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In today's complex economic environment, individuals and households alike grapple with the challenge of financial planning. This paper introduces novel methodologies for both individual and cooperative (household) financial budgeting. We firstly propose an optimization framework for individual budget allocation, aiming to maximize savings by efficiently distributing monthly income among various expense categories. We then extend this model to households, wherein the complexity of handling multiple incomes and shared expenses is addressed. The cooperative model prioritizes not only maximized savings but also the preferences and needs of each member, fostering a harmonious financial environment, whether they are short-term needs or long-term aspirations. A notable innovation in our approach is the integration of recommendations from a large language model (LLM). Given its vast training data and potent inferential capabilities, the LLM provides initial feasible solutions to our optimization problems, acting as a guiding beacon for individuals and households unfamiliar with the nuances of financial planning. Our preliminary results indicate that the LLM-recommended solutions result in budget plans that are both economically sound, meaning that they are consistent with established financial management principles and promote fiscal resilience and stability, and aligned with the financial goals and preferences of the concerned parties. This integration of AI-driven recommendations with econometric models, as an instantiation of an extended coevolutionary (EC) theory, paves the way for a new era in financial planning, making it more accessible and effective for a wider audience, as we propose an example of a new theory in economics where human behavior can be greatly influenced by AI agents. [ABSTRACT FROM AUTHOR]

The purpose of this study was to document factors associated with a couple's decision to manage finances entirely jointly (i.e., pooled), somewhat jointly, or separately. Based on survey data from 636 married or cohabitating respondents, test results showed that married and less well-educated individuals are more likely to pool finances with their partners. Additionally, it was determined that the odds of partners pooling finances increase as the size of a household increases and when the household exhibits a positive net worth. In this study, households with two income earners were approximately 50% less likely to pool their finances compared to households with one income earner. It was further determined that those who reported agreeing on issues related to spending were more than twice as likely to pool their finances as compared to those who did not agree with their partner on issues related to spending. The findings from this study advance the marriage and family therapy literature by showing that financial integration style and financial decision-making responsibilities are separate constructs and should not be used as proxies for one another. [ABSTRACT FROM AUTHOR]

Public service agencies are basically a tool to improve the performance of public services for the development of human resources as well as infrastructure facilities through the implementation of financial management based on results, professionalism, accountability and transparency. The aim of this research is to describe and analyze the financial management of state universities as public service agencies (BLU) in supporting the development of human resources and infrastructure (Study at the Faculty of Languages and Arts (FBS) Universitas Negeri Manado). The research method used is a qualitative method with a purposive sampling technique in determining informants. The research results show that, among other things, 1) Financial management planning for state universities that implement public service bodies must be able to accommodate the interests of both parties (central government and state universities); 2) There needs to be transparency in financial management. In terms of what and for what the institution's finances need to be recorded and accounted for, accompanied by proof of its use; 3) Financial planning needs to be done every year by taking into account the needs that occur in the next year. Planning must be designed to be close to reality through comprehensive planning. Apart from that, the implementation of management of state assets must be directed at management that provides academic and economic benefits through the tridharma of higher education; 4) Important things to pay attention to when preparing a budget plan: a. Inventory the plans to be implemented b. Develop a plan based on the priority scale for implementation c. Determine the work program and program details d. Determine the need for implementation of program details e. Calculating the funds needed f. Determine the source of funds to finance the plan. [ABSTRACT FROM AUTHOR]

Corporate financial management is responsible for constructing, optimizing, and modifying finance-related structures for an unremitting function. The finance optimization model incorporates risk prediction and fund balancing for distinguishable corporate operations. This risk prediction is handled using sophisticated computing models with artificial intelligence and machine learning for self-training and external learning. Therefore, this article introduces a Backpropagation-aided Neural Network for designing an Optimal Risk Prediction (ORP-BNN) to pre-validate existing and new financial imbalances. The risk prediction model is designed to cope with corporate standards and minimum riskless financial management. This is designed as a linear snowfall model wherein the BNN decides the significance between fund allocation and restraining. The snowfall model significantly relies on allocation or restraining, which is achieved by assigning significant weights depending on the previous financial decision outcome. The weight factor is determined using gradient loss functions associated with the computing model. The training process is pursued using different structural modifications used for successful financial management in the past. In particular, the risk thwarted financial planning using a snowfall-like computing model, and its data inputs are used for training optimization. Therefore, the proposed model's successful risk mitigation stands high under prompt decisions. [ABSTRACT FROM AUTHOR]

The development of the tourism industry in Indonesia has presented new business opportunities, including in the field of container villa rental in mountainous areas. This business promises attractive potential, but is also faced with various challenges related to proper financial planning. This research aims to analyze and understand the financial planning strategies adopted by container villa rental companies in Indonesia's mountainous regions. This research was conducted at PT Nahe Unggul Lestari which launched "V-CONT Village" a villa located in Sukabumi adjacent to the Bocimi toll road access which is under construction. The location is also close to Mount Gede Pangrango tourism. This research uses a qualitative approach with a case study method. The data in this study was collected through in-depth interviews with relevant parties in the container villa rental company, including financial management and other decision makers. In addition, data is also collected through document studies, namely financial reports, budgets, and company business plans. The collected data will be analyzed with a qualitative approach. The results show that financial planning for container villa rental companies in the mountains in Indonesia needs to be done systematically and structured. Financial planning in villa container rental companies in the mountains includes financial goals and objectives, financial planning elements, financial projections, investment feasibility analysis, and financial performance analysis. [ABSTRACT FROM AUTHOR]

