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Journal of Economics Finance and Management Studies
Article . 2025 . Peer-reviewed
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ZENODO
Article . 2025
License: CC BY
Data sources: ZENODO
ZENODO
Article . 2025
License: CC BY
Data sources: Datacite
ZENODO
Article . 2025
License: CC BY
Data sources: Datacite
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Financial Planning for Financial Freedom

Authors: M. Nuruddin Subhan; Nurul Hilmiyah; Riska Yustisiana; Bintang Andhyka; Wasi Widayadi; Shinta Budi Astuti; Fachri Affandi; +1 Authors

Financial Planning for Financial Freedom

Abstract

Financial literacy is an individual's ability to understand and use various financial skills, including budget planning, debt management, savings, investments, and understanding financial products and services. These skills are essential for making wise financial decisions and achieving financial well-being. Financial literacy benefits include improved financial management. Individuals with a high level of financial literacy tend to have better skills in budget planning, savings, and debt management, contributing to personal and family financial stability. Furthermore, financial literacy also supports government efforts to increase financial inclusion, enabling individuals to access and utilize formal financial services, such as bank accounts, insurance, and other investment products. Sixty percents of Indonesian migrant workers in Malaysia have low financial literacy, making them difficult to manage and plan their personal finances, understand financial products, and make financial and investment decisions. This, in turn, impacts financial stability (managing personal income and expenses) and the potential risk of future financial difficulties. Meanwhile, the availability of training on personal financial management to improve the financial literacy of migrant workers remains very limited, preventing this problem from being addressed immediately. After the training, 80% of participants agreed that the material provided was high-quality and useful, and 85% strongly agreed that they were overall satisfied and benefited from the financial literacy training provided by the trainer.

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Keywords

financial literacy, financial inclusion

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
Average
Average
Green
gold