Low-Socioeconomic Family Financial Management (Perspective Of Street Children Mothers)

Abstract

Financial management is very important in a family to avoid financial problems of the family itself. However, the capacity of low socioeconomic family understanding in managing family finances is certainly not the same as an able family or a family with income above average exposure. This study aims to explain thoroughly the model of low socioeconomic family financial management through the perspective of street children mothers from Muntigunung, Tianyar Barat, Karangasem (informants), relating to how to recognize and manage family finances, prioritizing home needs stairs, and income allocation for savings.

This type of research is qualitative descriptive research with the process of collecting data through participant observation, unstructured interviews, and documentation. Data analysis using interactive model data analysis with three flow analysis, namely data condensation, data presentation (data display), and conclusions or verification.

The result in general, informants do not understand how to properly manage finances. Their educational and environmental limitations are classified as poor, encouraging them to prefer to borrow if they have financial problems. If they get a salary, the meal will be used to pay the debt. But this debt process continues every month and causes no desire to save (set aside income). Then, income is something that is used to meet religious needs and family needs, debt is another way to meet needs (if income has run out), while saving is not a solution to fulfill their needs.