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The Importance of Personal Financial Management Awareness at the Padang Lawas Student Family Association in Yogyakarta, Indonesia

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  • Mhd Akbar Hasibuan
  • Marwanti

Abstract

This counseling aims to find out: (1) For students to know the importance of personal financial management awareness. (2). In order for students to implement and implement the importance of awareness of personal financial management for the Padang Lawas Student Family Association in Yogyakarta. Design carried out with an extension model. The location of this research was in Mie Balap Medan Kiosk Yogyakarta, Culinary Park, No. 07, Jalan Karangmalang, Sleman, Yogyakarta. The number of counseling participants was 21 people (total sampling). This counseling was conducted on Sunday, December 3, 2017. The data of this study were captured using a questionnaire to capture the Importance of Personal Financial Management Awareness. The data analysis technique is descriptive quantitative percentage analysis. Based on data obtained from counseling by distributing questionnaires as many as 30 items. It is known from the indicators of the use of funds with a percentage of 56.91%. Indicators of Determining Fund Sources with a percentage of 83.66%. Risk Management Indicator with a percentage of 31.51%. Future Planning Indicators with a percentage of 33.10%. Based on the data obtained from the results of counseling, the Importance of Personal Financial Management Awareness is still in the Enough category with a percentage of 51.29%. Thus, after this counseling was conducted and reviewed again within one month that there was a significant and increasing relationship with a percentage of 80.95%, after attending counseling with the theme The Importance of Personal Financial Management Awareness of the Padang Lawas Student Family Association in Yogyakarta.

Suggested Citation

  • Mhd Akbar Hasibuan & Marwanti, 2019. "The Importance of Personal Financial Management Awareness at the Padang Lawas Student Family Association in Yogyakarta, Indonesia," Journal of Scientific Reports, IJSAB International, vol. 1(1), pages 44-50.
    • Handle: RePEc:aif:report:v:1:y:2019:i:1:p:44-50
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    References listed on IDEAS

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    4. Doug Widdowson & Kim Hailwood, 2007. "Financial literacy and its role in promoting a sound financial system," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 70, June.
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