PERTANIKA JOURNAL OF SOCIAL SCIENCES AND HUMANITIES

Financial literacy is a form of basic skills and understanding related to financial concepts. Individuals need to have a good foundation of financial literacy to face the increasingly complex and challenging global economic environment. Studies on the level of financial literacy of secondary school students, especially the B40 group, were not explored much. As a result, this research identified the need to develop a financial literacy model for Malaysian B40 secondary school students. The data were analyzed through descriptive statistics based on percentages, mean values, and standard deviations. The findings indicated that school leaders perceived that the financial literacy model is needed and important for B40 Malaysian secondary school students. A strong foundation of financial literacy will provide the students with the knowledge and skills to confidently make financial decisions and manage personal finances efficiently and wisely in choosing the best financial products and services.