ANALYSIS OF FINANCIAL LITERACY LEVELS AND ITS INFLUENCE ON FINANCIAL DECISIONS OF THE COMMUNITY OF KWALA SERAPUH VILLAGE, LANGKAT DISTRICT

Noni Ardian, M. Chaerul Rizky, Angelica Br. Capah

Abstract


The aim of this research is to examine and analyze the level of financial literacy and its impact on the financial decisions of the people of Kwala Serapuh Village, Langkat Regency. The sample in this study consisted of the people of Kwala Serapuh Village with a total of 36 respondents. Data were analyzed using SPSS software. The research results show that the highest significance in the financial literacy variable of the Kwala Serapuh Village community is the ability to have sufficient savings to overcome unexpected needs. The t-statistic results show that financial literacy influences the financial decisions of the people of Kwala Serapuh Village. The remainder can be attributed to other factors not included in the scope of this research. The implication of this research is the importance of increasing financial literacy among the people of Kwala Serapuh Village, Langkat Regency, so that they can manage their finances more wisely and avoid financial difficulties in the future.

Keywords: Financial Literacy, Financial Decisions, Kwala Serapuh Village.


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