Stepping into the Future Wisely: Shaping Savings Behavior In the Young Generation Through Financial Literacy Program
Shaping Savings Behavior In the Young Generation Through Financial Literacy Program
Keywords:
Saving, money management, financial literacy, teenagers, waste, consumption, financial knowledgeAbstract
Saving is a way for individuals to reduce their consumption in order to have more money in the future. A poor attitude towards money management affects a person's ability to save, creates anxiety, and allows wasteful lifestyle habits to continue in everyday life. Encouraging thrifty behavior among teenagers is thought to reduce waste in consumption activities. This research found that sufficient financial knowledge can increase the saving behavior of the younger generation. Therefore, financial literacy programs should be improved and included in the curriculum at all levels of learning, with the aim of strengthening good attitudes in financial management, including saving, investing, understanding financial functions and services, and making wise financial decisions. In addition, schools and families must collaborate in providing practical and applicable financial education, as well as providing simulations or real exercises that can help teenagers understand and apply everyday financial concepts.
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Ferilli, G. B., Palmieri, E., Miani, S., & Stefanelli, V. (2024). The Impact Of Fintech Innovation On Digital Financial Literacy In Europe: Insights From The Banking Industry. Research In International Business And Finance, 102218. Https://Doi.Org/10.1016/J.Ribaf.2024.102218
Fitriati, F., Rosli, R., Iksan, Z., & Hidayat, A. (2023). Exploring Challenges In Preparing Prospective Teachers For Teaching 4C Skills In Mathematics Classroom: A School-University Partnership Perspectives. Cogent Education, 11(1). Https://Doi.Org/10.1080/2331186X.2023.2286812
Gifford, R., & Nilsson, A. (2014). Personal And Social Factors That Influence Pro-Environmental Concern And Behaviour: A Review. In International Journal Of Psychology (Vol. 49, Issue 3, Pp. 141–157). Wiley-Blackwell Publishing Ltd. Https://Doi.Org/10.1002/Ijop.12034
Jana, D., Sinha, A., & Gupta, A. (2019). Determinants Of Financial Literacy And Use Of Financial Services: An Empirical Study Amongst The Unorganized Sector Workers In Indian Scenario. Iranian Journal Of Management Studies, 12(4), 657–675. Https://Doi.Org/10.22059/Ijms.2019.268945.673392
Kang, V. Y., Coba-Rodriguez, S., & Kim, S. (2024). “We Need To Prepare And Adjust”: The School Readiness Beliefs And Practices Of Korean Families With Preschool-Aged Children. Early Childhood Research Quarterly, 67, 55–66. Https://Doi.Org/10.1016/J.Ecresq.2023.11.005
Kuster-Boluda, I., & Vila-Lopez, N. (2023). Gender Differences Among Teenagers: Healthy And Unhealthy Lifestyle Habits And Eating Behaviours, Food Involvement And Packaging Cues. British Food Journal, 125(5), 1666–1682. Https://Doi.Org/10.1108/BFJ-03-2022-0302
Mellal. (2023). Financial-Culture-As-One-Of-The-Ways-To-Improve-The-Financial-Behavior-Of-Individuals-And-Its-Role-In-Promoting-Comprehensive-Growth.
