Household Economic Management Training for Achieving Family Well-Being in Kota Daro Village, Ogan Ilir Regency

Ariodillah Hidayat, Mardalena Mardalena, Sri Andaiyani, Liliana Liliana, Xenaneira Shodrokova

Abstract


This community service aims to increase the awareness, attitudes, skills, and abilities of family members in managing household finances effectively. The community service method used in this activity is educational-participatory, through interactive service that actively involves residents in the learning process about basic concepts of household finance, budget planning, and saving strategies. The target subjects in this activity are heads of families and MSME actors in Daro City Village, Ogan Ilir Regency, especially heads of families and housewives. The evaluation instrument used was a closed questionnaire, which was distributed after the training activities were completed. The data analysis technique uses quantitative descriptive by using percentages to show the level of response of participants to the level of understanding, motivation, readiness to implement financial strategies, and obstacles still faced in household economic management. The results of the service show that the participants' understanding of financial management has increased. This service fosters greater awareness of the importance of budgeting, prioritizing needs over wants, and maintaining financial discipline in the household. Participants also realized the importance of openness, honesty, and cooperation between family members in achieving long-term financial stability.


Keywords


Training; Household Economic Management; Family Well-Being.

Full Text:

PDF

References


Abdullah, N., Fazli, S. M., & Arif, A. M. M. (2019). The Relationship between attitude towards money, financial literacy and debt management with young worker's financial well-being. Pertanika Journal of Social Sciences and Humanities, 27(1), 361–387.

Adhariani, D. (2022). Microfinance and the Role of Accounting in Supporting Family-Resilience-Based Women's Empowerment. Qualitative Report, 27(2), 366–384. https://doi.org/10.46743/2160-3715/2022.4249

Ankrah Twumasi, M., Jiang, Y., Adhikari, S., Adu Gyamfi, C., & Asare, I. (2022). Financial literacy and its determinants: the case of rural farm households in Ghana. Agricultural Finance Review, 82(4), 641–656. https://doi.org/10.1108/AFR-06-2021-0078

Bist, R. B., Bist, K., Poudel, S., Subedi, D., Yang, X., Paneru, B., Mani, S., Wang, D., & Chai, L. (2024). Sustainable poultry farming practices: a critical review of current strategies and future prospects. Poultry Science, 103(12), 104295. https://doi.org/10.1016/j.psj.2024.104295

Boto-García, D., Bucciol, A., & Manfrè, M. (2022). The role of financial socialization and self-control on saving habits. Journal of Behavioral and Experimental Economics , 100 (May 2021). https://doi.org/10.1016/j.socec.2022.101903

Conger, R. D., Ge, X.-J., & Lorenz, F. O. (1994). Economic Stress and Marital Relations. In Families in Troubled Times. Routledge. https://www.taylorfrancis.com/chapters/edit/10.4324/9781003058809-12/economic-stress-marital-relations-rand-conger-xiao-jia-ge-frederick-lorenz

Cortés-Morales, S., & Main, G. (2022). Needs or Wants? Children and Parents Understanding and Negotiating Needs and Necessities. Childhood Vulnerability Journal, 4(1–3), 13–36. https://doi.org/10.1007/s41255-021-00020-5

Despard, M. R., Friedline, T., & Martin-West, S. (2020). Why Do Households Lack Emergency Savings? The Role of Financial Capability. Journal of Family and Economic Issues, 41(3), 542–557. https://doi.org/10.1007/s10834-020-09679-8

Drever, A. I., Odders-White, E., Kalish, C. W., Else-Quest, N. M., Hoagland, E. M., & Nelms, E. N. (2015). Foundations of financial well-being: Insights into the role of executive function, financial socialization, and experience-based learning in childhood and youth. Journal of Consumer Affairs, 49(1), 13–38. https://doi.org/10.1111/joca.12068

Figley, C. R., & Mccubbin, H. I. (2016). Stress and The Family. In Coping With Catastrophe (1st ed.). Routledge. https://doi.org/10.4324/9781315791814

Fred van Raaij, W., Antonides, G., & Manon de Groot, I. (2020). The benefits of joint and separate financial management of couples. Journal of Economic Psychology, 80(September), 102313. https://doi.org/10.1016/j.joep.2020.102313

French, D., & McKillop, D. (2016). Financial literacy and over-indebtedness in low-income households. International Review of Financial Analysis, 48, 1–11. https://doi.org/10.1016/j.irfa.2016.08.004

Hidayat, A., Liliana, L., Harrunurasyid, H., & Shodrokova, X. (2023). The Relationship Between Financial Development and the Composite Stock Price Index in Emerging Market Countries : A Panel Data Evidence. Organizations and Markets in Emerging Economies, 14(3), 621–643. https://doi.org/10.15388/omee.2023.14.8

