Financial satisfaction is one of the effects if spending habit is in the most desirable way. This is generally supported by the previous studies indicated that best practice behavior in finance increases financial satisfaction while risky behavior decreases financial satisfaction (Xiao et al., 2014); (Robb and Woodyard, 2011). Therefore, financial satisfaction depends on the ability of people to manage and take control of their personal finance in order to improve their financial decision making and financial status. This shows that understanding the importance of financial knowledge is necessary for effective financial management. Financial knowledge is one of the aspects that need to be concern by an individual in order to manage his or her finance in personal and work life effectively and many research in this area have been done to show that financial knowledge has significant effects on financial decisions making (Taft et al., 2013). According to (Mouna and Jarboui, 2015). the lack of financial knowledge and skills can drive to poor financial behavior in gathering and digesting all important financial information and thus. leads to inappropriate financial decisions and achieve less efficient wealth allocation accordingly. The