Developing Students' Financial Literacy and Financial Behaviour by Students' Emotional Quotient

Indonesian financial level exists at the middle level to demand efforts to improve financial literacy and financial behaviour. This study aims to determine the effect of emotional capability to financial literacy and its implications for financial behaviour. This research is a descriptive study using multiple regression analysis. The study was conducted at Senior High School in two places with different characteristics as a moderating variable. This study used 120 respondents for each school and using simple random sampling. The results have shown that financial literacy is not enough to make financial decisions in terms of managing personal finances. It takes emotional quotient to make financial decisions which can eventually build the financial behaviour of students in terms of managing finances for consumption and saving habits. Based on the results of different test, the Senior High School which is located in the central of areas the craft (Tasikmalaya) have literacy and financial behaviour is better than the Senior High School of the tourist area (Cianjur).