Family Financial Planning Research Articles

Impact of Islamic Financial Literacy, Money Attitude, and Social Environment on Young Muslim Couples' Financial Planning

Disciplined financial planning can create a more durable and financially stable marriage. However, many people still depend on fate, leading to financial planning being overlooked in daily life. Economic factors remain the second most common cause of divorce in Surabaya. Indonesia’s Sharia financial literacy index is only 8.93%, and only 6.3% of the population prepares for long-term financial goals. This study has the purpose of observing the modification theory of planned behavior with the variable Islamic financial literacy, attitude towards money, and social environment on family financial planning among young Muslim couples, especially in Surabaya. This research uses a quantitative approach used multiple linear regression analysis, utilizing IBM SPSS version 27 as the analytical tool. The subjects of this research are young Muslim couples in Surabaya, as younger generations often lack sufficient financial knowledge and tend to make poor financial decisions. The total sample consists of 75 respondents. The results show that Islamic financial literacy and social environment variables positively and significantly affect family financial planning. Meanwhile, the attitude towards money variable also shows an influence but is not statistically significant. These findings highlight the importance of improving Islamic financial literacy and leveraging the social environment to enhance family financial planning outcomes.

The influence of financial technology, personality traits, and financial literacy on financial attitude, personal saving orientation, and family financial planning, moderated by financial quotient among naval families. “A study of Hera naval base, Timor-Leste”

Family financial planning is becoming more and more crucial, particularly in military environments where certain challenges can affect financial habits. The study looks at moderating role of financial quotient on the correlation between financial technology, personality traits, and financial literacy and family financial planning of naval families at Naval Base Hera. Although certain factors of financial behaviour have been studied before, how these factors are interrelated within military families is still unclear. This research seeks to fill this gap by employing a causal explanatory research method that analyze sources from 248 married Navy personnel through using a structural equation modeling (SEM) approach with Smart PLS. The findings paint a picture that where Fintech influences the financial behaviours of individuals and families, such traits for personality and financial literacy inform their attitudes and ever financial planning. Posted here, it is revealed that financial quotients have a moderate influence on the results of family financial planning. Thus, this research highlights the need to design and implement financial education interventions that incorporate technology support and improve the financial literacy of naval officers with policy implication for the authorities as well as other denominations in the teaching of financial education. This research fills this gap making a positive contribution in the understanding of financial management in military environment hence contributing to the informing of policies that foster better financial stability and well-being of families of soldiers serving in the navy.

Family Finansial Planning Strategy Fishermen in Sibolga City Central Tapanuli

The fishermen face two seasons, namely the fish harvest season and the famine season, where these two seasons greatly affect the income earned by fishermen. In the fish harvest season, fishermen earn relatively large incomes, while in the lean season, fishermen earn relatively little income so that fishermen need to have a strategy in carrying out family financial planning. The purpose of this study was to analyze the financial planning strategies of fishermen's families during the lean season and the fish harvest season. This study uses descriptive qualitative research methods with the number of research respondents of 10 fishermen in sibolga and data collection techniques through in-depth interviews. The results showed that during the fish harvest season, the family's financial planning strategy was to save and serve as business capital. Meanwhile, during the family season, the family's financial planning strategy is a coping strategy by reducing daily expenses and increasing income.

Transformation of Marriage Dowry into Shares in a Limited Liability Company: A Review of Civil Law and its Implications

The transformation of marital dowry into shares in a Limited Liability Company marks a significant shift in the paradigm of civil and business law in Indonesia. This research explores the legal basis that enables the transformation of dowry into shares and its legal and business implications. In Islamic law in Indonesia, dowry is an obligatory gift from the prospective husband to the prospective wife which is the full right of the wife, and can be in the form of shares as per Clauses 32 of the Compilation of Islamic Law. The legal framework governing shares in Limited Liability Companies, including Clauses 48 point (1) and Clauses 52 of Law point 40 of 2007 on Limited Liability Companies, emphasizes the importance of proof of share ownership and the rights of shareholders. A normative juridical approach with qualitative analysis of legal documents and jurisprudence is used in this research. The results show that transforming dowry into shares has a strong legal basis and provides long-term financial benefits and education on share investment. However, fluctuations in share value and management risks remain a challenge. The case study shows that this transformation can inspire people to consider stocks in family financial planning. With in-depth understanding and proper documentation, the transformation of dowry into shares can provide significant financial benefits and maintain legal certainty in marriage.

