Financial planning among Islamic economics students in Yogyakarta

Ida Kurnia Putri

doi:10.20885/jielariba.vol2.iss1.art3

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June 9, 2016

Accepted

June 23, 2016

Published

June 30, 2016

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Abstract

This article analyses financial planning for students who studying Islamic economic two universities in Yogyakarta, that is UIN Sunan Kalijaga and Universitas Islam Indonesia. This study is conducted by convenience sampling on 30 samples of each group.Â The questionnaire is then distributed to collect data related to financial planning, knowledge, and control. The results show that 60 respondents (53% men) generally had low Islamic financial planning. Statistically there is no difference between the two groups of samples. In addition, this study also shows that financial knowledge variables statistically affect the financial planning of the students, while the control variables do not significantly influence it. However, both variables, the variable knowledge and control variables, significantly affect financial planning.

Keywords

Islamic financial planning financial knowledge financial literacy student financial planning

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Putri, I. K. (2016). Financial planning among Islamic economics students in Yogyakarta. Journal of Islamic Economics Lariba, 2(1), 17–24. https://doi.org/10.20885/jielariba.vol2.iss1.art3

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References

Angulo-Ruiz, F., & Pergelova, A. (2015). An empowerment model of youth financial behavior. Journal of Consumer Affairs, 49(3), 550â€“575. https://doi.org/10.1111/joca.12086
Astuti, R. N., & Hartoyo. (2013). Pengaruh nilai, tingkat pengetahuan, dan sikap terhadap perencanaan keuangan hari tua. Jurnal Ilmu Keluarga Dan Konsumen, 6(2), 109â€“118. https://doi.org/10.24156/jikk.2013.6.2.109
Dewi, M. K., Khotimah, S., & Puspitasari, N. (2014). Telah financial literasi mahasiswa FEB Universitas Jenderal Soedirman: Suatu implikasi pembelajaran di perguruan tinggi. In Proceeding Seminar Nasional & Call For Papers (SCA-4) (pp. 819â€“832). Purwokerto, Indonesia: FEB Universitas Jenderal Soedirman. Retrieved from http://jp.feb.unsoed.ac.id/index.php/sca-1/article/view/720
Gerrans, P., & Heaney, R. (2016). The impact of undergraduate personal finance education on individual financial literacy, attitudes and intentions. Accounting & Finance. https://doi.org/10.1111/acfi.12247
Ghozie, P. H. (2014). Make it happen: Buku pintar rencana keuangan untuk mewujudkan mimpi. Jakarta, Indonesia: Gramedia Pustaka Utama.
Herawati, N. T. (2015). Kontribusi pembelajaran di perguruan tinggi dan literasi keuangan terhadap perilaku keuangan mahasiswa. Jurnal Pendidikan Dan Pengajaran, 48(1â€“3), 60â€“70. https://doi.org/10.23887/jppundiksha.v48i1-3.6919
Iqbal, M. (2008). Dinar solution. Jakarta, Indonesia: Gema Insani Press.
KBBI Daring. (2016). tahu. Retrieved from https://kbbi.kemdikbud.go.id/entri/pengetahuan
Kusumaningrum, D. F. (2013). Penerapan hasil belajar manajemen sumber daya keluarga pada pengelolaan keuangan mahasiswa pendidikan tata boga. Universitas Pendidikan Indonesia [Undergraduate Thesis]. Retrieved from http://repository.upi.edu/9546/
Laily, N. (2013). Pengaruh literasi keuangan terhadap perilaku mahasiswa dalam mengelola keuangan. Jurnal Pendidikan Akuntansi (JPA), 1(4). Retrieved from http://journal.um.ac.id/index.php/jpa/article/view/3956
Lestari, S. (2015). Literasi keuangan serta penggunaan produk dan jasa lembaga keuangan. Fokus Bisnis, 14(2), 14â€“24. Retrieved from http://journal.stieputrabangsa.ac.id/index.php/fokbis/article/view/45
Lukmanto, R. (2014). Studi deskriptif persepsi mahasiswa tentang perencanaan keuangan mahasiswa di Surabaya. CALYPTRA: Jurnal Ilmiah Mahasiswa Universitas Surabaya, 3(1). Retrieved from http://journal.ubaya.ac.id/index.php/jimus/article/view/624
Margaretha, F., & Pambudhi, R. A. (2015). Tingkat literasi keuangan pada mahasiswa S-1 Fakultas Ekonomi. Jurnal Manajemen Dan Kewirausahaan, 17(1), 76â€“85. https://doi.org/10.9744/jmk.17.1.76-85
Megaputra, G., & Indrawati, N. K. (2014). Strategy to achieve financial goals (Descriptive study on University of Brawijaya student). Jurnal Ilmiah Mahasiswa FEB, 2(2). Retrieved from http://jimfeb.ub.ac.id/index.php/jimfeb/article/view/1354
Mendari, A. S., & Kewal, S. S. (2013). Tingkat literasi keuangan di kalangan mahasiswa STIE Musi. Jurnal Economia, 9(2), 130â€“140. https://doi.org/10.21831/economia.v9i2.1804
Mukhlisin, M. (2013). Sakinah finance: Solusi mudah mengatur keuangan keluarga Islami. Surakarta, Indonesia: Tinta Medina.
Murphy, D. S., & Yetmar, S. (2010). Personal financial planning attitudes: a preliminary study of graduate students. Management Research Review, 33(8), 811â€“817. https://doi.org/10.1108/01409171011065617
Nicolini, G., Cude, B. J., & Chatterjee, S. (2013). Financial literacy: A comparative study across four countries. International Journal of Consumer Studies, 37(6), 689â€“705. https://doi.org/10.1111/ijcs.12050
Potrich, A. C. G., Vieira, K. M., Coronel, D. A., & Bender Filho, R. (2015). Financial literacy in Southern Brazil: Modeling and invariance between genders. Journal of Behavioral and Experimental Finance, 6, 1â€“12. https://doi.org/10.1016/j.jbef.2015.03.002
