PkM OF Enhancement Financial Literacy Through Training And Simulation Family Financial Management

Family financial management involves planning, implementation, monitoring, evaluation, and controlling family economic resources to optimally meet needs. Effective management skills are essential, as income levels do not always determine the sufficiency of needs. Families often face uncertain income sources. As the smallest unit supporting national development, the economic strength of families contributes to national growth. Therefore, this service focuses on enhancing family financial management skills through training. The target of this community service program is the residents of Waai Village, Salahutu District, Central Maluku Regency. The issues faced include a lack of knowledge about household economics, absence of financial records, and difficulties in calculating income from various sources. As a result, community members tend to incur debt to meet urgent needs and lack savings, leading to all income being spent on daily necessities. This program aims to provide the residents of Waai Village with knowledge and skills in family financial management to improve their welfare. The training materials include concepts and applications of family financial management.