Financial Literacy: The Foundation for Children to Live Prosperly in the Future

Abstract

This study aims to determine the financial literacy profile of early childhood, especially in Garut. Early childhood is considered too young to know and learn about finance. In the current digital era, the process of borrowing money is so easy that it makes many people trapped in online lending practices that are detrimental to various parties. In addition, the practice of the latter pay payment system is one of the factors that people get entangled in online loans. This happened because of the hedonistic nature of society and the lack of ability to manage finances properly. The approach used in this study is a qualitative approach with a case study method where the data collection process is carried out through observation, interviews, and documentation. The subjects in this study were kindergarten children, totaling 17 people. This research was conducted within 2 months. Based on data obtained from the field, early childhood literacy skills are very low, children do not yet understand the concept of currency, distinguish between wants and needs, the value of money, and the concept of saving.