scholarly journals Evaluation of Household Finance Management Effectiveness in the Biggest Polish Cities

2017 ◽  
Vol 1 (327) ◽  
Author(s):  
Marta Musiał
Keyword(s):  
Financial Literacy ◽  
Financial Management ◽  
Research Method ◽  
Evaluation Model ◽  
Household Finance ◽  
Financial Control ◽  
Management Effectiveness ◽  
Finance Management ◽  
The Subject ◽  
Questionnaire Method

The main objective of the paper is to evaluate household finance management effectiveness in the biggest Polish cities. As part of the conceptualization study, the following specific objectives are set: adaptation of effectiveness approaches in relation to households functioning and a proposition of household finance management effectiveness evaluation model. In addition, an attempt has been made to verify the following hypothesis (H): Polish households are characterized by low financial management effectiveness, which is a result of low level of financial literacy, as well as lack of financial control. Within the research framework, the following research methods have been used: a critical analysis of the literature on the subject, a document research method, diagnostic questionnaire method, comparative research method and statistical methods. 

scholarly journals Modern financial control of operations at the enterprise: its essence and features

2020 ◽  
pp. 10-14
Author(s):  
Kseniia KOVTUNENKO ◽  
Kateryna BONDARENKO
Keyword(s):  
Public Finance ◽  
Financial Management ◽  
Internal Audit ◽  
The State ◽  
External Control ◽  
Financial Control ◽  
Finance Management ◽  
Current State ◽  
Role Of The State ◽  
Local Resource Management

The purpose of the paper is to improve institutions and legislation on public finance management in Ukraine, to define the concept of "financial control", to consider the process of development and formation of financial control, to highlight the financial control`s features, to justify the need for long-term financial control. Financial control and financial management in the enterprise are very important for every state. The current state of economic improvement in Ukraine should increase the role of the state in regulating the economy in order to identify differences between the law, recognizing the standards and functioning of financial control. At the present stage in Ukraine, the issue of establishing unification of public finance management remains unresolved: there is a discrepancy in state legislation. The Ukrainian economy`s growth leads to an additional need for financial control in a moment. Thus, its role and importance in securing the assets of different types of members’ organizations, the equipment`s efficiency, labour and finance. The paper is devoted to the key issues of finding ways to ensure financial control in the organization and the regulatory framework in this area. The paper presents an overview of financial control by state (local) resource management and their use, as well as financial control of public administration by the state external financial regulator (audit), the Ministry of Finance on behalf of the Verkhovna Rada of Ukraine, and public finance management, including internal management and internal audit, which are provided by current legislation. In the paper was presented a study of the financial control`s concept. The main types of financial control, its goals and objectives are researched. The author emphasizes the importance of the organization’s internal financial control and the key stages of its development. The types of external control and features of their application were also researched. In conclusion the Ukrainian financial management`s current state is researched.

scholarly journals Financial Homo Ignorans: measuring vulnerability to behavioral biases in household finance

2020 ◽  
Author(s):  
Kinga Barrafrem ◽  
Daniel Västfjäll ◽  
Gustav Tinghög
Keyword(s):  
Financial Literacy ◽  
Household Finance ◽  
Well Being ◽  
Financial Behavior ◽  
Policy Makers ◽  
Total N ◽  
Behavioral Biases ◽  
Finance Management ◽  
Item Questionnaire ◽  
Application Potential

Understanding systematic differences in sound financial behavior between individuals is a key area for public policy and the possibility to tailor interventions to promote financial well-being. In this paper we develop and validate a concise 12 item questionnaire measuring individual’s vulnerability to behavioral biases in household finance – the Financial Homo Ignorans (FHI) Scale. We conduct two studies with general population samples (total N=2508) and show that the FHI scale can predict behavior in financial tasks such as consumer purchases, loan choices, or investment decisions, also when controlling for demographics, financial literacy and other related constructs. In addition, we show that consumer heterogeneity as assessed by the FHI scale explains the variation in household finance management and financial well-being. The FHI scale has application potential as it can be used by researchers, policy makers, and financial institutions to study the psychological underpinnings of financial behavior and design interventions by targeting individuals who are particularly vulnerable.

scholarly journals Financial Literacy, Risk Tolerance, and Financial Management of Micro-enterprise Actors

