How to Improve Financial Literacy
04 Nov 2022
How to Improve Financial Literacy
04 Nov 2022


Financial literacy itself is actually always related to the personal lives of each of us every day. But surely there are still many of us who do not realize the importance of Financial Literacy in today's era. In essence, Financial Literacy is the ability or belief to manage finances properly and correctly. By having knowledge of Financial Literacy, it really helps us to live more prosperous and prosperous financially.

In addition, the public must also be sure and believe that financial service institutions do their job well in conducting their business activities, and that they are regulated by strict provisions to protect their consumers. Financial literacy in Indonesia must be significantly improved. The financial literacy rate that occurs in Indonesian society is only 38% when financial inclusion reached 76% in 2019. The government should build digital infrastructure that is inclusive and equitable in various regions as well as socio-economic circles, especially those that are still not covered by digitalization.


The need for education about Financial Literacy should have been instilled since we were in elementary school, especially since we are now in an all-digital era. Financial Literacy is used as a measuring tool to find out how many people do not have knowledge of available financial service institutions. Information like this is very valuable for us Millennials to develop financial education programs.            

"If the knowledge of financial literacy is high, then a person will be able to achieve financial/financial goals in his life."

His literacy in financial literacy will enable a person to manage funds, take advantage of interest rates, prepare various savings and emergency funds or other financial needs. On the other hand, financial management institutions will get increased financial transactions. Because with the increase in financial transactions, in addition to financial service institutions, people who are literate in financial literacy will make the country's economy grow.



1. Evaluate your relationship with money

Begin evaluating your relationship with money by writing down your first experience with money and asking yourself how that experience affected your perception of money today.


2. Know your “Magic Numbers”

We must be able to know the amount of income and expenses such as your name or date of birth. This amount of income and expenditure is called "Magic Numbers".


3. Create “Brain Dump Goals”

Think about what you want to achieve and write down Goals and make a list of action items for us to achieve them. Let the ideas flow, decide what is most important to you and work from there.


4. Achieve your goals by taking action

This helps not only to set goals but also to identify the actions that need to be taken along the way to achieve them. You can create your own path to goal setting, but some kind of structure will help.


Source: Money +