Business, Management and Accounting
a year ago

Financial literacy key to achieving financial prosperity and better decision-making.

European Journal of Business Management and Research
Analysis of the Influence of the Role of Financial Literacy on Personal Financial Management
Wisnu Yuwono, Susanna, Dinda Suci Ramadhani, Eka Widya Sasmita, Wan Hendri Sihotang

Paper Summary

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The study looked at how knowing more about money affects how people manage their finances. They reviewed different research articles to find out. The researchers found that being financially literate helps with making better financial plans, making smarter money decisions, and reaching financial goals. Financial professionals can use this knowledge to tailor financial plans to fit their clients' needs.