Enhancing Financial Literacy and Income Strategies Among College Students Through Community Outreach

Adi Anggoro Parulian; Hedie Kristiawan; Audria Ineswari Mulya Marhadi; Dian Putrawangsa; Yovita Mercya; Bhisma Jaya Prasaja

doi:10.35568/abdimas.v8i3.6771

Authors

Adi Anggoro Parulian Digital Business Department, Faculty of Social Sciences and Creative Economy, Saint Borromeus University https://orcid.org/0009-0003-4821-0760
Hedie Kristiawan Digital Business Department, Faculty of Social Sciences and Creative Economy, Saint Borromeus University
Audria Ineswari Mulya Marhadi Digital Business Department, Faculty of Social Sciences and Creative Economy, Saint Borromeus University
Dian Putrawangsa Digital Business Department, Faculty of Social Sciences and Creative Economy, Saint Borromeus University
Yovita Mercya Pharmacy Department, Faculty of Vocational Studies, Saint Borromeus University
Bhisma Jaya Prasaja Medical Record and Health Information Department, Faculty of Vocational Studies, Saint Borromeus University

DOI:

https://doi.org/10.35568/abdimas.v8i3.6771

Keywords:

Financial, Enhancing Financial Literacy, Generation Z

Abstract

The phenomenon of consumptive debt faced by society today, especially among young people, highlights the urgent need to improve financial literacy. The use of credit, installments, or loans without careful planning often results in ongoing financial burdens and negatively affects long-term well-being. Therefore, raising awareness about the risks of consumptive debt is crucial as an early preventive measure. This activity began with an educational session on financial management, focusing on the concept of consumptive debt. The next part involved financial planning education in the digital transaction era. Pre-test and post-test questionnaires were administered to assess students’ understanding. The results of the pre-test and post-test Paired-sample t-test results confirmed a statistically significant knowledge gain from pre- to post-intervention, with university students showing an average increase of 10.491 points (t = -10.002, df = 272, p < .001). This positive shift validates the effectiveness of the structured program, further supported by a strong positive correlation between pre- and post-test scores (r = .558, p < .001), indicating consistent assessment reliability demonstrated a significant improvement in students' understanding of financial management and planning in the digital transaction era, including their ability to identify financial risks. The conclusion of this activity is that education on financial management and planning proved to make a significant difference in enhancing students’ understanding, as well as helping them to realize early on the importance of sound financial management.

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Author Biography

Adi Anggoro Parulian, Digital Business Department, Faculty of Social Sciences and Creative Economy, Saint Borromeus University

Lecturer from Digital Business Department, Faculty of Social Sciences and Creative Economy, Saint Borromeus University

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