Financial Literacy And Personal Financial Management In Young Workers

Abstract

Financial management knowledge and skills have been empirically proven to be able to bring someone more financial success. This research aims to analyze the influence of financial literacy on personal financial management and the influence of risk preferences on personal financial management. Apart from that, to determine the level of financial literacy among young workers. The objects of this research were 122 young café workers spread across the city of Palopo. Data was collected through distributing questionnaires, processed and analyzed using the SPSS version 23 application. Testing methods used multiple linear regression tests and descriptive statistical tests. The results obtained show that the variables financial literacy and risk preference positively influence personal financial management. And the level of financial literacy among young cafe workers living in Palopo is at a medium level. Directed financial literacy creates wise personal financial management. Young workers' ability to understand financial concepts can optimize their financial potential and build a financial foundation strong for a more economically stable future