Financial Management among Youth

Abstract

Finance is an important component of human life. Money is not everything, but it is necessary for survival and sustenance. Money is a tool or object of universally recognized value that can be used to exchange products, services and settle debts. Finances have become very important to improve the quality of life and overall well-being of a person. A life that is not based on Islamic Sharia will lead to an imbalance in life. In general, the method used in this study is part of a qualitative approach that involves the highlighting and analysis of secondary data obtained through documents, research results or writings that have been highlighted. The data obtained is then systematically analyzed using content analysis techniques. The results of the study show that every aspect of finance includes financial management skills, planning, budgeting, control and savings. Therefore, efforts need to be implemented to improve the level of financial management and financial behavior, especially among the youth. There are several factors that influence determination in financial management, among them are individual financial management factors, family management factors and the level of literacy in Islamic financial management. It further shows a person's level of determination towards financial management based on an Islamic perspective.