THE IMPORTANCE OF FINANCIAL EDUCATION IN SHAPING STUDENTS’ ECONOMIC LITERACY

Abstract

Financial education plays a crucial role in improving students' economic literacy. Good financial literacy enables students to make sound financial decisions, manage their personal finances effectively, and plan for the future more strategically. This study aims to highlight the importance of financial education in equipping students with fundamental knowledge and skills in financial management, such as budgeting, debt management, and investment. The research method used is descriptive qualitative, conducted through interviews with students and economics lecturers. The results show that financial education not only helps students avoid financial problems and stress caused by poor fund management, but also increases awareness of the importance of distinguishing between needs and wants, as well as building saving and investing habits from an early age. Therefore, the integration of financial education into the higher education curriculum is highly recommended to strengthen students' economic literacy, prepare them to face future economic challenges, and contribute to national economic prosperity