Society ◽  
2021 ◽  
Vol 9 (1) ◽  
pp. 174-186
Author(s):  
Heni Hirawati ◽  
Yacobo P Sijabat ◽  
Axel Giovanni
Keyword(s):  
Financial Literacy ◽  
Financial Management ◽  
Research Method ◽  
Business Owners ◽  
Risk Tolerance ◽  
Central Java ◽  
The Poor ◽  
Central Java Province ◽  
Micro Enterprises ◽  
Special Region

Micro-enterprises have a significant role in the country’s economy. However, business owners must face various problems to develop their business. One of the problems is the limited funding for micro-enterprises due to the low financial literacy of business owners. In addition, the business owner’s tolerance for risk is also expected to affect the financial management of micro-enterprises. This study aims to determine the level of financial literacy andtolerance of business owners and the financial management of micro-enterprises. This research method uses a questionnaire distributed to micro-enterprise owners in Central Java Province and Yogyakarta Special Region. The results showed that the level of financial literacy of micro-enterprise owners was in the medium category. Micro-enterprise owners have a neutral attitude towards risk and are not individuals who dare to take risks but do not avoid risk. Financial management carried out by business owners is still in the poor category. Improvement of financial literacy, understanding of risks, and financial management of micro-enterprises still need to be done.

scholarly journals THE DETERMINANT FACTORS OF PERSONAL FINANCIAL MANAGEMENT OF INDONESIAN MIGRANT WORKERS IN HONGKONG

2021 ◽  
Vol 11 (1) ◽  
pp. 47
Author(s):  
Caecilia Wahyu Estining Rahayu ◽  
Christina Heti Tri Rahmawati
Keyword(s):  
Migrant Workers ◽  
Financial Literacy ◽  
Financial Management ◽  
Sampling Technique ◽  
Primary Data ◽  
Chi Square ◽  
Academic Background ◽  
Determinant Factors ◽  
Questionnaire Method ◽  
Chi Square Analysis

This study aims to examine determinants factors of personal financial management of Indonesian migrant workers in Hongkong. The determinant factors are 1) demographic aspects include age, academic background, number of dependents, and 2) financial literacy. The sample used in this study was several Indonesian migrant workers who are still actively working in Hongkong, especially as household assistants. This study used questionnaire method to obtain the primary data from migrant workers. The sampling technique was non-random sampling which was accidental sampling technique. The data analysis used was Chi-Square analysis. The result shows that: 1) partially, there is relationship between ages and personal financial management; 2) there is a relationship between financial literacy and personal financial management; 3) partially, there is no relationship between academic background and number of dependents with personal financial management. The implication of this study is that by having good knowledge and understanding about finances, Indonesian migrant workers in Hongkong are expected to manage good and wise personal finances, so that they can improve their prosperity.

PENGETAHUAN KEUANGAN DI KALANGAN MAHASISWA

2016 ◽  
Vol 2 (2) ◽  
pp. 118
Author(s):  
Kusumadyahdewi Kusumadyahdewi
Keyword(s):  
Financial Management ◽  
Personal Finance ◽  
Savings And Loans ◽  
The Public ◽  
Finance Management ◽  
Financial Firms ◽  
Financial Products ◽  
Personal Finances ◽  
Level Of Knowledge ◽  
The Subject

Currently, variety of banking products to facilitate customer transactions. So it is important to know about the knowledge of finance, including financial products. This research measures the student's understanding on financial knowledge consists of knowledge of personal finance, savings and loans, insurance, investment. The student has followed the course of accounting and financial management largely discusses financial firms, but researchers always explains its application to personal finances when teaching the subject. Measurement of the level of knowledge using questionnaires, then measured using the percentage of correct answers. Knowledge of personal financial management has been good, while knowledge of savings and loans, insurance, investments are at a low level. This study has shown the importance of improving the material being taught on the subject to expand the application on personal financial management, and understanding of banking products, insurance and investment, because students will also go to the public where it will be related to its financial problems. so hopefully with his knowledge of finance can finish well. <br /><strong>Keywords</strong>: personal finance management

scholarly journals Compliance of the AmilZakat Institution as a Form of Accountability Accounting

2020 ◽  
Vol 5 (2) ◽  
pp. 115-119
Author(s):  
Ahmad Kudhori ◽  
Hedi Pandowo
Keyword(s):  
Human Resources ◽  
Financial Management ◽  
Research Method ◽  
Educational Background ◽  
Financial Reports ◽  
Finance Management ◽  
Multiple Case ◽  
Branch Office ◽  
Depth Interviews