Empowering the community through financial planning to increase family economic independence in South Tangerang

Rukun Tetangga 03 and 02 in Rukun Warga 01, Rempoa Village, East Ciputat District, South Tangerang City, are geographically suburban areas near Jakarta. The environment is characterized by urban villages, with most residents having completed primary education. The majority of residents fall into the middle to lower-class economic category. Facing post-pandemic economic challenges, residents often opt for cooperative loans. Limited financial knowledge leads to inadequate attention to sound financial management. In response to these challenges, this service program focuses on educating residents about family financial planning and management. The stages of the activity include problem identification, program implementation, and evaluation. The results of the educational activities demonstrate an increase in knowledge related to family financial planning and management.

Family Financial Planning Training for a Group of Pkk Women in Labuh Baru Barat District

This community service activity is carried out because mothers as managers of family finances are expected to be careful in planning their family finances, so that they can avoid wasting money, prioritize fulfilling needs rather than desires, and not live by always relying on debt, because expenses are greater than income. , and can set aside money for savings/investment. This training was carried out for 24 PKK mothers in Labuh Baru Barat Subdistrict, before being given material and training regarding family financial planning, a Pre Test was carried out with the results.14 people have not managed their finances well, 6 people have only recorded family expenses, and 4 people have recorded household financial income and expenses. This shows that the family's financial planning is still not good, so sometimes for sudden financial needs they often take out loans by digging holes to cover holes. After that, materials and training were provided, then as an evaluation a Post Test was carried out, the results of which stated that 20 people could understand the difference between needs and wants, 18 people could calculate the entire family income, 21 people could make a list of priority expenses, 15 people could maintain the debt ratio , and 12 people can allocate Savings, Insurance and Investment. It is hoped that by carrying out this family financial planning training, PKK mothers will be able to plan their finances well, be able to make a budget for household income and expenditure, and be able to save/invest for other needs in the future, so that a prosperous family can be achieved.

PERANCANGAN KEUANGAN SYARIAH PADA IBU RUMAH TANGGA DI DESA SINDANGJAYA

The aimed of this programme is to provide knowledge about Islamic economics and how to manage finances properly. It is also expected to be more aware of the obligation to pay debts, the prohibition of staying away from usury and the importance of saving. With this goal, it is hoped that family life can be happy and far from anxiety. In this programme, socialisation, training and sharing sessions will be conducted. The results of the activity show that the curiosity of mothers in Pulo Rengas, Sindangjaya village is quite high because they still want to learn more about sharia family financial planning. The service method uses community education in the form of socialisation of sharia financial planning. The conclusion of this service is that mothers in Pulo Rengas, Sindangjaya village as the target of the service do not yet have knowledge and understanding of Islamic economics and make sharia financial planning for households which includes three things, namely the obligation to pay debts, avoid the prohibition of usury and the importance of saving.

Educational Interests and Information-Seeking Behaviors of Utah Residents

With a limited body of literature examining residents’ preferences for Extension topic areas, this brief report examined the educational interests of Utah residents. It explores opportunities for future programming based on residents’ preferences for topic areas and their information-seeking behaviors. Data were gathered from Utah residents in May 2021 via an online Qualtrics survey (n = 668). Results showed the topics of highest interest to Utah residents were strengthening family relationships, emergency preparedness, mental health, food storage, and healthy couples’ relationships. Residents’ information-seeking behaviors were somewhat consistent with their interests; residents searched most frequently for information on mental health, strengthening family relationships, nutrition education, financial planning, and healthy couples’ relationships. Extension organizations are encouraged to learn more about residents’ interests and participation preferences to recruit and retain participants, given changing societal trends.

