Financial Literacy: The Key to Successful Family Financial Management

Fahmi Ashari S. Sihaloho

Abstract


The family is the smallest unit of a society. The family is a unit consisting of the head of the household and several people who gather and live in one place under one roof in a state of mutual dependence on one another. Financial problems are something that must be experienced by a family, especially families who are just starting the household ark. Therefore, it is necessary to have good financial literacy so that family finances can be managed properly in order to achieve family welfare. The method used in this paper is literature study from journals and books and other publications related to the variables in this paper. The data in this study were taken from books and journal articles which were combined to provide solutions and procedures for good family financial management. This paper discusses how to do good financial planning so that families can adjust their expenses to family income. It is hoped that this paper can reduce the negative impact of public ignorance about family financial management

Keywords


Financial literacy; Family financial management; Family welfare

Full Text:

PDF

References


Aisa, N. N. (2022). Do Financial Literacy and Technology Affect Intention to Invest in the Capital Market in the Early Pandemic Period? Journal of Accounting and Investment, 23(1), 49–65. https://doi.org/10.18196/JAI.V23I1.12517

Ajibola, I. M., Saheed, D. O., & Adedoyin, L. (2021). Impact Of Microfinance Institutions On Financial Literacy In North Central Geo-Political Zone Nigeria. Copernican Journal of Finance & Accounting, 9(4), 9–25. https://doi.org/10.12775/CJFA.2020.019

Ardiana, M. (2017). Kontrol Diri, Pendidikan Pengelolaan Keuangan Keluarga, Pengetahuan Inklusi Keuangan Siswa Pengaruhnya Terhadap Perilaku Menabung Siswa Smk Se Kota Kediri. Jurnal Ekonomi Pendidikan Dan Kewirausahaan, 4(1), 59–75. https://doaj.org/article/6c03f0313ecd4a2da0477406446d92a2

Buchdadi, A. D., Solikha, Waspodo, A. A. W. S., & Kurniati, D. (2019). Pemberdayaan Masyarakat Melalui Pendidikan Perencanaan Dan Pengelolaan Keuangan Rumah Tangga Dan Investasi Bagi Ibu Rumah Tangga Dalam Rangka Peningkatan Kualitas Hidup Keluarga. Jurnal Pemberdayaan Masyarakat Madani, 3(1), 137–154.

Budiwan, J. (2018). Pendidikan Orang Dewasa (Andragogy). QALAMUNA: Jurnal Pendidikan, Sosial, Dan Agama, 10(02). https://doi.org/10.5281/ZENODO.3559265

Foster, B., Sukono, & Johansyah, M. D. (2021). Analysis of the Effect of Financial Literacy, Practicality, and Consumer Lifestyle on the Use of Chip-Based Electronic Money Using SEM. Sustainability 2022, Vol. 14, Page 32, 14(1), 32. https://doi.org/10.3390/SU14010032

Goss, B. (2001). 11 Top Financial Planning Mistakes And How To Avoid Them Chiropractic Economics.

Kadarko, W. (n.d.). Jurnal PTJJ Volume 1.1/Kemampuan Belajar Mandiri dan Faktor-faktor Psikososial yang Mempengaruhinya: Kasus Universitas Terbuka. Retrieved April 1, 2023, from http://simpen.lppm.ut.ac.id/ptjj/PTJJ%20Vol%201.1%20maret%202000/11wahyuni.htm

Khan, F., Siddiqui, M. A., & Imtiaz, S. (2022). Role of financial literacy in achieving financial inclusion: A review, synthesis and research agenda. Http://Www.Editorialmanager.Com/Cogentbusiness, 9(1). https://doi.org/10.1080/23311975.2022.2034236

Khoiriah, N., Ningsih, D., Karmiyati, S., Purnama, A., & Abdullah, A. (2020). Memperkenalkan Manajemen Keuangan Dengan Skala Prioritas Keuangan Pada Ibu-Ibu Rumah Tangga Kelurahan Pondok Benda. Jurnal Pengabdian Dharma Laksana, 3(1), 73–79. https://doi.org/10.32493/J.PDL.V3I1.6303

Khusaini, K., Mardisentosa, B., Bastian, A. F., Taufik, R., & Widiawati, W. (2022). The Impact of Financial Education and Socioeconomic Status on the Undergraduate Students’ Financial Literacy. Media Ekonomi Dan Manajemen, 37(1), 55–76. https://doi.org/10.24856/MEM.V27I01.2385

Klochko, A. M., Politova, A. S., Khankevych, A. M., & Havrik, R. O. (2020). Фінансова Грамотність Як Основа Культури Населення В Україні. Financial and Credit Activity Problems of Theory and Practice, 1(32), 463–469. https://doi.org/10.18371/FCAPTP.V1I32.200647

Mawad, J. L., Athari, S. A., Khalife, D., & Mawad, N. (2022). Examining the Impact of Financial Literacy, Financial Self-Control, and Demographic Determinants on Individual Financial Performance and Behavior: An Insight from the Lebanese Crisis Period. Sustainability 2022, Vol. 14, Page 15129, 14(22), 15129. https://doi.org/10.3390/SU142215129

Mintarti, D. (2016). Citation: Dikria,Okky & Sri Umi Mintarti W (2016) Pengaruh Literasi Keuangan Dan Pengendalian Diri Terhadap Perilaku Konsumtif Mahasiswa Jurusan Ekonomi Pembangunan Fakultas Ekonomi Universitas Negeri Malang Angkatan. The Effect of Financial Literacy and Self-Control On, 09(2), 128–139. https://doi.org/10.17977/UM014v09i22016p128

Novieningtyas, A. (2018). Pentingnya Edukasi Literasi Keuangan Sejak Dini. Manners, 1(2), 133–137.

