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Factors Underlying Family Financial Planning: a Case Study in Surabaya

UNSPECIFIED (2011) Factors Underlying Family Financial Planning: a Case Study in Surabaya. In: International Accounting Conference, 24-11-2011 - 25-11-2011, Surabaya - Indonesia.

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    Abstract

    Family financial planning is essential for each family. Financial planning has an important role to help families manage their financial resources and ensure achievement of family financial goals. In practice, many families do not realize the importance of financial planning. The aim of this research is to identify factors that underlie the importance of family financial planning. Respondent of total 270 married men living in Surabaya participates in this research. Factor analysis reveals that there are seven factors underlie the importance of family financial planning. These factors are safety factor, lifestyle factors, reference group factors, cultural factors, life cycle factors, social class factors and economic condition factor. Factor analysis also reveals that in Surabaya the most important factors underlie the importance of family financial planning is safety factor.

    Item Type: Conference or Workshop Item (Paper)
    Uncontrolled Keywords: financial planning, lifestyle, reference groups, cultural, life cycle, economic
    Subjects: H Social Sciences > HJ Public Finance
    Divisions: UNSPECIFIED
    Depositing User: Admin
    Date Deposited: 06 Sep 2012 15:25
    Last Modified: 06 Sep 2012 15:25
    URI: http://repository.petra.ac.id/id/eprint/18110

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