Personal financial management requires financial literacy. Good and correct financial management is needed by individuals and families. In order for financial management to be efficient and effective, financial literacy is needed so that mistakes do not occur. The problem of lack of income is not only due to low income but also because of mistakes in financial planning and management, such as mistakes in the use of debt. The increasing attention regarding financial literacy, this proves how important financial literacy is for individuals and society. Financial Services Authority (OJK) released the results of research on low levels of financial literacy and research generally shows the same results, especially in developing countries.
Widyastuti et al. (Wed,) studied this question.