Abstract
The concept of money complements refers to financial tools, practices, and resources that work synergistically with money to enhance its value and utility in various economic and social contexts. This study explores the relationship between knowledge and practice in the use of money complements, aiming to understand how individuals’ financial literacy influences their use and management of these complementary tools. By employing a mixed-methods research approach, this study collects both quantitative data through surveys and qualitative insights via interviews, focusing on a diverse sample of individuals across different socioeconomic backgrounds. The data analysis reveals significant patterns: those with higher financial knowledge demonstrate more effective use of money complements, resulting in better financial management and decision-making. Additionally, socioeconomic factors such as income, education, and cultural context were found to affect the practice of using money complements. The findings suggest that enhancing financial literacy could improve the practical application of money complements, leading to better financial outcomes for individuals. The study recommends a focus on financial education at various levels, with an emphasis on practical applications. Future research should explore the evolving role of digital financial tools and the impact of global economic shifts on the use of money complements.
