Financial Literacy and Lifestyle Among Employees of PT. Karang Wangkal Perkasa (KWP) Weda, Central Halmahera Regency

Abstract

Financial literacy refers to an individual's understanding and knowledge of various aspects of finance, including financial management. Effective financial management entails making wise decisions and maintaining discipline in handling financial resources. This study aims to assess the level of financial literacy among employees and their lifestyle choices regarding income usage, particularly among employees at PT. Karang Wangkal Perkasa (KWP). The study employed a qualitative method with a descriptive approach. Informants consisted of 10 employees aged 20-30 years, each with more than three years of working experience. Data collection techniques included observation, interviews, and documentation, while data analysis involved data reduction, presentation, and conclusion drawing. The findings indicate that although the 10 informants possessed a basic understanding of financial literacy, they demonstrated weaknesses in financial management, influenced by family background and education. Employees at PT. Karang Wangkal Perkasa predominantly spent their finances on daily consumption needs such as food and beverages, with varying lifestyle priorities.