This paper presents an empirical study on women’s financial literacy in a developing country, Indonesia. Financial literacy in developing countries, especially for women, needs to be improved. Traditionally, women have an important role in managing family finances. Their ability to conduct good financial management can help their family’s financial stability and improve its welfare. If women do not have adequate capacity to manage the family’s finances, the family’s economic health can be at risk. Having financial literacy is important as it provides financial resilience at times of uncertainty. This explanatory research uses a sample comprising 100 women living in the city of Bandung, Indonesia, who are in the Baby Boomer generation as well as in Generations X, Y, and Z. The data were collected through an online questionnaire and analyzed using partial least squares structural equation modeling (PLS-SEM). The results provide evidence that perceived financial knowledge has a significant effect on financial management behavior in the dimensions of savings behavior, shopping behavior, long-term planning, and short-term planning. Moreover, the study results show that the respondents have a moderate level of financial literacy and financial management behavior.
The community service initiative, in conjunction with ILO-Score, aims to support MSME players in the Razka basic food shop. These business players are still simple in terms of governance, layout, and public advertising. The condition that exists is that the things being traded are still placed randomly and are unknown to the surrounding population. The work program implemented is the 5S idea and location mapping on Google maps for the early phases of digital marketing. The participation of students in this support creates new behaviors that business players have not before exercised. Business actors may use their understanding of net production to improve their operations.
Pelatihan Financial Life Skills (FLS) merupakan program partisipatif dan kerjasama antara USAID dan pemerintah Republik Indonesia melalui Youthwin Through Economic Participant Project (Yep Project). Melalui program pelatihan Financial Life Skills turut berperan memberikan kontribusi penyadaran literasi keuangan bagi masyarakat khususnya para generasi muda. Metode pengabdian pelatihan FLS dilakukan menggunakan metode pelatihan experience learning cycle (ELC) dimana pelatih dan peserta akan saling berinterasi secara interaktif melalui berbagai macam aktivitas seperti simulasi, role play, pengisian lembar kerja, tanya jawab, diskusi. Metode ELC cocok digunakan untuk pelatihan FLS agar keterampilan peserta tidak hanya cukup dengan mendengar dan melihat saja tetapi peserta dapat merasakan pengalaman langsung pada saat kegiatan pelatihan berlangsung sehingga pada akhir pelatihan diharapkan peserta benar-benar dapat mengalami perubahan knowledge dan attitude sebagai bekal untuk perubahan behavior di masa yang akan datang. Berdasarkan hasil evaluasi peserta, pelatihan ini memberikan manfaat bagi generasi muda untuk menjadi generasi yang tidak hanya produktif namun juga cerdas mengelola keuangan agar hidup sejahtera dimasa yang akan datang.
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