Analysis of the Application of Accounting Science to Family Life to Avoid Debt and Loans

In household life, it is required to manage household finances carefully, so that finances are controlled and avoid unwanted things such as debt and loans. The purpose of this study is to show how the application and role of accounting in the household consists of four aspects, namely budgeting, planning, recording and decision-making to prevent debt and online loans. The method in this study is descriptive analysis through a phenomenological paradigm. Data collection techniques through observation, interviews and documentation. The informants in this study were 10 housewives with a minimum diploma background in economics. The results of the study show that housewives carry out household financial planning by dividing the current needs that have been planned at the beginning of the month. The media used for financial records is a notebook or journal book that is written simply. Financial decision-making is carried out with the husband. The role of accounting in the household helps informants to plan household finances so that they can control household finances wisely.