Montoya Castaño, D., Franky Rodríguez, J., Villaveces, J., Milena Hoyos Gómez, N., Gómez, K., Lucía Manrique CUADERNOS ECONOMÍA EDITOR Gonzalo Cómbita, O. DE, College Hernando Matallana Laverde, M., Carlos Córdoba, J., Chicaíza, L., Herrera Idárraga, P., Miguel Gallego, J., García, M., Montoya, I., Carlos Moreno Brid, J., Muñoz, M., Özak, Ö., Ripoll, M., Cárdenas, E., Félix Cataño, J., … Bautista Rodríguez, G. (N.D.). Universidad Nacional De Colombia Rectora Vicerrector Sede Bogotá Facultad De Ciencias Económicas Decana Escuela De Economía Directora Centro De Investigaciones Para El Desarrollo-Cid Doctorado Y Maestría En Ciencias Económicas Y Programa Curricular De Economía Coordinadora Editores Invitados Yeva Nersisyan 88 88 88 2023 Asesores Externos Comité Científico. Www.Ceconomia.Unal.Edu.Co
Nurlaili, N. (2023). What Are The Factors Of Unhealthy Financial Behavior In The Muslim Community Of Metro Lampung City? Al-Kharaj : Jurnal Ekonomi, Keuangan & Bisnis Syariah, 6(1), 236–250. Https://Doi.Org/10.47467/Alkharaj.V6i1.3563
Owusu, G. M. Y., Ossei Kwakye, T., & Duah, H. (2023). The Propensity Towards Indebtedness And Savings Behaviour Of Undergraduate Students: The Moderating Role Of Financial Literacy. Journal Of Applied Research In Higher Education, Ahead-Of-Print(Ahead-Of-Print). Https://Doi.Org/10.1108/JARHE-11-2022-0340
Posso, A. (2023). Terrorism, Banking, And Informal Savings: Evidence From Nigeria. Journal Of Banking And Finance, 150. Https://Doi.Org/10.1016/J.Jbankfin.2023.106822
Sandra. (2023). Supplemental Material For Leveraging Psychological Fit To Encourage Saving Behavior. Https://Doi.Org/10.1037/Amp0001128.Supp
Scheinholtz, L., Kalish, C., & Holden, K. (N.D.). Cognitive Development And Children’s Understanding Of Personal Finance *. Http://Www.Cunapfi.Org/Download/168_CUNA_Report_PHASE_ONE_FINAL_4-28-9.Pdf
She, L., Rasiah, R., Weissmann, M. A., & Kaur, H. (2024). Using The Theory Of Planned Behaviour To Explore Predictors Of Financial Behaviour Among Working Adults In Malaysia. FIIB Business Review, 13(1), 118–135. Https://Doi.Org/10.1177/23197145231169336
Soroko, A. (2023). Teaching Young People More Than “How To Survive Austerity”: From Traditional Financial Literacy To Critical Economic Literacy Education. Theory And Research In Social Education, 51(1), 128–156. Https://Doi.Org/10.1080/00933104.2022.2104674
Stieger, S., & Jekel, T. (2019). Ideology, Education, And Financial Literacy Uncovering Neoliberal Ideology In Assessment Studies Of Economics Education-The Case Of Austria. Journal Of Social Science Education, 18(2), 4–27. Https://Doi.Org/10.4119/Jsse-906
Streimikiene, D., Mikalauskiene, A., & Macijauskaitė -Daunaraviciene, U. (N.D.). THE ROLE OF INFORMATION IN SHAPING SUSTAINABLE HUMAN BEHAVIOUR. RECENT ISSUES IN SOCIOLOGICAL RESEARCH Economics & Sociology, 16(3), 2023. Https://Doi.Org/10.14254/2071
Suresh G. (2024). Impact Of Financial Literacy And Behavioural Biases On Investment Decision-Making. FIIB Business Review, 13(1), 72–86. Https://Doi.Org/10.1177/23197145211035481
Uy, C., Manalo, R., Pastolero Bayona, S., Manalo, R. A., & Bayona, S. P. (N.D.). Determinants Of Saving Behavior Of Working Professionals: An Intergenerational Perspective. Review Of Integrative Business And Economics Research, 13, 372. Https://Www.Researchgate.Net/Publication/376235898
Wong Chun Tat, B., Liew Peh Ting, C., Vasudevan, A., Yee Fong, W., Suan Cheng, C., Hai Sam, T., & Ruiteng, X. (N.D.). Factors Affecting Financial Distress Among Malaysian Young Working Adults In Malaysia.
Yusfiarto, R., Nugraha, S. S., Mutmainah, L., Berakon, I., Sunarsih, S., & Nurdany, A. (2023). Examining Islamic Capital Market Adoption From A Socio-Psychological Perspective And Islamic Financial Literacy. Journal Of Islamic Accounting And Business Research, 14(4), 574–594. Https://Doi.Org/10.1108/JIABR-02-2022-0037
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Published
2024-08-12
How to Cite
Tarigan, R. A., Amba Dewi, H., & Wibowo, A. . (2024). Stepping into the Future Wisely: Shaping Savings Behavior In the Young Generation Through Financial Literacy Program: Shaping Savings Behavior In the Young Generation Through Financial Literacy Program. International Student Conference on Business, Education, Economics, Accounting, and Management (ISC-BEAM), 2(1). Retrieved from https://journal.unj.ac.id/unj/index.php/isc-beam/article/view/46522
