Literasi Keuangan dan Tingkat Pendidikan Terhadap Perencanaan Keuangan UMKM Pangan Jalan Payakumbuh  Jakarta Selatan

Haspul Naser; Nurwulan Kusuma Devi; Suci Herviana Rahmayati

doi:10.37817/ikraith-humaniora.v9i2.4340

Haspul Naser Manajemen dan Bisnis, Universitas Mitra Bangsa, Jakarta
Nurwulan Kusuma Devi Manajemen dan Bisnis, Universitas Mitra Bangsa, Jakarta
Suci Herviana Rahmayati Manajemen dan Bisnis, Universitas Mitra Bangsa, Jakarta

DOI: https://doi.org/10.37817/ikraith-humaniora.v9i2.4340

Keywords: Keyword : Financial education programme 1 ; MSME Development 2 ;Ffinancial Planning ; Formal Education 4 ; Financial Management 5 ; MSME Performance 6 ; 3

Abstract

Background: MSMEs in the food sector show an important role in backup the
Indonesian economy. However, financial planning challenges are often an obstacle
to the sustainability of MSME businesses. Low financial literacy and formal
education can hinder financial planning, resulting in suboptimal management and
potentially threatening business continuity. Research objectives: The present
research examines the impact of financial literacy and education level on the
financial planning of MSMEs in the food sector in South Jakarta. Novelty: This
study provides novelty by focusing on the combination of these two variables in the
specific context of food sector MSMEs, which has rarely been explored in previous
research. Research methodology: Quantitative approach with survey technique.
The questionnaires distribute to 100 MSMEs in South Jakarta. Findings: The study
reveals that financial literacy positively impacts MSMEs' financial planning
practices, while education level also has a positive but not significant impact.
Conclusion: Financial literacy positively impacts MSMEs' financial planning, with
improved education and financial literacy contributing to better cash management
and investment planning, highlighting the importance of financial literacy
programs.