Power, M., & Hobbs, J. M. (2015). A comparative analysis of financial professionalsâ€™ perception of the level of graduating business student retirement planning familiarity, motivation, and preparedness. Risk Management and Insurance Review, 18(2), 273â€“295. https://doi.org/10.1111/rmir.12044
Power, M. L., Hobbs, J. M., & Ober, A. (2011). An empirical analysis of the effect of financial education on graduating business studentsâ€™ perceptions of their retirement planning familiarity, motivation, and preparedness. Risk Management and Insurance Review, 14(1), 89â€“105. https://doi.org/10.1111/j.1540-6296.2011.01194.x
Pratiwi, N. A., & Hartoyo. (2014). Analisis niat beli asuransi jiwa pada mahasiswa: Aplikasi theory of planned behavior. Jurnal Ilmu Keluarga & Konsumen, 7(1), 58â€“66. https://doi.org/10.24156/jikk.2014.7.1.58
Priya, A. R. S., Krishnaraj, R., & Chitra, M. (2015). A study on awareness of personal financial planning among pharma students in Chennai City. International Journal of Pharmaceutical Sciences Review and Research, 33(2), 25â€“29. Retrieved from http://globalresearchonline.net/journalcontents/v33-2/06.pdf
Rahman, A. (1995). Doktrin ekonomi Islam (Jilid 2). Yogyakarta, Indonesia.
Rasyid, R. (2012). Analisis tingkat literasi keuangan mahasiswa Program Studi Manajemen Fakultas Ekonomi Universitas Negeri Padang. Jurnal Kajian Manajemen Bisnis, 1(2), 91â€“108. Retrieved from http://ejournal.unp.ac.id/index.php/jkmb/article/view/4778
Rita, M. R., & Pesudo, B. C. A. (2014). Apakah mahasiswa sudah melek keuangan? Dinamika Akuntansi Keuangan Dan Perbankan, 3(1), 58â€“65. Retrieved from http://www.unisbank.ac.id/ojs/index.php/fe9/article/view/2878
Roszkowski, M. J., Glatzer, M., & Lombardo, R. (2015). An analysis of the nature of the relationship between SAT scores and financial literacy. Journal of Business & Finance Librarianship, 20(1â€“2), 66â€“94. https://doi.org/10.1080/08963568.2015.978715
Salleh, A. M. H. A. P. M. (2015). A comparison on financial literacy between welfare recipients and non-welfare recipients in Brunei. International Journal of Social Economics, 42(7), 598â€“613. https://doi.org/10.1108/IJSE-09-2013-0210
Saunders, M., Lewis, P., & Thornhill, A. (2012). Research methods for business students (6th ed.). Essex, UK: Pearson Education Limited.
Saunders, M. N. K. (2012). Choosing research participants. In G. Symons & C. Cassell (Eds.), The Practice of Qualitative Organizational Research: Core Methods and Current Challenges (pp. 37â€“55). London, UK: Sage Publications, Ltd.
Septiani, N., & Rita, M. R. (2013). Melek finansial dan spending habits berdasarkan jenis kelamin (Studi empiris pada mahasiswa/i di FEB UKSW). In Proceeding Seminar Nasional & Call For Papers (SCA-3). Retrieved from http://www.jp.feb.unsoed.ac.id/index.php/sca-1/article/view/282
Shalahuddinta, A., & Susanti. (2014). Pengaruh pendidikan keuangan di keluarga, pengalaman bekerja dan pembelajaran di perguruan tinggi terhadap literasi keuangan. Jurnal Pendidikan Akuntansi (JPAK), 2(2), 1â€“10. Retrieved from http://jurnalmahasiswa.unesa.ac.id/index.php/jpak/article/view/9134
Sina, P. G., & Noya, A. (2012). Pengaruh kecerdasan spiritual terhadap pengelolaan keuangan pribadi. Jurnal Manajemen Maranatha, 11(2), 171â€“187. https://doi.org/10.28932/jmm.v11i2.183
Sjam, A. A. (2014). Personal financial planning education for community college students: Impact evaluation. Jurnal Manajemen, 13(2), 151â€“162. Retrieved from http://majour.maranatha.edu/index.php/jurnal-manajemen/article/view/1232
Tang, N., Baker, A., & Peter, P. C. (2015). Investigating the disconnect between financial knowledge and behavior: The role of parental influence and psychological characteristics in responsible financial behaviors among young adults. Journal of Consumer Affairs, 49(2), 376â€“406. https://doi.org/10.1111/joca.12069
Terrell, C., & Hindle, D. (1999). Debt management and financial planning support for primary care students and residents at Boston University School of Medicine. Academic Medicine, 74(1). Retrieved from http://journals.lww.com/academicmedicine/Fulltext/1999/01000/Debt_management_and_financial_planning_support_for.45.aspx
Theodora, B. D., & Martiâ€™ah, S. (2016). The effect of family economic education towards lifestyle mediated by financial literacy. Dinamika Pendidikan, 11(1), 18â€“25. https://doi.org/10.15294/dp.v11i1.8697
Van Campenhout, G. (2015). Revaluing the role of parents as financial socialization agents in youth financial literacy programs. Journal of Consumer Affairs, 49(1), 186â€“222. https://doi.org/10.1111/joca.12064
Widyawati, I. (2012). Faktor-faktor yang mempengaruhi literasi finansial mahasiswa Fakultas Ekonomi dan Bisnis Universitas Brawijaya. ASSET: Jurnal Akuntansi Dan Pendidikan, 1(1), 89â€“99. Retrieved from http://e-journal.unipma.ac.id/index.php/assets/article/view/527
Wijayanti, Agustin, G., & Rahmawati, F. (2016). Pengaruh jenis kelamin, IPK, dan semester terhadap literasi keuangan mahasiswa Prodi S1 Ekonomi Pembangunan Universitas Negeri Malang. Jurnal Pendidikan Ekonomi, 9(1), 102â€“115. Retrieved from http://journal2.um.ac.id/index.php/jpe/article/view/1625

