Storybook validation: Essential practices for student's financial literacy

https://doi.org/10.35912/jomabs.v1i2.3398
Published: Aug 29, 2025

Abstract:

Purpose: To develop and validate a financial literacy storybook for Junior High School students using the 4D (Define, Design, Develop, Disseminate) method.

Research Methodology: This study employs a development research approach, specifically utilizing the 4D (Define, Design, Develop, Disseminate) method to create and validate a financial literacy storybook for Junior High School students.

Results: High feasibility scores from both material (72 points) and media (77 points) experts validated the storybook's content accuracy, relevance, and overall design quality. These results suggest that the approach of using digital storytelling, specifically through Storyjumper, can effectively bridge the gap between abstract financial concepts and relatable age-appropriate narratives for adolescents.

Conclusions: The validated storybook enhances students’ financial literacy by combining pedagogical accuracy with engaging design, and digital storytelling innovatively boosts understanding and interest in financial education.

Limitations: First, the validation process relied primarily on expert opinions, which, although valuable, may not fully capture the perspectives of the target audience, Junior High School students. The study did not include a pilot test with actual students, which could provide insights into the storybook's real-world effectiveness and engagement levels. Additionally, the research is limited to a specific geographical and cultural context, potentially affecting the generalizability of the findings to other regions or educational systems.

Contribution: This research contributes a validated financial literacy storybook for Junior High School students, advancing educational tools in this crucial field and demonstrating the 4D method's effectiveness in educational material development.

Keywords:
1. Financial Literacy
2. Local Wisdom
3. Storybook
Authors:
1 . Okto Irianto
Universitas Musamus, Indonesia
2 . Susanto Susanto
Universitas Musamus, Indonesia
3 . Henie Poerwandar Asmaningrum
Universitas Musamus, Indonesia
4 . Adi Maulana Rachman
Universitas Musamus, Indonesia
5 . Jarot Budiasto
Universitas Musamus, Indonesia
6 . Habib Sokheh
SMP Muhammadiyah Kartosentanan Merauke, Indonesia
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How to Cite
Irianto, O., Susanto, S., Asmaningrum, H. P. ., Rachman, A. M. ., Budiasto, J. ., & Sokheh, H. (2025). Storybook validation: Essential practices for student’s financial literacy. Journal of Multidisciplinary Academic Business Studies, 1(2), 125–138. https://doi.org/10.35912/jomabs.v1i2.3398
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Issue & Section
Vol. 1 No. 2 (2024): February
Articles
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References

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    Alshubiri, F., Jamil, S. A., & Elheddad, M. (2019). The impact of ICT on financial development: Empirical evidence from the Gulf Cooperation Council countries. international Journal of engineering business management, 11, 1847979019870670. doi: https://doi.org/10.1177/1847979019870670

    Asmaningrum, H. P., Khoe, R. I. K., & Sukirno, S. (2018). Analisis Respon Siswa Terhadap Pengembangan Buku Suplemen Kimia Berbasis Kearifan Lokal Suku Asmat Papua. Musamus Journal of Science Education, 1(1), 021-026. doi: https://doi.org/10.35724/mjose.v1i1.914

    Betaubun, M. (2020). Improving Digital Learning Tool in the Classroom through Interactive Bilingual Ebook Based On Local Wisdom of Indonesia. American Journal of Humanities and Social Sciences Research (AJHSSR), 4(6), 292-302.

    Dafri, W., & Al-Qaruty, R. (2023). Challenges and opportunities to enhance digital financial transformation in crisis management. Social Sciences & Humanities Open, 8(1), 100662. doi: https://doi.org/10.2139/ssrn.4454940

    Darmayanti, M., & Khairunnisa, A. (2024). Financial Literacy Teaching Module Based on Social Inquiry Model in Elementary School Social Studies. International Journal of Elementary Education, 8(1). doi: https://doi.org/10.23887/ijee.v8i1.65725

    Faulkner, A. (2022). Financial literacy around the world: what we can learn from the national strategies and contexts of the top ten most financially literate nations. The Reference Librarian, 63(1-2), 1-28. doi: https://doi.org/10.1080/02763877.2021.2009955

    Fitriyani, R., Ahsanu, M., Kariadi, M. T., & Riyadi, S. (2023). Teaching Writing Skills through Descriptive Text by Using Digital Storytelling “StoryJumper”. JELLE: Journal Of English Literature, Linguistic, and Education, 4(1). doi: https://doi.org/10.31941/jele.v4i1.2536

    Funeka, L. P., Govender, N., & Govender, V. (2022). Attracting and Retaining University Students through Effective Marketing and Public Relations Strategies. Interdisciplinary Journal of Economics and Business Law, 11(4).

    Gotov, H. L., & Korkmazev, A. V. (2022). The Influence Of Digitalization On Innovative Development Of Science And Education. Industry Economics.

    Güngör Göksu, G. (2023). A retrospective overview of the Journal of Public Budgeting, Accounting and Financial Management using bibliometric analysis. Journal of Public Budgeting, Accounting & Financial Management, 35(2), 264-295. doi: https://doi.org/10.1108/jpbafm-04-2022-0061

    Haleem, A., Javaid, M., Qadri, M. A., & Suman, R. (2022). Understanding the role of digital technologies in education: A review. Sustainable operations and computers, 3, 275-285. doi: https://doi.org/10.1016/j.susoc.2022.05.004

    Hariyani, I. T., Soemarmi, S., Nurhidayah, S., Prameswari, N. K., & Fitri, N. D. (2023). Penerapan Media Storyjumper dan Storytelling Sebagai Sarana Literasi Digital Sekolah MI Raden Rahmat. Journal of Community Service and Society Empowerment, 1(02). doi: https://doi.org/10.59653/jcsse.v1i02.261

    Hellín, C. J., Calles-Esteban, F., Valledor, A., Gómez, J., Otón-Tortosa, S., & Tayebi, A. (2023). Enhancing student motivation and engagement through a gamified learning environment. Sustainability, 15(19), 14119. doi: https://doi.org/10.3390/su151914119

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    Laksmi, N. L. A. N. (2020). Story Book Development With Local Culture Content As Learning Companion For 5th Grade Primary Students. Paper presented at the International Conference on Elementary Education.

