FINANCIAL LITERACY IN AN EFFORT TO IMPROVE FINANCIAL INDEPENDENCE OF THE PETOYAN COMMUNITY

Abstract

Financial management has a major impact not only on personal life but also on business activities. In this case, good financial literacy encourages good financial management in society. Individuals with good financial literacy tend to be able to save and reduce loans, while individuals with poor financial literacy tend to borrow a lot and save little. Indonesian society itself is still relatively minimal in terms of financial literacy which has an impact on poor financial management. That is why socialization related to financial literacy is deemed necessary to increase the financial independence of the community. The following socialization activity was carried out with the presentation of materials and discussions in three sessions with three different materials covering the basics of financial literacy, planning and management of MSME capital, and Scaling-Up Business. Based on the results of the activity, it was found that the community received the following activity well and enthusiastically, the number of invitations met the target, and the objectives of the activity were achieved, namely increasing public understanding and knowledge regarding financial literacy, ways to manage finances to keep them good, the dangers of illegal loans, and ways to develop a business.