Education on Personal Financial Management for Overseas Students at Yogyakarta State University as an Effort to Prevent Consumptive Behavior

Abstract

Overseas students are one of the components of society whose number is quite large and will significantly influence the economy because, in the future, students will enter the world of work and begin to be independent, including managing their finances. Therefore, having knowledge and skills in financial management encourages students to understand the importance of the financial system in the lives of students exposed to rapid technological advances. This study aims to determine: 1) the competence of overseas students at Yogyakarta State University before the personal financial management education; 2) the competence of overseas students at Yogyakarta State University after the implementation of educational activities on personal financial management; 3) the effect of education on personal financial management on the competence achievement of overseas students in managing personal finances. This research is Quasi-experimental research with a quantitative approach. The subjects of this research were 25 overseas students at Yogyakarta State University. The instruments used were tests (pre-test and post-test) and questionnaires. The data analysis technique used in this research is a descriptive statistical test and inferential statistics through the T-Test. The results showed that: 1) the competence of overseas students at Yogyakarta State University before the implementation of educational activities showed that 0 participants (0%) fulfilled the KKM; 2) The competency of overseas students at Yogyakarta State University after the implementation of educational activities showed that 23 participants (92%) fulfilled the KKM; 3) There is an influence of education on personal financial management on the competence achievement of overseas students in managing personal finances. Evidenced by the achievement of the competence of educational participants after education is better than before education. It is reinforced by the results of calculations using the T-test obtained P <0.005 (0.000 <0.05).