Moderation of Intellectual Intelligence on the Effect of Financial Skills and Financial Planning on Women's Financial Literacy Capacity

Abstract

This article proves that intellectual intelligence is able to moderate the effect of financial skills and financial planning on women's financial literacy capacity. The sample in this study consisted of 430 respondents from women in Indonesia. Data analysis using structural equation modeling partial least squares (PLS-SEM). Based on the results of the study, shows that financial skills have a significant effect on women's financial literacy capacity which is moderated by intellectual intelligence and financial planning has a significant effect on women's financial literacy capacity which is moderated by intellectual intelligence. The results of this study recommend that for women if they want to increase their financial literacy capacity, the main strategy that must be applied is to have good financial skills and financial planning and be strengthened by having adequate intellectual intelligence. Improving the financial literacy capacity of women is believed to be able to help increase the percentage of women's financial literacy index in Indonesia and to equalize the gender gap.