Analysis of Financial Management and Subjective Well-Being of Bank Emok Customer Families in Bandung City, West Java
Article Sidebar
Main Article Content
Abstract
Facing rising prices requires effective financial management to improve family welfare. Low income and having difficulty making ends meet can often cause people to go into debt. It is essential to achieve a good balance between income and debt by understanding the limits of one's ability to pay and utilizing debt wisely for productive purposes. The purpose of the study was to gain an understanding of family characteristics and debt characteristics that become Bank Emok customers and analyze the relationship and influence of family characteristics, debt characteristics, financial management and subjective welfare. This study used a purposive cross-sectional study design with respondents of as many as 60 wives from complete families who became customers of Bank Emok. The results of the relationship test (correlation) showed that the age of the wife was significantly negatively associated with financial management. The length of marriage was significantly positively related to the amount of debt. Income is completely considerably associated with financial management and subjective well-being. The results of the influence test with Structural Equation Modeling show that the application of sound financial management practices can make a positive contribution to emotional well-being (β= 0.561**; t > 1.96).
Downloads
Article Details
This work is licensed under a Creative Commons Attribution 4.0 International License.
References
Anggraeni LD, Cahyo SM, Rohmat S. (2020). Analisis Faktor Yang Mempengaruhi masyarakat muslim menggunakan jasa "bank emok" di desa cilalawi kecamatan sukatani Kabupaten Purwakarta. EKSISBANK: Ekonomi Syariah Dan Bisnis Perbankan. 4(2):168–187.doi.org/10.37726/ee.v4i2.84
Aidha, C.N., Mawesti, D., Silvia, D., Ningrum, D.R., Armintasari, F., Priambodo, R., Sularsi, & Aji, W. (2019) Keterlilitan Utang Rumah Tangga (Studi Terhadap Profil dan Risiko Konsumen Kartu Kredit dan Pinjaman Online). Responsibank: Jakarta
Badan Pusat Statistik (2020) Proporsi Kredit UMKM Terhadap Total Kredit 2020. https://www.bps.go.id/indicator/35/1192/1/proporsi-kredit-umkm-terhadap totalkredit.html
Baryla-Matejczuk M, Skvarciany V, Cwynar A, Poleszak W, Cwynar W. (2020). Link between financial management behaviours and quality of relationship and overall life satisfaction among married and cohabiting couples: Insights from application of Artificial Neural Networks. Int. J. Environ. Res. Public Health, 17(4):1190.doi:10.3390/ijerph17041190
Berisha E, Meszaros J. (2018). Household Debt, Consumption, and Income Inequality. Int Econ J. 32(2):161–176. doi:10.1080/10168737.2018.1481874
Broadbent P, Thomson R, Kopasker D, McCartney G, Meier P, Richiardi M, McKee M, Katikireddi SV. (2023). The public health implications of the cost-of-living crisis: outlining mechanisms and modelling consequences. Lancet Reg Heal - Eur. 27:100585. doi:10.1016/j.lanepe.2023.100585.
Brzozowski, M., & Spotton Visano, B. (2020). “Havin’money’s not everything, not havin’it is”: The importance of financial satisfaction for life satisfac-tion in financially stressed households. Journal of Happiness Studies, 21(2), 573–591. https://doi.org/10. 1007/s10902-019-00091-0
Brüggen, E. C., Hogreve, J., Holmlund, M., Kabadayi, S., & Löfgren, M. (2017). Financial well-being: A conceptualization and research agenda. Journal of Business Research, 79, 228–237. https://doi.org/10. 1016/j.jbusres.2017.03.013
Budiman H, Harjadi D, Anugrah D. (2021). Sosialisasi undang undang nomor 10 tahun 1998 tentang perBankan untuk mencegah meluasnya Bank Emok pada masyarakat tidak mampu. J Pengabdi Masy. 4(2):126–132. doi:10.25134/empowerment.v4i02.4663.
Chien, Y. W., & Devaney, S. A. (2001). The effects of credit attitude and socioeconomic factors on credit card and installment debt. Journal of Consumer Affairs, 35(1), 162–179
Chin WW. (1998). The partial least squares approach to structural equation modeling. Modern methods for business research. 295(2): 295-336
Dew J, Barham C, Hill EJ. (2020). The longitudinal associations of Sound Financial Management Behaviors and marital quality. J. Fam. Issues 42(1):1-12. doi:10.100 7/s10834-020-09701-z
Ferreira AJ, Carvalho F, Pinho. (2020). Political competition as a motivationfor earnings management close to zero: the caseof Portuguese municipalities. J. Publc Budgtng, Account and Financl Managmnt 32(3): 461-485. https://doi.org/10.1108/JPBAFM-10-2018-0109.
