P2P Lending, which was supposed to be a benefit when someone needed funds for an urgent need, has now become a scourge and has taken its toll. Loans are felt only for a moment when someone receives money.
But the shadow of terror continues to haunt when the payment is not in line with expectations which makes the borrower feel uncomfortable and constantly receives threats.
In fact, as reported by Zulfadhli (2021), because of being in debt, a woman in Wonogiri with the initials WPS (38) in Selomarto Village, Giriwoyo District, Wonogiri Regency, decided to commit suicide because she was in debt on an online loan.
Baca Juga: Manajemen Keuangan Keluarga Berpenghasilan Tunggal di Masa Pandemi
This woman also has debts to informal Non-Bank Financial Institutions. Based on the confession from her husband, she was frustrated because she was often terrorized by the borrowers. She left a letter before committing suicide.
The contents of the will explained his apologies for being entangled in debt and unable to pay it off. She also detailed the amount owed to 23 lenders totaling tens of millions in the letter. On average she owes from Rp 1.6 million to Rp 3 million each.
This has even caught the attention of the government which is starting to take a stand. Coordinating Minister for Political, Legal and Security Affairs (Menko Polhukam) Mahfud MD appealed to illegal online loan providers (pinjol) to stop operating now or face the law.
Mahfud MD revealed that according to civil law, illegal borrowing is invalid because it does not meet the objective and subjective requirements as regulated in civil law. Mahfud MD emphasized that the government and law enforcement will take firm action on illegal loans (Franedya, 2021).
This has even caught the attention of the government which is starting to take a stand. Coordinating Minister for Political, Legal and Security Affairs (Menko Polhukam) Mahfud MD appealed to illegal online loan providers (pinjol) to stop operating now or face the law.
Mahfud MD revealed that according to civil law, illegal borrowing is invalid because it does not meet the objective and subjective requirements as regulated in civil law. Mahfud MD emphasized that the government and law enforcement will take firm action on illegal loans.
Illegal lending is prohibited because registration is so easy that even someone with no income can borrow funds. The case that shocked the virtual world where an orphaned student was found dead by suicide due to a loan he could not pay off occurred in Yogyakarta.
He left a digital letter explaining the chronology of the incident which later went viral. He explained that he chose to end his own life because of being rejected by the community, problems with love, finances, work, online loans and experiencing mental problems (Kartikasari & Irawan, 2022).
The red line is how he can borrow money from one of the service providers even though he has no income. Apart from the government side, educational actions also need to be carried out for students so that they are not entangled in similar cases.
Because the knowledge to manage financial balance is not obtained in school. People think that students don’t need to be educated because they haven’t thought about how to make money.
However, because they are considered trivial, these students are easily tempted by the convenience of getting money instantly from borrowing which leads to unexpected things.
Students need to learn to manage money so that they will become accustomed to saving, be good at managing finances when they are married, have better future planning, protect themselves from emergency/ unexpected events, become independent individuals, and so on.
Baca Juga: Pentingnya Manajemen Keuangan bagi Mahasiswa
Talking about managing finances is not easy, especially for teenagers. The reason is at this stage, there are still many teenagers who still do not understand the importance of managing finances, the lack of understanding of parents about the importance of teaching finance to children, and the low role of schools in helping teenagers understand how to manage finances.
Financial management is a lifelong concern and an indispensable skill for the development of modern life. Therefore, the importance of financial thinking should not be lower than that of career, because for work.
There will eventually be a time to retire, but financial management will continue to affect people’s lives. Money management is a habit that can be cultivated from an early age.
Once the values ​​of integrity and financial thinking are cultivated, individuals can benefit greatly. Financial management becomes more and more important over time. Therefore, children should be involved in financial activities during college to implement financial education.
Individuals often face a range of learning disabilities, including those related to life problems, learning problems, problem solving, and creativity. Addressing this dilemma will enhance student learning and creative output that can be applied to all aspects of learning. Life and work performance.
Researchers adopted research conducted by Weng (2018) on how to become a keen do-it-yourself actor through applied learning in animation production management, this research was done by changing the theme at the youth level i.e. by solving problems in the hope that student’s skills will improve, and the ability to innovate, think independently, and solve problems.
The purpose of this study is to guide students in using information technology effectively to help achieve effective and innovative work and help students to seriously consider the importance of financial management.
