The Importance of Understanding Personal Finance from a Young Age

Abstract

Personal financial understanding is the ability of an individual to manage income, expenses, and savings effectively. Adolescence is a crucial phase to build a foundation of financial literacy that supports smart decision-making in the future. This article aims to highlight the importance of financial literacy among teenagers through the Student Creativity Program (PKM) and provide an overview of applicable educational strategies. Using an experiential learning approach, this program can raise teenagers' awareness of the importance of personal financial management.