Socialization and Assistance for Community Financial Literacy in Improving Family Welfare in Besilam Village

Abstract

The purpose of the socialization and assistance in writing this article is to improve financial literacy and the welfare of village communities. The problem of financial literacy, especially in villages, needs to be handled quite seriously. This is inseparable from the impact of digitalization which inevitably must be considered by people in the village also in managing family finances. The method in implementing this service uses lectures, discussions and illustrations regarding financial literacy and welfare. This service activity was carried out in Besilam Village using community objects and business actors. The results of this service are increasing community understanding of financial literacy in order to create family welfare. Financial literacy can help individuals achieve community goals with a better understanding of how to budget and save money, individuals can make plans that set expectations, make them responsible for finances, and set a direction to achieve goals that seem unattainable. Key to this understanding include an increased range of important financial skills and concepts. Strong financial literacy can help support a variety of life goals, such as saving for education or retirement, using debt responsibly, and running a business. Knowing how to budget, plan for retirement, manage debt, and track personal expenses