Objective - This study aims to obtain empirical evidence of the effect of economic incentives, financial technology, and financial literacy on financial planning.

Methodology – The data used in this study came from a questionnaire with 113 millennial respondents who live throughout Indonesia. Questionnaires were distributed in 2020 to understand millennial financial planning and the factors influencing it during the Covid-19 pandemic.

Findings – This research found that economic incentives did not affect financial planning, while financial literacy and financial planning had a positive and significant effect on financial planning.

Novelty – This study is among the first to learn the effect of the Covid-19 pandemic on millennials' finance.

Type of Paper - Empirical

Keywords: Economic Incentive, Financial Literacy, Financial Planning, Financial Technology, Millennials

JEL Classification: D01, D14

URI: http://gatrenterprise.com/GATRJournals/JFBR/vol7.2_1.html

DOI: https://doi.org/10.35609/jfbr.2022.7.2(1)

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