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Adoption of Family Financial Management Strategy Towards Financial Resilience Rahmawati, Christina Heti Tri; Caecilia Wahyu Estining Rahayu; Lukas Purwoto; Josephine Wuri
IMPACTS: International Journal of Empowerment and Community Services Vol. 3 No. 2 (2025)
Publisher : Faculty of Economics Universitas Sarjanawiyata Tamansiswa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30738/impacts.v3i2.19474

Abstract

Purpose ­ Family financial management as a process of managing income, expenses, savings, and investments related to financial resources so as to improve family welfare. The higher the income, the better the quality of family life. However, in reality, the amount of money owned does not necessarily guarantee financial resilience. Families with healthy financial conditions have the potential to achieve more. This community service activity raises the problems faced by Principal Teachers from kindergarten to junior high school levels at a private foundation in the Special Region of Yogyakarta Province in facing increasingly complex economic challenges, where not only is there a lack of financial management knowledge but also an inability to plan savings, debt management, lack of understanding of investment, and limited access to information related to finance. Therefore, the adoption of a family financial management strategy is important so that it can improve family financial resilience. This counseling activity aims to provide an understanding of the importance of adopting a family financial management strategy as the main pillar so that sustainable financial resilience can be achieved. Methods - This outreach activity was carried out with a holistic approach that combines educational, participatory, and collaborative aspects regarding the adoption of family financial management strategies for Principal Teachers from Kindergarten to Junior High School levels at a private foundation in the Special Region of Yogyakarta Province so that they can achieve sustainable financial resilience. The method is designed to ensure in-depth understanding and real application in everyday life. Result and discussions - The results of the counseling are expected to improve the understanding of adopting family financial management strategies for Principal Teachers from Kindergarten to Junior High School levels at a private foundation in the Special Region of Yogyakarta Province. Concrete achievements include the ability to have emergency funds of 3 to 6 times monthly income, loan installments of no more than 35% of monthly income, and the ability to save at least 10% of income every month. Conclusion – The implication of the results of this community service activity is that it is hoped that Principal Teachers from Kindergarten to Junior High School levels at a private foundation in the Special Region of Yogyakarta Province can adopt family financial management strategies so that they can achieve sustainable financial resilience that has an impact on family welfare.
The Effect of Financial Literacy Level and Demographic Factors on Investment Decision Senda, Deavicris Ari; Rahayu, Caecilia Wahyu Estining; Tri Rahmawati, Christina Heti
Media Ekonomi dan Manajemen Vol 35, No 1 (2020): Competitive Challenges Facing Indonesia in the Global Economy
Publisher : Fakultas Ekonomika dan Bisnis UNTAG Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (377.918 KB) | DOI: 10.24856/mem.v35i1.1246

Abstract

The aim of this research is to find out the effect of financial literacy level and demographic factors on investment decision on government employees in Kalibawang Community Health Center, Kulon Progo, Yogyakarta. The population of this research is the government employees in Kalibawang Community Health Center, 29 of them are treated as the sample of this research. The sampling technique used in this research is purposive sampling. The respondents are those who  have  been  doing  investment. The data used in this research are collected with questionnaires. The data analysis technique used in this research is the Chi Square test. The result shows that financial literacy does not affect investment decision. However, out of the demographic factors, only age, income and investment experience affect  investment decision. Meanwhile, the others demograpic factors such as gender and education do not affect investment decision.
Factors Affecting Student’s Financial Literacy (A Study on the Students of the Faculty of Economics and the Faculty of Science and Technology of Sanata Dharma University Yogyakarta) Egesta, Erren; Rahayu, Caecilia Wahyu Estining; Tri Rahmawati, Christina Heti
Media Ekonomi dan Manajemen Vol 36, No 1 (2021): January 2021
Publisher : Fakultas Ekonomika dan Bisnis UNTAG Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (434.225 KB) | DOI: 10.24856/mem.v36i1.1577

Abstract

This study aims to determine 1) the factors that affect students' financial literacy. The factors include gender, Grade Point Average (GPA) and allowance; 2) the differences in financial literacy between students of the Faculty of Economics and students of the Faculty of Science and Technology. The population in this study were active students from batch 2014-2017 of the Faculty of Economics and the Faculty of Science and Technology, Sanata Dharma University. The sampling technique employed was purposive sampling. The data analysis methods were the Chi-Square test and the Two Independent Sample Test with Mann Whitney Test. The test results show that 1) GPA factor significantly influences students' financial literacy,2) gender and allowance do not affect students' financial literacy,3) there are differences in financial literacy between students of the Faculty of Economics and the Faculty of Science and Technology, in which students of the Faculty of Economics have higher financial literacy level.