Building Financially Resilient Families: Evidence from Financial Literacy Education among PKK Members in Pesanggrahan Jakarta

Abstract

Realizing financially resilient families is a strategic step in improving people's welfare amid economic dynamics and the rampant practice of illegal online lending. Low financial literacy, especially for housewives, including PKK members, has an impact on weak saving habits, lack of investment understanding, and high risk of being entangled in illegal loans. Saving is the main foundation in maintaining family financial stability because it functions as an emergency fund and consumption control. Meanwhile, investment plays a role in increasing asset value and protecting purchasing power from inflation. The main problems include the inability to distinguish between needs and wants, the absence of family financial planning, and low knowledge about the characteristics and risks of illegal loans. This service activity is carried out through counseling methods, interactive discussions, case studies, and evaluation using pre-tests and post-tests. The results showed a significant increase in the understanding of PKK RW 06 Pesanggrahan participants, South Jakarta regarding the importance of saving regularly, the use of simple investment instruments, and the ability to recognize and avoid illegal loans. A participatory approach by educating has proven to be effective in encouraging changes in family financial mindset and behavior. Thus, this program contributes to forming a more resilient, independent, planned, and sustainable financial resilience family.