Family Financial Planning: Financial Technology and Financial Literacy

Abstract

Family financial planning is crucial in achieving a prosperous family. Financial technology (fintech) and financial literacy are supportive factors in creating effective family financial planning. This research aims to examine family financial planning, focusing on the influence of financial technology and financial literacy. The research method used is library research with a qualitative approach, drawing information from various publications, journals, books, and articles related to the role of financial technology in family financial planning, digital payment tools in facilitating family financial management, the impact of financial literacy on family financial planning, and strategies for improving financial literacy within the family. Finances play a significant role in individuals' and households' lives. Proper financial management can enhance the well-being of individuals and families. The development of financial technology affects user behavior and provides various financial applications and services. In this digital era, family financial literacy is essential for making wise financial decisions regarding the use of fintech. Strategies for improving financial literacy include wise spending of income and leveraging financial institutions.