This study aims to determine the compliance of amil zakat institutions in financial management (accountability) in terms of the background of the financial manager. The research method uses descriptive qualitative analysis with a multiple case study model of national amilzakat institutions that have zakat distribution in Madiun and are members of the Madiun Regional Zakat Organization Forum (FOZDA), namely BAZNAS, LMI, LAZISMU, Yatim Mandiri, BMH, Global Zakat, Nurul Hayat and Dompet Duafa. Data collection using in-depth interviews, observation and documentation to informants at each institution. The results of this study indicate that the understanding of accounting, financial reports and the applicable standards of the financial staff of the amilzakat institution is different, which is due to the educational background, years of service and position of the institution in Madiun, whether as a branch office, unit or outlet. However, office governance, finance, management and human resources in institutions can work together, so that the compliance of the amilzakat institution in carrying out accounting (accounting) which produces output in the form of financial reports can run well, as a form of transparency and accountability to donors.

scholarly journals PENGETAHUAN INVESTASI, MOTIVASI INVESTASI, LITERASI KEUANGAN DAN LINGKUNGAN KELUARGA PENGARUHNYA TERHADAP MINAT INVESTASI DI PASAR MODAL

2019 ◽  
Vol 8 (2) ◽  
pp. 44-56
Author(s):  
Akhmad Darmawan ◽  
Kesih Kurnia ◽  
Sri Rejeki
Keyword(s):  
Family Environment ◽  
Financial Literacy ◽  
Financial Management ◽  
Linear Regression Analysis ◽  
Multiple Linear Regression Analysis ◽  
Literacy Environment ◽  
Study Program ◽  
The Family ◽  
Questionnaire Method ◽  
Investment Motivation

            This study aims to analyze the effect of investment knowledge, investment motivation, financial literacy and family environment on the interest in investing in the capital market. This type of research is quantitative. The population of this study were students of the Management Study Program of the Faculty of Economics and Business, Muhammadiyah Purwokerto University in the year 2016 and 2017 with the sample criteria of active students of FEB UMP and those who were / had taken financial management and entrepreneurship courses. Data collection in this study using the questionnaire method. Instrument testing was analyzed using validity test and reliability test. Data analysis techniques used in this study are classic assumptions and multiple linear regression analysis.              The results showed that: (1) investment knowledge, investment motivation, and financial literacy simultaneously had a significant effect on investment interest. (2) investment knowledge partially does not affect investment interest. (3) investment motivation partially has a significant effect on investment interest. (4) financial literacy partially has a significant effect on investment interest. (5) the family environment partially has a significant effect on investment interest. keywords: Knowledge, Motivation, Literacy, Environment, Interests.

scholarly journals Pengaruh Tingkat Pendapatan Tenaga Kerja Indonesia terhadap Kelangsungan Pendidikan Anak di Dusun Ceret Desa TKI (Jenggik Utara)

FONDATIA ◽  
2018 ◽  
Vol 2 (1) ◽  
pp. 38-47
Author(s):  
Suhaili Munahar
Keyword(s):  
Data Collection ◽  
Migrant Workers ◽  
Research Method ◽  
Significance Level ◽  
Descriptive Research ◽  
Correlational Approach ◽  
The Subject ◽  
Quantitative Descriptive ◽  
Questionnaire Method ◽  
The Village

This study aims to determine the effect of income levels of TKI to the continuity of education of Children in Ceret Village TKI (North Jenggik). The subject of this study is the parents of students in the village of Ceret, especially families who become migrant workers with a sample of KK people from a population of 150 families. Data collection using Questionnaire in the form of income level, while documentation in the form of data of Villagers and School. The research method that will be used is quantitative descriptive research with correlational approach. While the data collection method used is the questionnaire method and documentation method. Data obtained through data collection was analyzed by statistic method with the formula of product moment rent as follows: From r test value above, where r observation equal to 0,9819 smaller than r table equal to 0,991 With significance level 5% then r is significant. So the conclusions of the analysis of this study are: "There is Influence of the level of income of Indonesian labor on the sustainability of children's education in the village of Ceret North Jenggik Village Kec. Montong Gading Kab. East Lombok Year 2017.

scholarly journals NILAI MANFAAT DAN TINGKAT PENERAPAN MATERI PELATIHAN LITERASI DAN EDUKASI KEUANGAN (PLEK)

2021 ◽  
Vol 1 (1) ◽  
pp. 51-55
Author(s):  
NINING HARIYANI
Keyword(s):  
Financial Literacy ◽  
Financial Management ◽  
Management Training ◽  
Daily Activities ◽  
Training Module ◽  
Outcome Indicators ◽  
Purposive Sampling ◽  
Finance Management ◽  
Training Materials ◽  
Education Training

