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Financial Literacy Education Models for 7-12 Years Old Based on the Local Wisdom of Sasak Tribe Lombok Indonesia

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Title: Financial Literacy Education Models for 7-12 Years Old Based on the Local Wisdom of Sasak Tribe Lombok Indonesia
Language: English
Authors: Rizkiwati, Baiq Y. (ORCID 0000-0002-5807-063X), Widjaja, Sri Umi M., Haryono, Agung, Wahyono, Hari, Majdi, Muhammad Z.
Source: Pegem Journal of Education and Instruction. 2022 12(2):58-70.
Availability: Pegem Academy Publishing and Educational Guidance Services TLC. Mesrutiyet Caddesi, No: 45, Ankara, Kizilay 06420, Turkey. e-mail: editor@pegegog.net; Web site: http://www.pegegog.net/
Peer Reviewed: Y
Page Count: 13
Publication Date: 2022
Document Type: Journal Articles
Reports - Research
Descriptors: Indigenous Knowledge, Foreign Countries, Children, Money Management, Knowledge Level, Consumer Education, Heads of Households, Multiple Literacies, Teaching Models
Geographic Terms: Indonesia
ISSN: 2146-0655
Abstract: Local wisdom contained in the Sasak community needs to be continuously preserved and become a local value or tradition that is believed to be true until now. The development of forms of local Sasak wisdom in this study is integrated into the concept of family economic education, especially in educating children from elementary school age. This study aims to describe and formulate the financial literacy education models based on local wisdom for 7-12 years old in Sasak tribe. This case study applied an exploratory-descriptive qualitative research method. Participants in the study were selected through random sampling and snowball methods, which consisted of 630 families with children aged of 7-12 years old, and 177 children whom fathers and mothers are the Sasak aristocrats' descendants is Suradadi Village of East Lombok West Nusa Tenggara. Data were collected through interview, observation, and documentation techniques and analyzed through content and comparative analyses. Research results indicated five financial literacy education models based on Sasak's local wisdom provided since children are at the age of 7-12 years old. "First," incorporating "Itiq" (spending money wisely) behavior to children, "second," incorporating "Genem" (persevering in financial management and making financial plans), "third," incorporating "Penunah" (appreciating the resources owned) to children, "fourth," incorporating "Semaik-maik" (frugality/not using resources excessively, money in particular) to children, and "fifth," incorporating "Saling peliwat" (mutual assistance) to children. Various financial literacy education models are implemented by parents of the Sasak tribe with not only one strategy but mixed, such as role modeling, habituation, having dinner together, discussions, direct and indirect advice through Sasak's proverbs.
Abstractor: As Provided
Entry Date: 2022
Accession Number: EJ1343331
Database: ERIC
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  Availability: 0
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  Data: Financial Literacy Education Models for 7-12 Years Old Based on the Local Wisdom of Sasak Tribe Lombok Indonesia
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  Data: <searchLink fieldCode="AR" term="%22Rizkiwati%2C+Baiq+Y%2E%22">Rizkiwati, Baiq Y.</searchLink> (ORCID <externalLink term="https://orcid.org/0000-0002-5807-063X">0000-0002-5807-063X</externalLink>)<br /><searchLink fieldCode="AR" term="%22Widjaja%2C+Sri+Umi+M%2E%22">Widjaja, Sri Umi M.</searchLink><br /><searchLink fieldCode="AR" term="%22Haryono%2C+Agung%22">Haryono, Agung</searchLink><br /><searchLink fieldCode="AR" term="%22Wahyono%2C+Hari%22">Wahyono, Hari</searchLink><br /><searchLink fieldCode="AR" term="%22Majdi%2C+Muhammad+Z%2E%22">Majdi, Muhammad Z.</searchLink>
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  Data: <searchLink fieldCode="SO" term="%22Pegem+Journal+of+Education+and+Instruction%22"><i>Pegem Journal of Education and Instruction</i></searchLink>. 2022 12(2):58-70.
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  Data: Pegem Academy Publishing and Educational Guidance Services TLC. Mesrutiyet Caddesi, No: 45, Ankara, Kizilay 06420, Turkey. e-mail: editor@pegegog.net; Web site: http://www.pegegog.net/
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  Data: 13
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  Data: Local wisdom contained in the Sasak community needs to be continuously preserved and become a local value or tradition that is believed to be true until now. The development of forms of local Sasak wisdom in this study is integrated into the concept of family economic education, especially in educating children from elementary school age. This study aims to describe and formulate the financial literacy education models based on local wisdom for 7-12 years old in Sasak tribe. This case study applied an exploratory-descriptive qualitative research method. Participants in the study were selected through random sampling and snowball methods, which consisted of 630 families with children aged of 7-12 years old, and 177 children whom fathers and mothers are the Sasak aristocrats' descendants is Suradadi Village of East Lombok West Nusa Tenggara. Data were collected through interview, observation, and documentation techniques and analyzed through content and comparative analyses. Research results indicated five financial literacy education models based on Sasak's local wisdom provided since children are at the age of 7-12 years old. "First," incorporating "Itiq" (spending money wisely) behavior to children, "second," incorporating "Genem" (persevering in financial management and making financial plans), "third," incorporating "Penunah" (appreciating the resources owned) to children, "fourth," incorporating "Semaik-maik" (frugality/not using resources excessively, money in particular) to children, and "fifth," incorporating "Saling peliwat" (mutual assistance) to children. Various financial literacy education models are implemented by parents of the Sasak tribe with not only one strategy but mixed, such as role modeling, habituation, having dinner together, discussions, direct and indirect advice through Sasak's proverbs.
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      – Text: English
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        Type: general
      – SubjectFull: Foreign Countries
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      – SubjectFull: Children
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      – SubjectFull: Indonesia
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