. (2025). Financial Illiteracy as a Systemic Risk: Implications for Household Resilience and Portfolio Vulnerability. Journal of Portfolio Management, 51(7), 216–229. https://doi.org/10.3905/jpm.2025.1.702
Hair, J. F., Hult, G. T. M., Ringle, C. M., & Sarstedt, M. (2017a). A primer on partial least squares structural equation modeling (PLS-SEM) (2nd Ed). Thousand Oaks: Sage Publications, Inc.
Hair, J. F., Hult, G. T. M., Ringle, C. M., & Sarstedt, M. (2017b). A primer on partial least squares structural equation modeling (PLS-SEM) (2nd Ed). Thousand Oaks: Sage Publications, Inc.
Hamid, F. S., Loke, Y. J., & Chin, P. N. (2023). Determinants of financial resilience: insights from an emerging economy. Journal of Social and Economic Development, (0123456789). https://doi.org/10.1007/s40847-023-00239-y
Herawati, N. T., Candiasa, I. M., Yadnyana, I. K., & Suharsono, N. (2018). Factors That Influence Financial Behavior Among Accounting Students in Bali. International Journal of Business and Administration, Vol. 9(No.3), 30–39.
Hussain, M., & Papastathopoulos, A. (2022a). Organizational readiness for digital financial innovation and financial resilience. International Journal of Production Economics, 243(February 2021), 108326. https://doi.org/10.1016/j.ijpe.2021.108326
Hussain, M., & Papastathopoulos, A. (2022b). Organizational readiness for digital financial innovation and financial resilience. International Journal of Production Economics, 243(February 2021), 108326. https://doi.org/10.1016/j.ijpe.2021.108326
Hussain, M., & Papastathopoulos, A. (2022c). Organizational readiness for digital financial innovation and financial resilience. International Journal of Production Economics, 243(October 2021), 108326. https://doi.org/10.1016/j.ijpe.2021.108326
Huston, S. J. (2010). Measuring Financial Literacy. Journal of Consumer Affairs, 44(2), 296–316. https://doi.org/10.1111/j.1745-6606.2010.01170.x
Idris, M. (2022). Guru, Profesi yang Paling Banyak Jadi Korban Pinjol Ilegal. Money.Kompas.Com. https://money.kompas.com/read/2022/10/09/115621926/guru-profesi-yang-paling-banyak-jadi-korban-pinjol-ilegal
Ika, A. (2023). Mengapa Banyak Guru Terjerat Pinjol? Ini Penjelasan Rhenald Kasali dan OJK. Money.Kompas.Com. https://money.kompas.com/read/2023/11/09/050000126/mengapa-banyak-guru-terjerat-pinjol-ini-penjelasan-rhenald-kasali-dan-ojk
Kamble, P. A., Mehta, A., & Rani, N. (2025). Measuring Multidimensional Financial Resilience: An Ex-ante Approach. Social Indicators Research, 176(2), 533–567. https://doi.org/10.1007/s11205-024-03476-8
Kamiya, T. (2017). A review of definitions and measurement scales for financial literacy. Japanese Journal of Psychology, 87(6), 651–668. https://doi.org/10.4992/jjpsy.87.15401
Kusumaningtyas, I., Hakim, L., & Harti, H. (2022). Pengaruh Literasi Keuangan Dan Inklusi Keuangan Terhadap Perilaku Investasi Guru Ekonomi Sma/Ma Kota Surabaya. Jurnal Ekonomi Pendidikan Dan Kewirausahaan, 10(2), 141–154. https://doi.org/10.26740/jepk.v10n2.p141-154
Latan, H., & Ghozali, I. (2012). Partial Least Squares Konsep, Teknik, dan Aplikasi Smart PLS Versi 2.0 M3. Badan Penerbit Universitas Diponegoro.
Liu, Z., Chen, J.-K., & Xiao, J. J. (2025). Financial resilience: a scoping review, conceptual synthesis and theoretical framework. International Journal of Bank Marketing, 43(7), 1541–1576. https://doi.org/10.1108/IJBM-12-2024-0735
Lusardi, A., Hasler, A., & Yakoboski, P. J. (2021). Building up financial literacy and financial resilience. Mind and Society, 20(2), 181–187. https://doi.org/10.1007/s11299-020-00246-0
Lusardi, A., Mitchell, O. S., & Curto, V. (2010). Financial Literacy among the Young. Journal of Consumer Affairs, 44(2), 358–380. https://doi.org/10.1111/j.1745-6606.2010.01173.x
Matey, J., Duut, J. Y., & Kombian, M. F. (2021). Financial Literacy Education: Implication on the Economic and Social Life of the Teacher in Ghana. International Research Journal of Multidisciplinary Scope, 2(1), 14–27. https://doi.org/10.47857/irjms.2021.v02i01.046
Nutassey, V. A., Frimpong, S., Agyei, S. K., & Amoako, D. (2024). Financial literacy induced financial well-being in Ghana: Does financial inclusion mediate? Thunderbird International Business Review, 66(4), 325–337. https://doi.org/10.1002/tie.22381
OJK. (2016). Survei Nasional Literasi dan Inklusi Keuangan Indonesia.
Paneda, M. G. P., & Albay, E. M. (2025). Financial literacy of secondary school teachers in the Department of Education–Division of La Union. International Journal of Evaluation and Research in Education, 14(4), 2521–2529. https://doi.org/10.11591/ijere.v14i4.32038
Prameswari, A. P. (2020). Student’s Financial Knowledge And Financial Resilience. Bulletin of Fintech and Digital Economy, 1(1), 1–11.
Setyorini, N., Indiworo, R. H. E., & Sutrisno, S. (2021). The Role Financial Literacy and Financial Planning to Increase Financial Resilience: Household Behaviour as Mediating Variable. Media Ekonomi Dan Manajemen, 36(2), 243. https://doi.org/10.24856/mem.v36i2.2179
Steelyana, E. (2013). Perempuan dan Perbankan: Sebuah Tinjauan Tentang Peran Inklusi Keuangan terhadap Pengusaha UMKM Perempuan di Indonesia. The Winners, 14(2), 95. https://doi.org/10.21512/tw.v14i2.649
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2026 Nyoman Trisna Herawati, Made Ary Meitriana, Ni Kadek Sinarwati
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
