Role of Financial Literacy and Financial Behavior in Early Modern

This aims to analyze how financial literacy is in the modern era. This research is a literature review of several studies. The results show that financial difficulties are not only caused by income effects, but can also be influenced by excessive or consumptive lifestyles and mistakes in financial management, such as the absence of financial planning. Behaviors and lifestyles are increasingly higher day to make people more happy to consume rather than save when they have money. An attitude in good financial management starts with applying financial attitude a goodtowards the world in which it lives. So that it can be interpreted as a state of mind, opinion and evaluation of a person against his personal finances that are applied to the attitude. Attitudes in financial management often affect one's financial behavior. Financial behavior of Indonesian people who tend to be consumptive has led to various irresponsible financial behaviors such as lack of saving, investment, emergency fund planning and future budgeting.