Asian Journal of Community Services (AJCS)
Vol. 2 No. 10 (2023): October 2023

An Effectiveness Analysis of Financial Educational Programs in Ngipik Village, Kulon Progo Yogyakarta

Dimas Bagus Wiranatakusuma (Unknown)



Article Info

Publish Date
19 Oct 2023

Abstract

Financial education is part of the approach for mitigating the effects of unanticipated financial problems. Financial education is important not only for businesses, but also for households and individuals. However, research concentrating on financial education are scarce as compared to financial planning in practice, such as investment, retirement or saving references. Financial education is, ideally, a prerequisite for financial planning skill. In our scenario, for example, residents in Ngipik village are illiterate and admit to lacking financial literacy knowledge. As a result, this article seeks to assess the effectiveness of a month-long financial education program aimed primarily at children, youth, and society in general. The results show that 72% of the targeted objects are satisfied with the programs and that they are successful in improving their financial literacy, particularly financial planning. This program, however, did not teach them using an algorithm that can recommend the ideal composition of assets gathered in order to preserve their life sustainability.

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Journal Info

Abbrev

ajcs

Publisher

Subject

Computer Science & IT Education Social Sciences

Description

Asian Journal of Community Services (AJCS) is an international platform for publishing the results of community service practices that carried out by researchers, academics, and the wider community. The AJCS Journal aims to explore problems and solutions that focus on practices related to community ...