Analysis of Individual Risk Management Strategies in Financial Management in the Digital Era in Langsa City

Abstract

This study aims to determine the effect of risk management strategies on individual financial management in the digital era, using a case study of the Meurandeh Dayah Village community in Langsa City. This study used a descriptive quantitative approach by distributing questionnaires to 93 respondents. Data analysis techniques used included validity and reliability tests, descriptive statistics, and simple linear regression using SPSS 19. The results showed that the implemented risk management strategies were in the good category and had a very strong influence on individual financial management. This finding indicates that the better a person's strategy in identifying and managing risks, the more effective their ability to manage personal finances. This study emphasizes the importance of consistently implementing risk management strategies as an effort to face financial challenges in the digital era.