Family Planning: disclosing contributions from Problem Solving to Worker-Students’ Financial Education

Conflicting situations between what one wants to acquire and the limit imposed by financial resources require financial planning. The current study presents an excerpt of a Master's research in Mathematics Education, based on qualitative approach, whose goal was to disclose contributions from Problem Solving, according to the Problem Solving methodology, to the Financial Education of a group of worker-students enrolled in the 1st year of a public night-shift High School. Observation, field journal, documentary records of assignments involving family planning and questionnaires were used for data collection purposes. Based on the analyses, Problem Solving, in the way it was organized – i.e., involves personal and family financial planning- enabled contributing to participants’ Financial Education, which would be in compliance with their social and financial reality, and allowed them to exercise citizenship.

Enhancing the financial stability of families by promoting knowledge and planning in Islamic finance

The Covid-19 pandemic has brought attention to the importance of family resilience, particularly in economic aspects. Family financial planning plays a crucial role in establishing resilience during times of crisis. This community service program seeks to enhance financial literacy and promote Islamic financial planning among mothers who are responsible for managing family finances. The approach involves engaging in interactive discussions, Q&A sessions, and practical exercises. Topics covered include financial assessments, managing cash flow, creating emergency funds, handling social contributions, understanding the Islamic perspective on wealth, planning for education and healthcare expenses, and implementing ZISWAF (Zakat, Infaq, Sadaqah, and Waqf). The outcome of this service is to foster comprehension and application of Islamic financial planning within families.

Perencanaan dan Pengelolaan Keuangan Keluarga pada Ibu Rumah Tangga Desa Kaliburu

Family financial planning and management counseling activities for housewives were carried out in Kaliburu Village, Sindue Tombusabora District, Donggala Regency, Central Sulawesi. Housewives play an important role as regulators of family finances. The background to the implementation of this activity is that there are still many people who spend money beyond what is needed and beyond their own income, so that they are trapped in debt and unable to pay bills on the grounds that they are running out of funds. This counseling activity was carried out with the aim of providing an understanding of housewives in Kaliburu Village so that they know the importance of planning and how to carry out good family financial management. This activity was attended by 10 participants on Thursday, December 22, 2022. The methods used were counseling, discussion, and question and answer. This activity was carried out well, it can be seen from the results after counseling 100% of participants understood the importance of family planning, before counseling only 30% of participants. Participants who knew how to plan and manage family finances reached 80% from only 20% previously. Participants who had carried out family financial planning well reached 50%, previously only 10%.

Financial literacy: learn smartly and wisely family’s financial planning in Gedongboyo Untung Village, Lamongan

The level of financial literacy in Indonesia is still low (<50%). Financial literacy is closely related to financial planning. Financial planning is not only for those who have financial difficulties, but also for those who have excess finances so that they can be planned optimally. The purpose of this community service is to increase literacy and understanding of family financial planning, so that the community, especially PKK women in Gedongboyo Untung Village can manage their family finances well. The implementation method applied is socialization and financial literacy education counseling regarding family financial planning as well as training in making doormats from used cloth. The result of this program is an increase in literacy understanding of family financial planning and its practice. In addition, it also improves the skills of participants in utilizing used cloth in the form of goods that can be used and have sale value.

Sharia Family Financial Planning Post Covid-19 Pandemic : Sharia Maqashid Approach