Compared to higher income couples, those with low incomes experience a host of challenges and disparities in their intimate relationships, including lower levels of relationship satisfaction, higher rates of breakup of cohabiting relationships, and higher rates of divorce. In recognition of these disparities, a number of interventions targeting couples with low incomes have been developed. These interventions historically focused primarily on improving relationship skills through relationship education, but in recent years a new approach that integrates economic‐focused interventions alongside relationship education has emerged. This integrated approach is intended to better address the challenges facing couples with low incomes, but the theory‐driven, top‐down approach to intervention development leaves open the question of whether couples with low incomes are interested in participating in a program that combines these two disparate components. The current study draws from a large randomized controlled trial of one such program (N = 879 couples) to provide descriptive information about the recruitment and retention of couples with low incomes in a study of relationship education with integrated economic services. Results indicate that it is possible to recruit a large, linguistically, and racially diverse sample of couples living with low income to participate in an integrated intervention, but the uptake of relationship‐focused services was higher than the uptake of economic‐focused services. Additionally, attrition over a 1‐year follow‐up data collection period was low but required labor‐intensive efforts to reach participants for the survey. We highlight successful strategies for the recruitment and retention of diverse couples and discuss implications for future intervention efforts. [ABSTRACT FROM AUTHOR]

This study aims to determine the factors that influence Islamic financial literacy, financial behavior and financial resilience to Islamic financial planning and management of young couples after the covid 19 pandemic. This research is a qualitative research using Structural Equation Model Partial Least Square (SEM-PLS) with primary data taken from questionnaires based on convenience sampling, totaling 250 respondents. Islamic financial literacy is influenced by income/employment factors. Islamic financial literacy has an impact on financial planning by full meditation since it only significant to undirect affect through financial behaviour and financial resilliance. Financial behavior is influenced by the level of risk tolerance and Islamic financial literacy. Financial resilience is influenced by financial literacy and financial behavior. Islamic financial planning is influenced by behavior and financial resilience. Lastly, Islamic financial management is influenced by financial literacy, financial behavior, and financial resilience. [ABSTRACT FROM AUTHOR]

Many resources exist to explain financial planning challenges for the average person. But not many discussions focus on individuals or couples who are child-free or childless, often referred to as Solo Agers. This article examines the planning areas (financial and non-financial) that are most important for Solo Agers to focus on to maximize the probability of a life well-lived. [ABSTRACT FROM AUTHOR]

Purpose. This paper presents the development of a software system for business metrics tracking. The purpose of this research is to provide business owners with a tool to keep track of their business metrics, allowing them to make data-driven decisions. Methodology. The methodology of this research includes an analysis of the problem area, identification of key business metrics, and examination of existing software solutions. Findings. This research reveal the importance of defining key business metrics for marketing, business modeling, financial planning, and other aspects. Analysis of existing software solutions identified their advantages and disadvantages, which helped to define the requirements for the software system. The software system was designed to provide the user with the ability to track and manage business metrics, collaborate with partners, and work remotely. Originality. This research lies in the development of a software system that provides clear instructions for use, data security, and online support. The practical value of the software system is that it provides a userfriendly interface for tracking business metrics, making data-driven decisions, and improving business performance. Practical value. This research provides a comprehensive analysis of the development of a software system for business metrics tracking, with a focus on practicality and usefulness for business owners. The software system can be used in various fields and industries, providing an effective tool for managing business metrics. [ABSTRACT FROM AUTHOR]

This study is about the determinants of investment decisions among retirables to evaluate their preparedness of retirables in terms of investment before they retire, the perceived factors that influence them to invest, and their knowledge and education in financial management. It also creates an investment planning model that will fit the needs of the individual depending on their income and risk appetite to invest. The study uses a descriptive correlational method, and the results revealed no significant difference between the respondents according to the three determinants (Investment Behavior, Financial Preparedness, and Investment Influencers). Therefore, they do not differ in terms of determinants in making decisions. However, there was a significant relationship between investment determinants of retirables and investment influencers. The correlation of 0.864 between investment determinants and investment influencers for the retirables was highly correlated and statistically significant. The investment determinants influence investment decision-making; thus, it is claimed that determinant factors are extremely important to implement their investment plan for retirement preparedness. Consequently, knowing the investment determinant behavior is the key to practicing Investment planning. It is recommended, therefore, to strengthen the level of financial preparedness and education of employed people at an early age to raise awareness and improve their understanding of financial risks when they are no longer earning (retired) and make necessary investments. [ABSTRACT FROM AUTHOR]

The research aims to study the financial behavior of students from the Babeș-Bolyai University in the municipality of Cluj-Napoca and the factors that, according to the literature, are contributors to its formation and positive modeling. Several factors were studied using a quantitative paradigm: family financial socialization, the level of financial self-control, and exposure to financial education. The overall picture of the financial behavior of the students who took part in the research (Babeș-Bolyai University students filling a self-administered questionnaire) illustrates a relatively healthy financial behavior. [ABSTRACT FROM AUTHOR]