Citation:

Ferrina Ermalina Rumbik, Ibnu Aswat. "Phenomenological Study: Application of Personal Accounting in Improving the Efficiency of Financial Management of Overseas Students" International Research Journal of Economics and Management Studies, Vol. 2, No. 3, pp. 324-329, 2023.

Abstract:

This phenomenological study aims to analyze the application of personal accounting in improving the efficiency of financial management of overseas students. This study focuses on using personal accounting,which is a personal financial recording system application, to assist overseas students in organizing and managing their finances. The research method used in this study is a qualitative approach by applying in-depth interviews with many overseas students who are studying at a university. The collected data were analyzed using thematic analysis to identify the main themes that emerged related to the application of personal accounting in the financial management of overseas students. The results showed that the application of personal accounting provides significant benefits in improving the efficiency of financial management of overseas students. Using personal accounting, overseas students can better track and control their expenses, create a more realistic budget, and monitor their financial development over time. In addition, personal accounting also helps reducefinancial-related stress and provides a sense of security and a better understanding of the financial situation.

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Keywords:

Financial Management Efficiency, Personal Accounting.