Budiana Gomulia, Vera Intanie Dewi, Inge Barlian


The theories of financial decision for children and adults are different. Grody et al. (2008)(11) have shown that theories of financial decision for adults depend on the assumption that they are rational beings and have basic knowledge of financial concepts. Meanwhile, theories of financial decision for children emphasize the value of the habit of managing money that can be practiced as a good money management habit that they can rely on throughout their lives. This study has aim to measure the financial knowledge of elementary school students and to develop an education tool model to fill the gap in early financial education by teaching about money turnover concept as a mechanism to understand money management behavior better. The results of this study showed that 67% of students knew financial institution such as bank. The students' habits of saving money were very good with 83% of students already had the habit of saving money. In this study, grade level had significant effect on financial literacy, while gender did not affect financial literacy.


Financial literacy, Financial knowledge, Elementary school, Money management behavior, Financial habits, Elementary school students.


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