Analysis of the Effect of Frugal Living on Employee Financial Management in Achieving Financial Freedom
DOI:
https://doi.org/10.47747/ijfr.v5i1.1700Keywords:
Frugal Living, Financial Management, Financial FreedomAbstract
Employees are advised to apply the concept of frugal living or save at all costs to break the chain of debt that could endanger their financial condition. Employees may achieve financial freedom more quickly by practicing frugal living from an early age and managing finances well. Planning for financial freedom is essential because one day, people will lose their ability to work. This research collected data from 150 employee respondents who worked in private or civil agencies. The uniqueness of this research lies in the data processing method; it is known that the t-test value for the frugal living variable has a value of 56,85, which is greater than the t-table of 1.66. This means that the research results show that the Frugal Living lifestyle significantly affects employee financial management. In contrast, the relationship between financial management and financial freedom has no significant effect. Apart from that, the relationship between Frugal Living and financial freedom also does not have a significant effect. This research contributes to increasing insight for employees to implement the Frugal Living lifestyle in achieving financial freedom at an early age
References
Afandy, C. dan Febrianty. (2020). ”Literasi Keuangan dan Manajemen Keuangan Pribadi Mahasiswa Di Provinsi Bengkulu. Jurnal Ekonomi Dan Bisnis, 2, 68–69.
Anggraini, R. T., & Fauzan Heru Santoso. (2017). Hubungan antara Gaya Hidup Hedonis dengan Perilaku Konsumtif pada Remaja. Jurnal Gadjah Mada Journal Of Psychology, 3(3), 131.
Dwi, A. (2023). Pengertian Frugal Living dan Cara Penerapannya. Artikel Fakultas Ekonomi Dan Bisnis.
Lestari, D. (2020). Manajemen Keuangan Pribadi Cerdas Mengelola Keuangan. Deepublish.
Franita, R. (2023). ISCIS2023: INTERNATIONAL SEMINAR AND CONFERENCE ON ISLAMIC STUDIES Strategies Frugal living to Support Individual Financial Planning ARTICLE INFO ABSTRACT (Vol. 2). http://jurnal.uinsu.ac.id/index.php/ISCIS/index
Illahi, D. N. R. P. (2021). FINANSIAL FREEDOM FOR MILLENIALS WITH INVESTMENT. Dedikasi, 1(2), 5–8.
Kholilah, N. Al, & Iramani, Rr. (2013). STUDI FINANCIAL MANAGEMENT BEHAVIOR PADA MASYARAKAT SURABAYA. Journal of Business and Banking, 3(1), 69. https://doi.org/10.14414/jbb.v3i1.255
Kotler, P., & Keller, L. K. (2008). Manajemen Pemasaran: Vol. Jilid 1, edisi 12. PT. Indeks.
Melania, Ratnawati, T., & Karsudjono, A. J. (2020). FINANCIAL BEHAVIOR DOSEN WANITA DI STIE PANCASETIA BANJARMASIN Melania 1). Jurnal Komunikasi Bisnis Dan Manajemen, 7(2).
Muhammad, R. S. (2022). Penerapan Fire movement & Frugal living Terhadap Keinginan Pensiun Dini Pada Karyawan Di DKI Jakarta [S-1 Ekonomi Pembangunan]. Universitas Sebelas Maret.
Silaya, M. A. (2020). FINANCIAL HEALTH : SUATU KAJIAN PUSTAKA. Jurnal Ekonomi Peluang, 14.
Sibuea, P. (2022). https://www.djkn.kemenkeu.go.id/artikel/baca/15091/Frugal-Living-Gaya-Hidup-yang-Patut-Ditiru-Oleh-ASN.html. Artikel DJKN.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2024 Rizki Hartantri, Bakti Setyadi, Muji Gunarto
This work is licensed under a Creative Commons Attribution 4.0 International License.
Copyright for this article is retained by the author(s), with first publication rights granted to the journal.
It is an open-access article distributed under the terms and conditions of the Creative Commons Attribution license (http://creativecommons.org/licenses/by/4.0/)