References

Angulo-Ruiz, F., & Pergelova, A. (2015). An empowerment model of youth financial behavior. Journal of Consumer Affairs, 49(3), 550â€“575. https://doi.org/10.1111/joca.12086

Astuti, R. N., & Hartoyo. (2013). Pengaruh nilai, tingkat pengetahuan, dan sikap terhadap perencanaan keuangan hari tua. Jurnal Ilmu Keluarga Dan Konsumen, 6(2), 109â€“118. https://doi.org/10.24156/jikk.2013.6.2.109

Dewi, M. K., Khotimah, S., & Puspitasari, N. (2014). Telah financial literasi mahasiswa FEB Universitas Jenderal Soedirman: Suatu implikasi pembelajaran di perguruan tinggi. In Proceeding Seminar Nasional & Call For Papers (SCA-4) (pp. 819â€“832). Purwokerto, Indonesia: FEB Universitas Jenderal Soedirman. Retrieved from http://jp.feb.unsoed.ac.id/index.php/sca-1/article/view/720

Gerrans, P., & Heaney, R. (2016). The impact of undergraduate personal finance education on individual financial literacy, attitudes and intentions. Accounting & Finance. https://doi.org/10.1111/acfi.12247

Ghozie, P. H. (2014). Make it happen: Buku pintar rencana keuangan untuk mewujudkan mimpi. Jakarta, Indonesia: Gramedia Pustaka Utama.

Herawati, N. T. (2015). Kontribusi pembelajaran di perguruan tinggi dan literasi keuangan terhadap perilaku keuangan mahasiswa. Jurnal Pendidikan Dan Pengajaran, 48(1â€“3), 60â€“70. https://doi.org/10.23887/jppundiksha.v48i1-3.6919

Iqbal, M. (2008). Dinar solution. Jakarta, Indonesia: Gema Insani Press.