Penelitian ini bertujuan untuk mengetahui bagaimana dampak pendemi Covid-19 terhadap keuangan keluarga, dan perencanaan Keuangan pasca pendemi Covid-19 secara islam. Hal penting untuk diketahui dan diberikan solusi mengingat bahwa Covid-19 berdampak secara signifikan terhadap perekonomian Indonesia secara makro, dan perekonomian keluarga secara mikro. Sebagian besar masyarakat juga menderita kerugian akibat berkurangnya pendapatan bahkan kehilangan pendapatan. Maka, pengelolaan keuangan yang tepat dan terencana serta dikemas dalam pengelolaan keuangan islam dengan pendekatan maqashid syariah dirasa merupakan pilihan yang tepat. Faktor yang diprediksi adalah kontrol keluarga, pendidikan keuangan keluarga, kecerdasan spiritual, perilaku konsumsi dan perilaku menabung menjadi sangat penting untuk diterapkan.
 Hasil wawancara dan analisis mendalam menunjukkan bahwa pengelolaan keuangan islam dalam mengatur keuangan sebuah keluarga pasca pandemi covid 19 antara lain; pendidikan keuangan keluarga, perilaku konsumsi, perilaku menabung, pengendalian keluarga dan kecerdasan spiritual sangat berperan terhadap pengelolaan keuangan keluarga islam pasca pandemi Covid-19 ini berlalu. Penelitian ini memberikan kontribusi bagi pengembangan perspektif maqâshid syariah dalam bidang pengelolaan keuangan keluarga dalam mengevaluasi perubahan anggaran pendapatan dan belanja keluarga, mengutamakan pos-pos pokok dalam pengeluaran keluarga, serta menyediakan dana darurat yang diambil 10% dari jumlah pendapatan yang diterima. Selain itu, dapat juga melakukan proteksi keuangan dalam bentuk investasi maupun asuransi.

PENTINGNYA PERENCANAAN KEUANGAN SYARIAH DALAM UPAYA MENSEJAHTERAKAN EKONOMI KELUARGA DI DESA PANTAI SEDERHANA

Family financial planning in Indonesian society, the majority of which still use traditional concepts in rural areas, especially housewives who are now family financial managers, use funds that are only focused on consumption activities. The lack of public knowledge of sharia-based family financial planning in managing finances for families is still underestimated because they have not paid much attention to the importance of sharia-based financial planning. The implementation of this community service the author uses in the form of community education, namely by providing socialization in order to increase understanding of the people of Pantai Sederhana Village, Muara Gembong District. Implementation of socialization activities that have been held on Thursday, March 9, 2023 at the Simple Beach Village office face-to-face. The socialization began with the provision of material "The Importance of Islamic Financial Planning in Efforts to Prosper the Family Economy". Based on the conclusions above, participants can appreciate the importance of implementing Islamic finance in order to create prosperous financial conditions in the family. The suggestions recommended for further service or the community are to be able to practice directly in the form of training in several sessions to improve the ability to implement prosperous family financial planning to the community.

Pelatihan Manajemen Sederhana Keuangan Keluarga Di Desa Pelawi Selatan

Community Service Training on Family Financial Planning and Simple Bookkeeping for Housewives has the aim of training family financial planning and simple bookkeeping for housewives, especially for women in Pelawi Selatan Village, Babalan District, Langkat Regency. Based on the initial survey of 10 respondents, it is known that out of 10 participants, mothers and housewives have not carried out family financial planning properly. The record keeping is still very limited, that is, it only records people's debts. The service method uses counseling and qualitative analysis. The results of the service, after the pre-test and post-test were carried out from 10 counseling participants, all of the 10 participants had understood family financial planning and simple bookkeeping for housewives. So, housewives can do family financial planning and can make simple bookkeeping for housewives and can record family finances well.

Impact of The Existence of A Coffee Store on Family Economic Education and Interest in Entrepreneurship(Case Study in Sudimoro Malang Region )

The number of coffee shops in the Sudimoro area makes the Sudimoro area one of the centers for coffee shops in the city of Malang. Based on initial observations, it is known that the existence of a coffee shop in the Sudimoro area has an influence on the family's economic education and interest in entrepreneurship in the community around Sudimoro. This research uses a qualitative approach with the type of case study research. Data collection techniques in this study using observation and interviews. Techniques in data analysis are data collection, data reduction, data presentation, and data inference. The results of the study of the impact of the existence of coffee shops in the Sudimoro area of Malang on family economic education, namely parents familiarize children with saving, teach productive behavior, see future opportunities, be open about family financial conditions and involve family members in family financial planning, and get used to having In addition, the existence of a coffee shop in the Sudimoro Malang area has an impact on interest in entrepreneurship, namely families in the Sudimoro Malang area know knowledge about entrepreneurship, have an interest in entrepreneurship, have the intention and motivation in entrepreneurship.