Hidayat, A., Liliana, Pertiwi, R., Yunisvita, & Andaiyani, S. (2024). The Role of Green Financing in Supporting Sustainable Business for Msmes in Tunas Aur Village, Indralaya District, Ogan Ilir Regency. MARTABE: Journal of Community Service, 7(2), 642–653. https://doi.org/10.31604/jpm.v7i2.642-653

Hidayat, A., & Shodrokova, X. (2024). The Impact of Banking Penetration on Foreign Direct Investment in ASEAN: Comparative Analysis of Indonesia, Malaysia, and Thailand. Innovation Economics Frontiers, 27(2), 45–56. https://doi.org/10.36923/iefrontiers.v27i2.245

Hidayat, A., Suhel, S., & Mardalena, M. (2023). Sustainability of Microfinance Institutions: An Analysis of Influencing Factors in South Sumatra Province. Journal of Development Economics, 21(1), 13–24. https://doi.org/10.29259/jep.v21i1.19573

James, D., & Simister, N. (2017). Quantitative Analysis. In Intrac for civil society. https://www.intrac.org/wpcms/wp-content/uploads/2017/01/Quantitative-analysis.pdf

Joseph, C., & Said, R. (2020). Community-Based Education: A Participatory Approach to Achieve the Sustainable Development Goal. In Quality Education (pp. 101–111). Springer, Cham. https://doi.org/10.1007/978-3-319-95870-5_67

Langenwalter, G. A. (2020). Enterprise Resources Planning and Beyond. In Taylor and Francis. CRC Press. https://doi.org/10.1201/9781420049060

Lebaron, A. B., Hill, E. J., Rosa, C. M., & Marks, L. D. (2018). Whats and Hows of Family Financial Socialization: Retrospective Reports of Emerging Adults, Parents, and Grandparents. Family Relations, 67(4), 497–509. https://www.jstor.org/stable/45091039

Lopatynskyi, Y., Shpykuliak, O., Kyfyak, V., Shelenko, D., & Diuk, A. (2023). Socio-economic role and institutional capacity of family farms in the implementation of the sustainable development goals. Economics, 30(3), 18–28. https://doi.org/10.32317/2221-1055.202303018

Nanda, A. P., & Banerjee, R. (2021). Consumer's subjective financial well-being : A systematic review and research agenda. International Journal of Consumer Studies, 1–27. https://doi.org/10.1111/ijcs.12668

Nassaji, H. (2015). Qualitative and descriptive research: Data type versus data analysis. Language Teaching Research, 19(2), 129–132. https://doi.org/10.1177/1362168815572747

Ribaj, A., & Mexhuani, F. (2021). The impact of savings on economic growth in a developing country (the case of Kosovo). Journal of Innovation and Entrepreneurship, 10(1), 1–13. https://doi.org/10.1186/s13731-020-00140-6

Salignac, F., Hamilton, M., Noone, J., Marjolin, A., & Muir, K. (2020). Conceptualizing Financial Wellbeing: An Ecological Life-Course Approach. Journal of Happiness Studies, 21(5), 1581–1602. https://doi.org/10.1007/s10902-019-00145-3

Song, Z. M., & Xiong, W. (2018). Risks in China's Financial System. Annual Review of Financial Economics, 10, 1–40. https://doi.org/10.1146/annurev-financial-110716-032402

Stack, R. J., & Meredith, A. (2018). The Impact of Financial Hardship on Single Parents: An Exploration of the Journey From Social Distress to Seeking Help. Journal of Family and Economic Issues, 39(2), 233–242. https://doi.org/10.1007/s10834-017-9551-6

Straub, L. (2018). Consumption, Savings, and the Distribution of Permanent Income. In Job Market Paper.

United Nations. (2025). Ensure inclusive and equitable quality education and promote lifelong learning opportunities for all. United Nations. https://sdgs.un.org/goals/goal4

Zada, M., Yukun, C., & Zada, S. (2021). Effect of financial management practices on the development of small-to-medium size forest enterprises: insight from Pakistan. GeoJournal, 86(3), 1073–1088. https://doi.org/10.1007/s10708-019-10111-4




DOI: https://doi.org/10.33394/jpu.v6i2.14593

Refbacks

  • There are currently no refbacks.


Copyright (c) 2025 The Author(s)

Creative Commons License
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Jurnal Pengabdian UNDIKMA

ISSN: 2722-5097 (Online)

Published by LPPM Universitas Pendidikan Mandalika (UNDIKMA)

Email: [email protected]

This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.