Indonesia Conference Directory

Worker migration is an old phenomenon. Remittances are vital component of household income for families, reducing poverty and creating opportunities for investment in education and enterprise. As we know, high income countries are sources of remittances. Government wants to upgrade the migrant workers financial knowledge to reduce the revel tendency. But the one who arrange the remittance is the one in family member, not the migrant worker. This study tend to analyze ability to manage remittance and financial of migrant workers family using descriptive qualitative method based on worker migration and basic financial management theory. The results are remitrance from abroad generally received 3-4 monthly. And remittance in dollara or others foreign exchange rate (from developed countries) has bigger value in rupiah because of rupiahs exchange rate depreciation tendency. In East Java, Indonesia, access to increase financial literacy for migrant workers family is very lack. They may have proper education and internet access but dont improve their financial literacy.