KBBI Daring. (2016). tahu. Retrieved from https://kbbi.kemdikbud.go.id/entri/pengetahuan

Kusumaningrum, D. F. (2013). Penerapan hasil belajar manajemen sumber daya keluarga pada pengelolaan keuangan mahasiswa pendidikan tata boga. Universitas Pendidikan Indonesia [Undergraduate Thesis]. Retrieved from http://repository.upi.edu/9546/

Laily, N. (2013). Pengaruh literasi keuangan terhadap perilaku mahasiswa dalam mengelola keuangan. Jurnal Pendidikan Akuntansi (JPA), 1(4). Retrieved from http://journal.um.ac.id/index.php/jpa/article/view/3956

Lestari, S. (2015). Literasi keuangan serta penggunaan produk dan jasa lembaga keuangan. Fokus Bisnis, 14(2), 14â€“24. Retrieved from http://journal.stieputrabangsa.ac.id/index.php/fokbis/article/view/45

Lukmanto, R. (2014). Studi deskriptif persepsi mahasiswa tentang perencanaan keuangan mahasiswa di Surabaya. CALYPTRA: Jurnal Ilmiah Mahasiswa Universitas Surabaya, 3(1). Retrieved from http://journal.ubaya.ac.id/index.php/jimus/article/view/624

Margaretha, F., & Pambudhi, R. A. (2015). Tingkat literasi keuangan pada mahasiswa S-1 Fakultas Ekonomi. Jurnal Manajemen Dan Kewirausahaan, 17(1), 76â€“85. https://doi.org/10.9744/jmk.17.1.76-85

Megaputra, G., & Indrawati, N. K. (2014). Strategy to achieve financial goals (Descriptive study on University of Brawijaya student). Jurnal Ilmiah Mahasiswa FEB, 2(2). Retrieved from http://jimfeb.ub.ac.id/index.php/jimfeb/article/view/1354

Mendari, A. S., & Kewal, S. S. (2013). Tingkat literasi keuangan di kalangan mahasiswa STIE Musi. Jurnal Economia, 9(2), 130â€“140. https://doi.org/10.21831/economia.v9i2.1804

Mukhlisin, M. (2013). Sakinah finance: Solusi mudah mengatur keuangan keluarga Islami. Surakarta, Indonesia: Tinta Medina.

Murphy, D. S., & Yetmar, S. (2010). Personal financial planning attitudes: a preliminary study of graduate students. Management Research Review, 33(8), 811â€“817. https://doi.org/10.1108/01409171011065617

Nicolini, G., Cude, B. J., & Chatterjee, S. (2013). Financial literacy: A comparative study across four countries. International Journal of Consumer Studies, 37(6), 689â€“705. https://doi.org/10.1111/ijcs.12050

Potrich, A. C. G., Vieira, K. M., Coronel, D. A., & Bender Filho, R. (2015). Financial literacy in Southern Brazil: Modeling and invariance between genders. Journal of Behavioral and Experimental Finance, 6, 1â€“12. https://doi.org/10.1016/j.jbef.2015.03.002

Power, M., & Hobbs, J. M. (2015). A comparative analysis of financial professionalsâ€™ perception of the level of graduating business student retirement planning familiarity, motivation, and preparedness. Risk Management and Insurance Review, 18(2), 273â€“295. https://doi.org/10.1111/rmir.12044

Power, M. L., Hobbs, J. M., & Ober, A. (2011). An empirical analysis of the effect of financial education on graduating business studentsâ€™ perceptions of their retirement planning familiarity, motivation, and preparedness. Risk Management and Insurance Review, 14(1), 89â€“105. https://doi.org/10.1111/j.1540-6296.2011.01194.x

Pratiwi, N. A., & Hartoyo. (2014). Analisis niat beli asuransi jiwa pada mahasiswa: Aplikasi theory of planned behavior. Jurnal Ilmu Keluarga & Konsumen, 7(1), 58â€“66. https://doi.org/10.24156/jikk.2014.7.1.58

Priya, A. R. S., Krishnaraj, R., & Chitra, M. (2015). A study on awareness of personal financial planning among pharma students in Chennai City. International Journal of Pharmaceutical Sciences Review and Research, 33(2), 25â€“29. Retrieved from http://globalresearchonline.net/journalcontents/v33-2/06.pdf

Rahman, A. (1995). Doktrin ekonomi Islam (Jilid 2). Yogyakarta, Indonesia.

