| Issue |
E3S Web Conf.
Volume 570, 2024
International Conference of Technology on Community and Environmental Development (ICTCED 2024)
|
|
|---|---|---|
| Article Number | 04002 | |
| Number of page(s) | 10 | |
| Section | Green and Blue Economy | |
| DOI | https://doi.org/10.1051/e3sconf/202457004002 | |
| Published online | 18 September 2024 | |
Financial Management Behavior Of Indonesian Migrant Workers in Singapore
1 Master Management Department. 55183 Universitas Muhammadiyah Yogyakarta, Indonesia
2 Master Management Department. 55183 Universitas Muhammadiyah Yogyakarta, Indonesia
3 Master Management Department. 55183 Universitas Muhammadiyah Yogyakarta, Indonesia
4 Doctoral Management Department. 55183 Universitas Muhammadiyah Yogyakarta, Indonesia
5 RSIS Nanyang Technological University, Singapore
* Corresponding author: arni_surwanti@umy.ac.id
Indonesian workers better known as migrant workers from Indonesia who work in Singapore need to receive entrepreneurship education to encourage these migrant workers to improve one’s quality of life going forward, especially after returning to their homeland. Entrepreneurship training is a type of education that supports the growth of migrant workers’ entrepreneurial ambitions by offering opportunity to build businesses through opportunities and needs research of the market. This education hopes that migrant workers will earn income after working in Singapore. Apart from that, migrant workers also need to obtain good financial literacy. Financial literacy can support prosperity in the future and help achieve prosperity for the family. In Singapore, migrant workers’ financial management practices are more than adequate. Financial self-efficacy and financial literacy have an impact on migrant workers’ money management practices in Singapore. A hedonistic lifestyle does not show an impact on financial behavior. Therefore, in order to improve migrant workers’ welfare in the long run, the government must increase financial literacy and their capacity to make financial decisions.
© The Authors, published by EDP Sciences, 2024
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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