The logic model development section is the core of this study. This section is a modelling process that consists of analyzing the contextual situation of the program, identifying the main elements, compiling a map of the program logic model, and verifying the model. The program will be made into 3:
Program I: Making Financial Management Audio Materials for High School Students
Make a podcast about the importance of financial management (positive perspective) and avoiding poor financial management (negative perspective).The creation of this podcast is intended for students who are easily or interested in receiving information through their sense of hearing.
Podcast itself is an audio recording that can be listened to by the general public and is different from radio which is broadcast via frequency, we can listen to podcasts anytime via the internet. Things to consider when making this podcast are:
- Make the theme of the material as attractive as possible when making drafts and literature reviews. Students will be more interested in listening to the Podcasts that we make;
- Podcaster quality and good sound, avoid using the built-in microphone on a computer or laptop so that the results can be better because after all one of the selling points of Podcasts is sound, so the sound produced must of course be good. The podcaster must also be a professional so that his intonation can be absorbed well by students;
- Make sure the sound or audio is good by using sound editing applications such as audacity, reaper, wavepad audio editor, and other applications that can support better sound editing;
- The duration should not be too long, which is about 10 minutes so that students don’t feel bored listening to the podcasts.
Program II: Making Financial Management Visual Materials for High School Students
Make a comic about the importance of financial management (positive perspective) and avoiding poor financial management (negative perspective). Learning media in the form of comics has many advantages when compared to other learning media.
The advantage of comics is that their presentation contains strong visual elements and stories. The visualized expression makes the reader emotionally involved so that it makes the reader to continue reading it until the end.
Broadly speaking, comics media can be divided into two, namely comic strips and comic books. A comic strip is a form of comics consisting of several sheets of columnar frames published in a daily or magazine, usually followed by a story, while what is meant by comic books is comics in the form of books.
The comics made in this study are comic books because they are designed from several sheets and made into books about real stories about the positive and negative impacts of studying financial management. The following steps are carried out in the design phase:
- The first stage in this phase is initial design and literacy. After understanding the problem, then the illustrator makes an initial idea or rough idea;
- The second stage is validation. Validation is carried out by media experts and design experts. Design experts were asked for their input regarding the relevance between the image and the message conveyed in the illustration. Then the media expert assesses whether the type of material used is in accordance with consumer needs;
- The third stage is revision. The input received from the experts is then used as a reference to make a final design in the form of a comic about ordering and making comics.
Program III: Making Financial Management Audio Visual Materials for High School Students
Make a video about the importance of financial management (positive perspective) and avoiding poor financial management (negative perspective).
Online learning in it’s implementation requires the support of mobile devices such as smartphones, tablets and laptops that can be used to access information anywhere and anytime, especially in the current pandemic era.
The use of technological mobility has a great contribution to the achievement of distance learning goals and students have become familiar with it. In order to achieve the goal of making the animated video, the activity is divided into 3 stages:
- Pre-production stage, where at this stage, materials on financial management from two perspectives will be prepared, accompanied by real events and how to implement them. Then make a storyline which then becomes the outline of the guide during the production process later. In addition, the selection of songs, back sound, good design is also important at this stage;
- The production stage is carried out afterwards by making a draft of an animated video using a video editing application based on the story line that has been designed. Then the evaluation of the video was carried out as quality assurance;
- The Post Production stage is the stage when the video is ready to be distributed to viewers both online and offline.
These three programs have an important role for high school students to understand how important financial management is and the negative impact when they fail to implement it. Through these three learning media, students will actually get knowledge that is not in the school curriculum.
Keeping this in mind is very important to avoid failures in managing finances in the future which can even be drawn closer to them. Besides that, the government’s attention in eradicating illegal P2P Lending is also a fundamental reason why this must be of great concern to students.
But the big question is which program is the most effective? Through the analysis of 4 quadrants, the biggest impact is through videos because students get a direct picture and the level of understanding of students will be high considering the absorption capacity of those who are used to learning things in the room through books, writing, and lectures.
The ultimate goal of making this paper is that this method can be applied to provide life lessons outside of school so that students can avoid financial failure.
Writer: Bernadhita Tamara Angelia Wardhana
Gajah Mada University International Accounting Student
Editor: Ika Ayuni Lestari
