The Influence of Financial Management on Family Economy
Abstract
In households, women act not only as wives and mothers but as managers of the economy. Awareness of the importance of women’s role as managers of the household economy is the key to improving the community’s economy. In households, a balance of governance, order, and concept of a good household is needed. Management is crucial in achieving desired goals in households. Women make expenditure plans based on their needs. Planning and organizing household expenditure is most effective when accompanied by proper implementation. Financial control is crucial to improving family economy. This study applied quantitative research methods, and data collection was done through interviews, questionnaires, and literature reviews. The data analysis was performed using the SmartPLS version 3.0. The results indicated that the variable of financial planning and control had positive and significant effects on improving family economy. The variable of financial organizing and actuating had no effect on improving family economy.
Keywords: economy, planning, organizing, actuating, controlling
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