Rasyid, R. (2012). Analisis tingkat literasi keuangan mahasiswa Program Studi Manajemen Fakultas Ekonomi Universitas Negeri Padang. Jurnal Kajian Manajemen Bisnis, 1(2), 91â€“108. Retrieved from http://ejournal.unp.ac.id/index.php/jkmb/article/view/4778

Rita, M. R., & Pesudo, B. C. A. (2014). Apakah mahasiswa sudah melek keuangan? Dinamika Akuntansi Keuangan Dan Perbankan, 3(1), 58â€“65. Retrieved from http://www.unisbank.ac.id/ojs/index.php/fe9/article/view/2878

Roszkowski, M. J., Glatzer, M., & Lombardo, R. (2015). An analysis of the nature of the relationship between SAT scores and financial literacy. Journal of Business & Finance Librarianship, 20(1â€“2), 66â€“94. https://doi.org/10.1080/08963568.2015.978715

Salleh, A. M. H. A. P. M. (2015). A comparison on financial literacy between welfare recipients and non-welfare recipients in Brunei. International Journal of Social Economics, 42(7), 598â€“613. https://doi.org/10.1108/IJSE-09-2013-0210

Saunders, M., Lewis, P., & Thornhill, A. (2012). Research methods for business students (6th ed.). Essex, UK: Pearson Education Limited.

Saunders, M. N. K. (2012). Choosing research participants. In G. Symons & C. Cassell (Eds.), The Practice of Qualitative Organizational Research: Core Methods and Current Challenges (pp. 37â€“55). London, UK: Sage Publications, Ltd.

Septiani, N., & Rita, M. R. (2013). Melek finansial dan spending habits berdasarkan jenis kelamin (Studi empiris pada mahasiswa/i di FEB UKSW). In Proceeding Seminar Nasional & Call For Papers (SCA-3). Retrieved from http://www.jp.feb.unsoed.ac.id/index.php/sca-1/article/view/282

Shalahuddinta, A., & Susanti. (2014). Pengaruh pendidikan keuangan di keluarga, pengalaman bekerja dan pembelajaran di perguruan tinggi terhadap literasi keuangan. Jurnal Pendidikan Akuntansi (JPAK), 2(2), 1â€“10. Retrieved from http://jurnalmahasiswa.unesa.ac.id/index.php/jpak/article/view/9134

Sina, P. G., & Noya, A. (2012). Pengaruh kecerdasan spiritual terhadap pengelolaan keuangan pribadi. Jurnal Manajemen Maranatha, 11(2), 171â€“187. https://doi.org/10.28932/jmm.v11i2.183

Sjam, A. A. (2014). Personal financial planning education for community college students: Impact evaluation. Jurnal Manajemen, 13(2), 151â€“162. Retrieved from http://majour.maranatha.edu/index.php/jurnal-manajemen/article/view/1232

Tang, N., Baker, A., & Peter, P. C. (2015). Investigating the disconnect between financial knowledge and behavior: The role of parental influence and psychological characteristics in responsible financial behaviors among young adults. Journal of Consumer Affairs, 49(2), 376â€“406. https://doi.org/10.1111/joca.12069

Terrell, C., & Hindle, D. (1999). Debt management and financial planning support for primary care students and residents at Boston University School of Medicine. Academic Medicine, 74(1). Retrieved from http://journals.lww.com/academicmedicine/Fulltext/1999/01000/Debt_management_and_financial_planning_support_for.45.aspx

Theodora, B. D., & Martiâ€™ah, S. (2016). The effect of family economic education towards lifestyle mediated by financial literacy. Dinamika Pendidikan, 11(1), 18â€“25. https://doi.org/10.15294/dp.v11i1.8697

Van Campenhout, G. (2015). Revaluing the role of parents as financial socialization agents in youth financial literacy programs. Journal of Consumer Affairs, 49(1), 186â€“222. https://doi.org/10.1111/joca.12064

Widyawati, I. (2012). Faktor-faktor yang mempengaruhi literasi finansial mahasiswa Fakultas Ekonomi dan Bisnis Universitas Brawijaya. ASSET: Jurnal Akuntansi Dan Pendidikan, 1(1), 89â€“99. Retrieved from http://e-journal.unipma.ac.id/index.php/assets/article/view/527

Wijayanti, Agustin, G., & Rahmawati, F. (2016). Pengaruh jenis kelamin, IPK, dan semester terhadap literasi keuangan mahasiswa Prodi S1 Ekonomi Pembangunan Universitas Negeri Malang. Jurnal Pendidikan Ekonomi, 9(1), 102â€“115. Retrieved from http://journal2.um.ac.id/index.php/jpe/article/view/1625

Financial planning among Islamic economics students in Yogyakarta

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