Family financial planning for disaster preparedness: A case study of North Semarang, Indonesia

This paper examines two important themes, namely ‘family financial literacy and planning' and the ‘utilization of digital cash' in disaster preparedness. It aims to identify the community's preparedness from a family financial planning point of view. It also looks at how digital cash plays its role in the community and explores the extent of its connection to preparedness activities at family level. This study focuses on evidence gained from a case study in the North Semarang District, Indonesia, which has experienced flooding for decades. We distributed a questionnaire to 100 households, held four focus groups, and conducted in-depth interviews of 25 key persons. The study shows that family literacy on financial planning for disaster preparedness is relatively significant, though only a few of the families implemented financial planning and specifically considered it for (tidal) flood preparedness. Additionally, digital cash can be used as an individual solution to disaster preparedness at the family level, and as a collective solution to financial disaster preparedness at the community level. Yet, its utilization remains low and it is relatively concentrated to young adult families. Digital cash is a promising disaster preparedness resource for the next generation.

Perencanaan dan Pengelolaan Keuangan Keluarga di Masa Pandemi Covid-19

This activity aims to provide training and understanding to the community on the importance of family financial planning and management. This activity was motivated by the current conditions of the Covid-19 pandemic. When the wheels of the economy became disrupted, many companies went out of business and went bankrupt, resulting in many companies that laid off their employees. This will undoubtedly have a significant impact on disrupting the family economy on a small scale and the country's economy on a larger scale. Therefore, this service activity needs to be carried out because, through the ability to plan and manage sound finances, it is believed that it will help the family in planning their grievances so that financial problems can be minimized. The activities carried out were workshops and seminars involving homemakers in Padang. The selection of homemakers in this activity was because a mother is a financial manager in a family. So that the mother's ability to manage finances determines the family's financial condition, this activity was carried out for one day. The result of this activity was an increase in the ability of homemakers to manage and plan finances.

A Fuzzy Decision-Making Soft Model for Family Financial Planning in the Post-COVID-19 World

With COVID-19 still making headlines around the world, many people currently feel uncertain about many aspects of life, including family financial planning and wealth management. Financial planning is important at all times, but it becomes essential during a crisis such as the coronavirus pandemic, which has disrupted people’s finances. Some economic consequences are already apparent, but the financially-induced stress caused by the uncertainty is less visible. With the increase in family wealth and size of organizations, there is a comparable increase in their assets. There is considerable demand for professionals to manage these assets and coordinate investment activities in order to maintain growth. This raises the issue of how to increase a wealth management bank’s competitive advantages. This study approached the issue by using experts and the application of fuzzy logic and decision-making trial and evaluation laboratory and multiple criteria decision-making to segment a set of the selection criteria used by prospective customers, to select a wealth management bank that can effectively manage personal wealth. The results showed that the management’s learning and growth perspective was the most important factor in respondents’ selection of a wealth management bank. This paper also provides managerial practice implications.

Faktor-Faktor Yang Mempengaruhi Perencanaan Keuangan Keluarga

This study aims to show the effect of financial literacy, education level, and income level on family financial planning in Banjar Balam village, Lirik sub-district, Indragiri Hulu regency, and Riau province. The research method was developed quantitatively. The population of this study was all heads of families in the Banjar Balam village, as many as 504 people. The sampling technique used purposive sampling in order to obtain 80 samples. Research shows that financial literacy and income level positively and significantly affect family financial planning. In contrast, the level of education does not affect family financial planning. Simultaneously financial literacy, education level, and income level significantly affect family financial planning by 34 percent. This research can be a reference for local governments in disseminating family financial planning in Indragiri Hulu regency.