Firdaus F, Sunarti E. (2009). Hubungan Antara Tekanan Ekonomi Dan mekanisme koping Dengan Kesejahteraan Keluarga Wanita Pemetik. J. Ilmu Kel. dan Konsum. 2(1):21–31. doi.org/10.24156/jikk.2009.2.1.21
Hurlock, EB. (1999). Perkembangan Anak. Jilid 2. Jakarta : Erlangga
Iramani R, Lutfi L. (2021). An integrated model of financial well-being: The roleof financial behavior. Accounting, 691-700.doi:org/10.5267/j.ac.2020.12.007
Iskandar A. (2007). Analisis praktek manajemen sumberdaya keluarga dan dampaknya terhadap kesejahteraan keluarga di Kabupaten dan Kota Bogor. Fakultas Ekologi Manusia. [disertasi]. Bogor: Institut Pertanian Bogor.
Johan IR. (2022). Tackling the Challenges of Financial Inclusion and Illegal Lending in Indonesia. Iseas. 5(2022):1–11. https://fulcrum.sg/tackling-the-challenges-of-financial inclusion-and-illegal-lending-in-indonesia/.
Jongbloed, J. (2018). Higher education for happiness? Investigating the impact of education on the hedonic and eudaimonic well-being of Europeans. Eur. Educ. Res. J. 17, 733–754. doi: 10.1177/1474904118770818
Netemeyer, R. G., Warmath, D., Fernandes, D., Lynch, J. G., Fischer, E., & Toubia, O. (2018). How am I doing? Perceived financial well-being, its potential antece-dents, and its relation to overall well-being. Journal of Consumer Research, 45(1), 68–89. https://doi.org/10.1093/jcr/ucx109
Norman E, Suryani E. (2019). Managemen Keuangan keluarga pascaperceraian.As Syar'i: Jurnal Bimbingan & Konseling Keluarga. (1):25–47. https://doi.org/10.47467/assyari.v1i1.46
Permatasari, G. (2021). Pengaruh Literasi dan Sikap Keuangan terhadap Perilaku Berhutang Nasabah Bank Berjanji. Thesis. IPB University
Rosa I, Listiadi A. 2020. dan kontrol diri terhadap manajemen keuangan pribadi Effects of financial literacy , financial education on family , peers , and self control on personal financial management. J Manaj. 12(2):244–252
Sitepu, A. (2020). Fenomena Rentenir: Studi Eksploratori di Kabupaten Bekasi dan Sekitarnya. Sosio Konsepsia: Jurnal Penelitian dan Pengembangan Kesejahteraan Sosial, 10(1). https://doi.org/10.33007/ska.v10i1.2022
Spuhlera BK, Dew J. (2019). Sound Financial Management and Happiness: Economic Pressure and Relationship Satisfaction as Mediators. J Financ Couns Plan. 30(2):157–174. doi:10.1891/1052-3073.30.2.157
Straus R. (2015). Household debt hits record high of £9,000 says PWC. ;https://www.thisismoney.co.uk/money/cardsloans/article3007368/Househol d debt-hits-record-high-9-000-says-PwC.html
Strzelecka A, Zawadzka D. (2020). Why households borrow money? socio- economic factors affecting households debts: A model approach. European Research Studied Journal. 23(2):820–839. doi.org/10.35808/ersj/1900
Sugianto, D. (2019). Mengenal Bank Emok, Rentenirnya Emak-emak di Jawa Barat. https://finance.detik.com/moneter/d 4788993/mengenal-bank-emok-rentenirnya-emak-emak-di-jawa-barat
Sunarti E. (2015). Ketahanan Keluarga Indonesia : dari Kebijakan dan Penelitian. Ed ke-1. Bogor: IPB Press.
Sunarti E. (2018). Work Stability, Economic Pressure and Family Welfare in Indonesia. The Social Sciences. 13(6):1186-1193. doi10.36478/sscience.2018.1186.1193
Sunarti E. (2021). Inventori Pengukuran Keluarga. Bogor: Penerbit IPB Press.
Tunerah (2015). Pengaruh Jasa Kredit Rentenir Terhadap Tingkat Kesejahteraan Masyarakat (Studi Kasus Desa Karanganyar Kec. Kandanghaur Kab. Indramayu). Kementerian Agama Republik Indonesia Institut Agama Islam Negeri (IAIN) Syekh Nurjati Cirebon.
Trading Economics (2023). Indonesia Households Debt To GDP. https://tradingeconomics.com/indonesia/households-debt-to-gdp
Wang Z, Sohail MT. Short- and Long-Run Influence of Education on Subjective Well-Being: The Role of Information and Communication Technology in China. Front Psychol. (2022). Jun 14;13:927562. doi: 10.3389/fpsyg.2022.927562. PMID: 35774959; PMCID: PMC9237439.
Wetzels M, Odekerken-Schröder G, Van Oppen C. (2009). Using PLS path modeling for assessing hierarchical construct models: Guidelines and empirical illustration. MIS quarterly.177-195
Xu Y, Bright CL, Barth RP, Ahn H. (2021). Poverty and Economic Pressure, Financial Assistance, and Children’s Behavioral Health in Kinship Care. Child Maltreat. 26(1):28– 39. doi:10.1177/1077559520926568