Analysis of the Influence of the Role of Financial Literacy on Personal Financial Management

This study aims to analyze the effect of the role of financial literacy on personal financial management. The method in this study uses a systematic method by identifying, finding, and discussing selected research journal articles. Data were obtained from scientific articles relevant to the topic of this research. Through the process of finding, discovering, and interpreting the results, the researcher concludes that financial literacy has three main roles, namely: 1) financial literacy plays an important role in a better financial planning process; 2) financial literacy plays an important role in making finances more precise. decisions and their real implementation; and 3) financial literacy plays a role in achieving financial prosperity. The role of financial literacy will adjust to the needs of financial professionals. This can be seen from the dependence of the purpose of the financial plan on the level of financial literacy possessed by financial planners.