Financial Literacy among Investors

Knowledge of financial management is important in life so that everything planned can follow the planned schedule.With the knowledge of financial management, everything related to finance needs to be arranged to ensure long term life to avoid financial pitfalls.Financial literacy plays an important role in managing expenses so that they can be controlled according to plan.Financial management can enhance the ability in producing individuals who wisely plan financially in every aspect of life.The objectives of the study are to identify the level of financial literacy among investors and identify the effects of lack of financial literacy.This paper seeks to unravel the importance of financial literacy in influencing financial behavior.In general, the method used in producing this study is part of a qualitative approach that involves highlighting and analysis of secondary data obtained through documents, research results or writings that have been highlighted.The data obtained were then analyzed systematically using writing content analysis techniques.The results show that each aspect of finance includes financial management skills, planning, budgeting, control and savings.Therefore, efforts need to be made to improve the level of financial literacy and financial behavior, especially among investors.