The lack of awareness and ability in recording and managing the finances of farming and farmer households causes farmers can’t get a real of their welfare. Farmers are still oriented to production activities and have not led to a profitable business through professional financial management. Training is one of the activities carried out as an effort to provide financial literacy and education for farming and farmer households. This study aims to determine the value of benefits and the level of application of financial literacy and education training materials which consist of 2 core materials, namely farming finance management and household financial management. The research method uses purposive sampling with 29 respondents from the Tuban, Ngawi, Lamongan, Madiun and Jombang regencies of East Java Province as participants in financial literacy and education training in 2019 and 2020. The results showed that the two materials were considered useful about 4.35 and 4.27 and the level of application of the materials was still at 50% or about 3.23 and 3.07 from the specified learning outcome indicators. The value of benefits is positively correlated with the application of the two training materials.It is necessary to improve the training module to make it simpler, easier to understand and aplicable by participants as well as intensive assistance from local extention officer so the material can be applied more optimally in farmer daily activities. ABSTRAKRendahnya kesadaran dan kemampuan dalam pencatatan dan pengelolaan keuangan usahatani dan rumah tangga petani menyebabkan kesejahteraan kurang dirasakan oleh petani. Petani selama ini masih berorientasi pada kegiatan produksi dan belum mengarah pada bisnis yang menguntungkan melalui pengelolaan keuangan yang profesional. Pelatihan merupakan salah satu kegiatan yang dilakukan sebagai upaya untuk memberikan literasi dan edukasi keuangan baik usahatani maupun rumah tangga petani. Penelitian ini bertujuan untuk mengetahui nilai manfaat dan tingkat penerapan materi pelatihan literasi dan edukasi keuangan yang terdiri dari 2 materi inti yaitu pengelolaan keuangan usahatani dan pengelolaan keuangan rumah tangga. Metode penelitian menggunakan purposive sampling dengan responden alumni peserta pelatihan literasi dan edukasi keuangan tahun 2019 dan 2020 yang berasal dari Kabupaten Tuban, Ngawi, Lamongan, Madiun dan Jombang Provinsi Jawa Timur sebanyak 29 orang. Hasil penelitian menunjukkan bahwa kedua materi dinilai bermanfaat yaitu sebesar 4,35 dan 4,27 serta tingkat penerapan materi sebesar 3,23 dan 3,07 atau masih 50% dari indikator hasil pembelajaran yang ditetapkan. Nilai manfaat berkorelasi secara positif terhadap penerapan kedua materi pelatihan. Perlu perbaikan modul pelatihan agar lebih sederhana, mudah dipahami dan diterapkan oleh peserta serta pendampingan yang intensif dari penyuluh pertanian setempat agar penerapan materi lebih optimal dan bermanfaat dalam kegiatan sehari-hari.

scholarly journals Personal Finances in the Era of Modern Technological Solutions

2021 ◽  
Vol 1 (29) ◽  
pp. 155-174
Author(s):  
Anna Janina Warchewska ◽  
Alfred Janc ◽  
Rafał Iwański
Keyword(s):  
Financial Literacy ◽  
Financial Services ◽  
Financial Management ◽  
Financial Education ◽  
Personal Finance ◽  
Financial Industry ◽  
Financial Decisions ◽  
Finance Management ◽  
Self Confidence ◽  
The Impact

The purpose of the article: the aim of the article is to present the essence of personal finance management using modern financial technologies. The paper seeks to answer the question of the impact financial literacy and the growth of the fintech solutions have on personal financial management. Methodology: the analysis leads to an answer to the question of which determinants have an impact on consumers' financial decisions and what remote tools the market offers. The paper hypothesizes that the intensification of educational activities tailored to each age group by institutions offering financial services may influence the greater use of modern tools in the process of personal finance management. Theoretical considerations are based on an in-depth query of literature on the subject. Research and financial experimentation in the field of financial knowledge and skills are presented. The secondary empirical material is used to analyze the development of the FinTech industry. Results: The effectiveness of financial education is observed only in specific financial behaviors. The financial industry is shaped by recipients, who instead of financial education, look e.g. financial coaching for a specific problem at different stages of their lives. Changes in population structure (aging population) and a large group of customers from disadvantaged groups (e. i. seniors, disabled people) require the development of new, matched strategies by banks and financial services providers. Too much self-confidence and a low level of consumer knowledge of cybersecurity is becoming a challenge for modern financial technologies.

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