Household Financial Management in Phenomenology Perspective: A Case Study on a Fisherman Family in Kupang City

Abstract

The fishing community is a community whose livelihood is catching fish. This activity is carried out actively if in the summer when the weather or climate is also supportive. On average, these small fishermen are more focused on meeting the needs of daily life and there is no priority scale for future needs due to a lack of understanding about managing finances so that most of the money is used for living necessities. The problems that are often faced by fishermen's families in relation to financial management consist of general problems and specific problems. Of the 30 respondents, those who have done family financial management only ranged from 10% to 26.67%. The impact of poor financial management of fishermen's families is the mindset of fishermen's children who do not develop and old age problems are not guaranteed by pensions, so it is important to improve family financial management which includes financial planning, distinguishing wants and needs, saving and investing.