OECD. (2016). Education at a Glance 2016 OECD Indicators. December.

OJK. (2021). Strategi Nasional Literasi Keuangan Indonesia 2021 - 2025 1. 1–130.

Pandey, A., Kiran, R., & Sharma, R. K. (2022). Investigating the Impact of Financial Inclusion Drivers, Financial Literacy and Financial Initiatives in Fostering Sustainable Growth in North India. Sustainability 2022, Vol. 14, Page 11061, 14(17), 11061. https://doi.org/10.3390/SU141711061

Postryhach, N. (2022). Peculiarities of implementation of lifelong learning policy in Turkey. ScienceRise: Pedagogical Education, 3(48), 56–61. https://doi.org/10.15587/2519-4984.2022.257601

Prado, S. M. M., Franco, M. J. Z., Zapata, S. G. Z., García, K. M. C., Everaert, P., & Valcke, M. (2022). A Systematic Review of Financial Literacy Research in Latin America and The Caribbean. Sustainability (Switzerland), 14(7), 3814. https://doi.org/10.3390/SU14073814/S1

Prasetiyani, E., Sumidartini, A. N., & Barlian, A. (2021). Financial Literacy and Inclusion Analysis of the Community of Pulau Seribu (A Case Study on Pramuka Island on the Limitations of Banking Financial Services in the Pulau Seribu). Ilomata International Journal of Tax and Accounting, 2(4), 255–261. https://doi.org/10.52728/IJTC.V2I4.373

Prymostka, L. O., Krasnova, І., Prymostka, O., Nikitin, A., & Shevaldina, V. (2020). Фінансова Інклюзія В Україні: Детермінанти Та Оцінка. Financial and Credit Activity Problems of Theory and Practice, 2(33), 500–512. https://doi.org/10.18371/FCAPTP.V2I33.207218

Rahayu, R., Ali, S., Aulia, A., & Hidayah, R. (2022). The Current Digital Financial Literacy and Financial Behavior in Indonesian Millennial Generation. Journal of Accounting and Investment, 23(1), 78–94. https://doi.org/10.18196/JAI.V23I1.13205

Reverse Bank of India. (2020). National Strategy for Financial Education 2020-2025.

Sari. (2018). Pendidikan Literasi Keuangan melalui Program Kemitraan dengan Bank untuk Mengurangi Perilaku Konsumtif pada Mahasiswa. Jurnal Pendidikan Ilmu Sosial, 28(1), 22–30.

Stordy, P. (2015). Taxonomy of literacies. Journal of Documentation, 71(3), 456–476. https://doi.org/10.1108/JD-10-2013-0128

Suchocka, L., Yarasheva, A., Medvedeva, E., Aleksandrova, O., Alikperova, N., Kroshilin, S., Aleksandrova, O. A., & Pavlov, I. P. (2022). Modern Media Space And Financial Literacy Of Young People. Humanities and Social Sciences , 29(1), 61–71. https://doi.org/10.7862/RZ.2022.HSS.05

Twumasi, M. A., Jiang, Y., Ding, Z., Wang, P., & Abgenyo, W. (2022). The Mediating Role of Access to Financial Services in the Effect of Financial Literacy on Household Income: The Case of Rural Ghana. SAGE Open, 12(1). https://doi.org/10.1177/21582440221079921/ASSET/IMAGES/LARGE/10.1177_21582440221079921-FIG2.JPEG

Xu, Q., & Sun, W. (2022). Does financial inclusion promote investment and affect residents’ happiness?—Evidence from China. Frontiers in Psychology, 13, 4960. https://doi.org/10.3389/FPSYG.2022.988312/BIBTEX

Xu, S., Yang, Z., Ali, S. T., Li, Y., & Cui, J. (2022). Does Financial Literacy Affect Household Financial Behavior? The Role of Limited Attention. Frontiers in Psychology, 13, 3087. https://doi.org/10.3389/FPSYG.2022.906153/BIBTEX

Yudha, A., & Pradana, A. (2022). Combination of Financial Knowledge and Financial Attitude in Establishing Good Financial Management Behaviour for Students After the COVID-19 Pandemic. Journal of Theoretical and Applied Management (Jurnal Manajemen Teori Dan Terapan), 15(2), 224–235. https://doi.org/10.20473/JMTT.V15I2.37906

Yushita, A. N. (2017). Pentingnya Literasi Keuangan Bagi Pengelolaan Keuangan Pribadi. Nominal, Barometer Riset Akuntansi Dan Manajemen, 6(1). https://doi.org/10.21831/nominal.v6i1.14330




DOI: https://doi.org/10.20527/jee.v4i1.6347

Refbacks

  • There are currently no refbacks.


 

JEE has been Accredited by:


JEE has been Indexed/Abstracted/Listed by:

 

 

 

 

 

 

Managed by:

PROGRAM STUDI PENDIDIKAN EKONOMI
FAKULTAS KEGURUAN DAN ILMU PENDIDIKAN
UNIVERSITAS LAMBUNG MANGKURAT

Jl. Brigjend H. Hasan Basry, Kampus ULM Banjarmasin, Kota Banjarmasin, Kecamatan Banjarmasin Utara, Provinsi Kalimantan Selatan, Indonesia, 70123

  

Journal License:


Journal of Economics Education and Entrepreneurship is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License