EFFECT OF PARENTAL FINANCIAL MANAGEMENT

LEARNING AND FINANCIAL EDUCATION ON

STUDENT LEARNING OUTCOMES

DELYANA RAHMAWANY PULUNGAN, ADE GUNAWAN, M. IRFAN NASUTION

FACULTY OF ECONOMIC AND BUSINESS
UNIVERSITY OF MUHAMMADIYAH SUMATERA UTARA
 1.
BACKGROUND OF
PROBLEMS
◍ Globalizationbrings the development of
information and technology affect financial
behaviour
“ ◍ Students are the group that most fail in
managing finances. They use money because
influenced by advertisements or others so they
◍ Primitive and simple financial behavior 
are not rational in using the money.(Megasari,
2014)
wasteful, consumerist and instant
◍ Indonesia as the country ranks second after◍ Students more often bear the financial risk in
the future than adults (Lusardi, 2010)
Singapore as a consumptive state, as seen
from the data that credit card transactions◍ Students should have a financial intelligence in
reached 250 trillion people do in a managing finance for a secure future.
year(Megasari, 2014) Financial intelligence is one of the financial
◍ Many people used money irrationally, buy
learning results obtained by students through
education, both formal and non-formal
goods or services without using the basic
principles based on need not because of desire.
◍

◍
Financial education reflected the
level of financial
(knowledge and skill in managing
personal finance
The knowledge and skills acquired
either from the family or from
“
literacy
◍

university.
◍ Attitudes, knowledge and skills of a
person will change after going
through a learning process. Student
results are visible from the
behaviour of financial management
is strongly influenced by the role of
parents in teaching how to manage
their finances properly.
◍
Financial education of parents are
not fully able to increase the
knowledge and skills appropriate
for students to manage their
personal finances
not all parents are able to teach and
discuss with their children about
how to manage money well as the
capital to get a secure future and a
prosperous (Sina, 2014). We need
the support of other financial
education in order to obtain
maximum learning results.
◍ Students get financial education
from university.
◍ Therefore, students have to receive
financial education from parents
and colleges. It will impact their
learning outcomes
 HYPOTHESIS

◍ H1: Parental financial managementlearning

significant positive effect on student learning
outcomes

◍ H2 : Financial education gained at the university

significant positive effect on student
learning outcomes .
RESEARCH METHOD
 RESULTS AND DISCUSSION

• 65% students do • 45% students

• female students not save 35 % understand
(70%), male financial
students (30%)
has a saving
management as
• 40% students • 70% students a theory and
received lessons said that apply, 35% only
on how to manage
finances from saving is not know the
theory, 20%
parents. 60% do important but have no theory
not get parents
guide in
30% it was and no skill
managing finance important
properly
SEM ANALYSIS
 DISCUSSIONS

Tabel 1. Indeks Pengujian Kelayakan Structural Equation Model Tabel 2. Regression Weight
(SEM)
Relationship between Variables Estimate P Results
Evaluasi
Goodness of Fit Index Cut-off Value Hasil Analisis Model Parental
financial Financial
χ2 - Chi-square Diharapkan kecil (df=124) 159,899 Baik  0,410 0,000 Significant
management education
Probability ≥ 0,05 0,017 Marginal Fit learning
RMSEA ≤ 0,08 0,027 Good fit Financial

Learning
0,292 0,056 Not significant
education outcomes
GFI ≥ 0,90 0,959 Good fit
Parental
AGFI ≥ 0,90 0,938 Good fit
financial Learning
 0,666 0,000 Significant
TLI ≥ 0,90 0,975 Good fit management outcomes
learning
CFI ≥ 0,90 0,982 Good fit
Source: Data Processing (2018)
Source: Data Processing (2018)
1. Parents have a role and more powerful
influence on student learning outcomes
on financial management.
2. Financial education at the university did
not have a strong influence to change
financial behavior and impacts on
student learning results are not too good
3. Parents are an important source of CONCLUSION
information and the best example to
change financial behavior of students
4. Socioeconomic status of parents based on
level of income is a challenge for the role
of parents to provide appropriate
examples and information to influence
their children's behavior when managing
personal finances properly.
 👍
- Thank You -