Influence of financial literacy, financial attitude, and parental income on personal financial management behaviour: a case study on the millennial generation in Indonesia

The results of the survey of literacy and Financial Inclusion Shari'ah in Indonesia 2016 each show numbers 8.11 % and 11.06 %. Whereas the inhabitants of the religion of Islam in Indonesia more than 85%. With this then needs to be formulated strategies that can increase the level of literacy and financial inclusion shari'ah in Indonesia. The importance of literacy improvement and Financial Inclusion Shari'ah to improve the behavior of the community in financial management and to improve the welfare of them. So that priorities are intended to know how the strategy applied to increasing literacy and Financial Inclusion Shari'ah. This research uses qualitative research method with the approach of the case study. The results of this research are some government policy that is contained in the form of National Strategy for Financial Literacy Indonesia (SNLKI) to improve financial literacy Shari'ah and inclusive Financial National Strategy (SNKI) to improve financial inclusion. But the next research needs to examined and monitored about various programs to increase shari'a literacy and financial inclusion is doing by the government.Keywords: Sharia Financial Literacy, Sharia Financial Inclusion, the strategy.

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ANALYSIS OF THE FINANCIAL MANAGEMENT AND LITERATION INFLUENCE ON THE FAMILY WELFARE LEVEL (CASE STUDY ON MUSLIMAH WITH TEACHER'S PROFESSION IN SELONG DISTRICT)

International Journal of Islamic Economics ◽

10.32332/ijie.v1i02.1806 ◽

2019 ◽

Vol 1 (02) ◽

pp. 151

Author(s):

Diah Zikrina Mulyarti ◽

Yaser Taufik Syamlan

Keyword(s):

Logistic Regression ◽

Financial Literacy ◽

Financial Management ◽

Family Welfare ◽

Research Use ◽

Welfare Level ◽

The Family ◽

Independent Variable

The purpose of this research is to determine wether the financial management variable and financial literacy affect family welfare of muslimah teachers at Selong. 221 repondents were used as the sample in this research. the answers of those respondents were submitted using questionnaire with multinominal logistic regression as the method used to process the data. this research use two independent variable which is financial management variable and financial literacy variable and one dependent variable which is family welfare. the result of this research stated that financial management variable (X1) affect family welfare of muslimah teacher at Selong sub-district while financial literacy variable (X2) wasn’t.

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Determinant of The Financial Literacy: Case Study on Career Woman in Indonesia

ETIKONOMI ◽

10.15408/etk.v17i2.6681 ◽

2018 ◽

Vol 17 (2) ◽

pp. 285-296

Author(s):

Novia Dewanty ◽

Yuyun Isbanah

Keyword(s):

Marital Status ◽

Financial Literacy ◽

Financial Management ◽

Education Level ◽

Early Age ◽

Financial Socialization ◽

The Government ◽

Career Woman ◽

Positive Effect

Financial literacy is one of the relevant facts in improving the economy. The purpose of this study was to examine the influence of demographic factors (i.e., marital status, education level, income, and age) and financial socialization agent on financial literacy. Using online and offline questionnaire survey from 100 respondents in Surabaya, East Java, and the study revealed that education level, personal income, and financial socialization agent, give the positive effect, while the marital status and age does not affect financial literacy. This result implies that the government can focus on educating the development and improvement of financial literacy for the society. It is believed to be a step forward in practicing financial planning from an early age to solve problems with financial management using financial knowledge, financial attitude, and financial behavior.DOI: 10.15408/etk.v17i2.6681

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THE INFLUENCE OF SOCIO-DEMOGRAPHIC AND FINANCIAL KNOWLEDGE FACTORS ON FINANCIAL MANAGEMENT PRACTICES OF MALAYSIANS

International Journal of Business and Society ◽

10.33736/ijbs.488.2017 ◽

2017 ◽

Vol 18 (1) ◽

Cited By ~ 3

Author(s):

Yiing-Jia Loke

Keyword(s):

Financial Literacy ◽

Financial Management ◽

Management Practices ◽

Financial Education ◽

Financial Knowledge ◽

Insurance Policy ◽

Management Behaviour ◽

Income Shock ◽

The Individual ◽

Socio Economic Factors

Using the pilot survey data on "Measuring financial literacy" in 2010 from OECD (International Network for Financial Education, INFE), this paper aims to investigate the influence of sociodemographic and financial knowledge factors on four selected financial management practices of Malaysians. The four types of financial management practices are: whether the individual plans a budget, lives within their means, is prepared for income shock and owns an insurance policy. These four financial management practices are used to measure individuals' overall financial management behaviour. The measurement of financial management behaviour is divided into three levels depending on the type of financial management practices carried out by individuals. Ordered probit is used to determine socio-economic factors that are significant in explaining the varying differences in the financial management behaviours among Malaysians. The paper also identifies the financial knowledge gaps and investigates the levels of financial knowledge of Malaysians. While the majority of Malaysians show an average level of financial knowledge and plan their budget, many are financially unprepared for income shock and unexpected circumstances. The findings show that ethnicity, income, gender, regularity of income, education, age and financial knowledge have significant effect on individuals’ financial management behaviour. The findings have implications for regulators, financial educators and consumer groups in their efforts to enhance individuals’ financial management behaviour. Keywords: Emergency Saving; Financial Capability; Financial Knowledge; Living within One's Means; Personal Finance.

