PERSONAL FINANCIAL LITERACY IN MOTOR PARTS INDUSTRY

Management

Financial literacy is one of those neglected issue in the motor parts industry. A lot of people join the job despite receiving any official training in personal finance, how to budget, saving, or various money-related topics. Businesses could not give financial literacy knowledge enough priority or attention. Instead of comprehensive financial education, job-related abilities are frequently prioritized. As a result, employees may lack the support and materials they need to improve their financial understanding and skills. This research aims to understand how people with financial literacy can make and keep budgets, which aid in keeping track of their spending, income and can utilize this information to better manage their personal finances and choose wisely when it comes to business spending. The data gathered through complete enumeration method to selected owners and workers of motor parts owners in Cateel. The researchers conducted the survey to all registered owners and workers of the motor parts industry and determine there is no significant difference in the level of financial literacy of motor parts industry owners and workers when grouped according to age, monthly income, educational background, years in business and role in the industry.

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