A Child Education Investment in Financial Planning of a Family

DOI

10.2991/aebmr.k.210305.019How to use a DOI?

Keywords

Influence, Family Financial Planning, Child Education Investment

Abstract

Financial planning is one of fundamental pillars in economic development of a family. Level of urgency will rise higher along with the more of family members within and the more diverse and complex of the needs. This research aimed to investigate the knowledge and interest of Bukit Village in Pelawan Subdistrict people in family financial planning and investment for a child future education. The result of this research concluded that Bukit Village in Pelawan Subdistrict people had enough awareness of family financial planning for a child future education investment. The awareness of how important a child education was relatively high so that people strived for maximizes the fund from the income for a child future education. Based on the result of simple linier regression analysis showed that the effect of family financial planning on the investment for a child future education in Bukit Village in Pelawan Subdistrict was R=0,756 which meant the correlation between the variable of family financial planning with a child education in Bukit Village in Pelawan Subdistrict was categorized as great relation, and coefficient determinant value (R square) was 0,605 meaning that family financial planning affected positively toward the investment of a child education as many as 60,5% while the rest 39,5% was influenced by other variable. The result of the regression equation was Y = 30.214 + 0.981 X, meaning that if the family financial planning variable of 1 unit had increased, the child education investment would have increased by 0,981. This meant that family financial planning variables could positively affect a child education investment.

Copyright

© 2021, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Refky Fielnanda
PY  - 2021
DA  - 2021/03/08
TI  - A Child Education Investment in Financial Planning of a Family
BT  - Proceedings of the 2nd Southeast Asian Academic Forum on Sustainable Development (SEA-AFSID 2018)
PB  - Atlantis Press
SP  - 107
EP  - 110
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210305.019
DO  - 10.2991/aebmr.k.210305.019
ID  - Fielnanda2021
ER  -