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Faktor yang Memengaruhi Financial Satisfaction pada Masyarakat Kabupaten Pamekasan

Jurnal Ilmu Manajemen ◽

10.26740/jim.v9n1.p182-190 ◽

2021 ◽

Vol 9 (1) ◽

pp. 182

Author(s):

Dinda Arfiana Rusdini

Keyword(s):

Financial Literacy ◽

Financial Management ◽

Capita Income ◽

Total Sample ◽

Financial Satisfaction ◽

Per Capita Income ◽

Management Behaviour ◽

Financial Anxiety ◽

Income Data ◽

Per Capita

The purpose of this research is to determine the influence of income, debt, and financial literacy on financial satisfaction through financial management behaviour as a mediating variable. This causality research using per capita income data from BPS shows that Pamekasan district has the lowest per capita income so that Pamekasan district as an object with a total sample of 193 respondents by offline questionnaire. Using SEM techniques and processed with AMOS tools, the conclusion is that only financial literacy influences financial management behaviour because of their high savings awareness. Income does not influence financial satisfaction because even their income is high enough, but they still have high debt. Debt does not affect financial satisfaction because having debt does not necessarily cause financial anxiety. Some respondents have debt and have financial satisfaction, but some do not. Financial literacy has no influence on financial satisfaction but influences financial management behaviour, and financial management behaviour has not been able to meditate because their saving behaviour is unable to increase their satisfaction

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Practical ministry and finances: A case study from InnerCHANGE South Africa

HTS Teologiese Studies / Theological Studies ◽

10.4102/hts.v77i4.6230 ◽

2021 ◽

Vol 77 (4) ◽

Author(s):

Kgotso K.T.L. Kabongo

Keyword(s):

South Africa ◽

Financial Literacy ◽

Financial Management ◽

The Body ◽

Balance System ◽

Personal Finances ◽

The Board Of Directors ◽

Practical Ministry ◽

The Church

The church is called to be a tangible messenger of hope in society. Communities of poverty, especially, need a church that carries its mandate both through proclamation and through deed. This research is a case study of a team located in South Africa that is part of an international missional order called InnerCHANGE. The latter focuses on discipleship and the nurturing of local leaders who are community builders in areas of poverty. This focus is expressed through practical ministry initiatives. The latter necessitates finances through the team does not always have. A desire to overcome its financial challenges led it to decide to get some training in financial literacy, so that it can improve its fundraising efforts. This training was provided by a finance broker. The latter started his teaching with personal finances before going into organisational finances. He believed that good personal financial stewardship leads to good corporate financial stewardship. The outcome of this training led ICSA staff and the board of directors to diversify their fundraising efforts and to set the target of saving 15% of its income. The work is still in progress for reaching this target. However, for 2 years in a row, ICSA has been making some good progress in increasing its income and savings. This article concludes by advising the body of Christ serving from below to pursue training in financial management so that it can strengthen its checks and balance system which could lead to sustainability.Contribution: This article contributes to the on-going discussions about financially sustainable models of the church from below in Africa so that the church can remain an important role player in serving local communities practically. It uses InnerCHANGE South Africa as a case study of such efforts.

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CONCEPTUAL PAPER: THE RELATIONSHIP BETWEEN PARENT INCOME AND LEVEL OF FINANCIAL LITERACY AMONG UNDERGRADUATES UNIVERSITY

International Journal of Education, Psychology and Counseling ◽

10.35631/ijepc.642032 ◽

2021 ◽

Vol 6 (42) ◽

pp. 413-420

Author(s):

Kujat Crister ◽

Nur Yuhainis Ab Wahab

Keyword(s):

Financial Literacy ◽

Financial Management ◽

Financial Stress ◽

Financial Resources ◽

Parental Income ◽

Is Research ◽

Financial Difficulties ◽

Conceptual Paper ◽

Low Levels ◽

The Relationship

Parental income is one of the factors that can influence a person's financial literacy. This is because one of the sources of income for students to live their lives is through financial resources from parents. Therefore, the finances obtained will determine how a person can manage their expenses. In addition, the reduction in parental income due to the Covid-19 pandemic has resulted in reduced students income. Despite the reduction in income among parents, students still spend beyond their capacity and are unable to manage their finances properly. This is because low levels of financial literacy cause a person to be unable to manage his finances properly. Good financial management can help student undergraduates to avoid financial stress and other financial difficulties. Realising the issues and importance of financial literacy in life, there is research done to identify the relationship between parental income and financial literacy. But the results obtained by previous researchers are mixed. Therefore, the study focused on introducing a framework of concepts related to the relationship between parental income and the financial literacy of students and students.

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Analisis Faktor-Faktor yang Memengaruhi Financial Satisfaction Pengguna E-Wallet

Jurnal Ilmu Manajemen ◽

10.26740/jim.v9n2.p426-437 ◽

2021 ◽

Vol 9 (2) ◽

pp. 426

Author(s):

May Amelia ◽

Yuyun Isbanah

Keyword(s):

Financial Literacy ◽

Financial Management ◽

Structural Equation ◽

Quantitative Research ◽

Equation Model ◽

Financial Strain ◽

Financial Satisfaction ◽

Snowball Sampling ◽

Management Behaviour ◽

Data Collection Instrument

The research aims to determine the effect of financial literacy, financial strain, financial management behaviour, and income on financial satisfaction in the e-wallet user in Surabaya. The research is a type of conclusive causality research with quantitative research data using purposive sampling and snowball sampling techniques. The data collection instrument used in this research was the distribution of online questionnaires. The samples used in this research were 207 respondents from e-wallet user in Surabaya. The data analysis use Structural Equation Model (SEM) technique with AMOS tools. This research shows that only financial management behaviour influences financial satisfaction because of their good financial management awareness. Financial literacy has no financial satisfaction because the information is easy to get, but what is received is not necessarily correct. Financial strain has no influences on financial satisfaction because respondent did not experience financial strain, so most of them are college students and students. Income also has no influences on financial satisfaction because the income received still depends on each parent.

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