Abstract:

Financial literacy is basically a skill for making decisions about financial products and their applications. It is not only important for individuals / households also it is important for developing capital markets. If capital markets wanted to be developed, investor floor should be improved. Thus, financial education practices are important in this stage. The first aim of the study is to determine financial literacy level of the participants in the survey and the second aim of the study is to determine household’s attitudes and knowledge levels about managing their house budgets. The survey was administrated to 83 investors who lived in Kocaeli. The selection was made by random sampling. ANOVA used to test variables. The results of the analysis shows that participants do have knowledge of basic economic and financial concepts but their financial literacy about complex financial products and techniques are unsatisfactory for this study. Besides that households do not make enough investment especially in bond, stock and funds.

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