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    Lusardi, A., Hasler, A., & Yakoboski, P. J. (2021). Building up financial literacy and financial resilience. Mind & Society, 20, 181-187. doi: https://doi.org/10.1007/s11299-020-00246-0

    Lusardi, A., & Messy, F.-A. (2023). The importance of financial literacy and its impact on financial wellbeing. Journal of Financial Literacy and Wellbeing, 1(1), 1-11. doi: https://doi.org/10.1017/flw.2023.8

    Menberu, A. W. (2024). Technology-mediated financial education in developing countries: A systematic literature review. Cogent Business & Management, 11(1), 2294879. doi: https://doi.org/10.1080/23311975.2023.2294879

    Moreno-Herrero, D., Salas-Velasco, M., & Sánchez-Campillo, J. (2018). Factors that influence the level of financial literacy among young people: The role of parental engagement and students' experiences with money matters. Children and Youth Services Review, 95, 334-351. doi: https://doi.org/10.1016/j.childyouth.2018.10.042

    Murugiah, L., Ismail, R., Taib, H. M., Applanaidu, S. D., & Long, M. N. H. B. H. (2023). Children's understanding of financial literacy and parents' choice of financial knowledge learning methods in Malaysia. MethodsX, 11, 102383. doi: https://doi.org/10.1016/j.mex.2023.102383

    Musau, S. (2022). Efficient Public Financial Management For Effective Governance And Sustainable Urban Development. Journal of Public Policy and Administration, 7(1), 21-30. doi: https://doi.org/10.47604/jppa.1459

    Niebel, T. (2018). ICT and economic growth–Comparing developing, emerging and developed countries. World development, 104, 197-211. doi: https://doi.org/10.2139/ssrn.2560771

    Nurlaela, N., Ilham, M. J., & Lisabe, C. M. (2022). The Effects of Storyjumper on Narrative Writing Ability of EFL Learners in Higher Education. Jurnal Educatio FKIP UNMA, 8(4), 1641-1647.

    Nurwulandari, A. (2022). The Effect of Financial Literacy on Student Financial Management. Jurnal Info Sains: Informatika dan Sains, 12(02), 79-84.

    Okoye, K., Hussein, H., Arrona-Palacios, A., Quintero, H. N., Ortega, L. O. P., Sanchez, A. L., . . . Hosseini, S. (2023). Impact of digital technologies upon teaching and learning in higher education in Latin America: an outlook on the reach, barriers, and bottlenecks. Education and Information Technologies, 28(2), 2291-2360. doi: https://doi.org/10.1007/s10639-022-11214-1

    Ostaev, G., Zlobina, O., Gogolev, I., & Kislickiy, P. (2023). Financial Management: Planning, Design and Management. Russian Journal of Management. doi: https://doi. org/10.29039/2409-6024-2023-11-1-193-210.

    Otto, A. (2013). Saving in childhood and adolescence: Insights from developmental psychology. Economics of Education Review, 33, 8-18. doi: https://doi.org/10.1016/j.econedurev.2012.09.005

    Pandita, A., & Kiran, R. (2023). The technology interface and student engagement are significant stimuli in sustainable student satisfaction. Sustainability, 15(10), 7923. doi: https://doi.org/10.3390/su15107923

    Pramitasari, M., Syarah, E. S., Risnawati, E., & Tanjung, K. S. (2023). Early childhood financial literacy: A systematic literature review. Atfaluna: Journal of Islamic Early Childhood Education, 6(1), 1-11. doi: https://doi.org/10.32505/atfaluna.v6i1.5724

    Rojas, J. A. F., Fajardo, J. P. F., Cajamarca, J. E. G., Abrigo, D. F. P., & Cabrera, F. R. C. (2023). Collaborative Writing Skills Enhancement through the Use of Story Jumper: Mejora de las habilidades de escritura colaborativa mediante el uso de Story Jumper. LATAM Revista Latinoamericana de Ciencias Sociales y Humanidades, 4(5), 1230–1250-1230–1250. doi: https://doi.org/10.56712/latam.v4i5.1390

    Sari, V. D. A., & Arini, R. (2021). SPARK: Pemanfaatan Platform StoryJumper dalam Pembelajaran Bahasa Inggris Anak-Anak Sekolah Dasar. KANGMAS: Karya Ilmiah Pengabdian Masyarakat, 2(2), 171-177. doi: https://doi.org/10.37010/kangmas.v2i2.316

    Smiderle, R., Rigo, S. J., Marques, L. B., Peçanha de Miranda Coelho, J. A., & Jaques, P. A. (2020). The impact of gamification on students’ learning, engagement and behavior based on their personality traits. Smart Learning Environments, 7(1), 3. doi: https://doi.org/10.1186/s40561-019-0098-x

    Syafiqah, A. D., & Diana, D. (2024). The Influence of Factors on Students’ Financial Management: SEM Approach. Copyright ©2024 Airlangga Journal of Innovation Management 231

    Airlangga Journal of Innovation Managemen, 5(2). doi: https://doi.org/10.20473/ajim.v5i2.57746

    Tang, N., & Peter, P. (2015). Financial knowledge acquisition among the young: The role of financial education, financial experience, and parents’ financial experience. Financial services review: the journal of individual financial management, 24(2), 119-137. doi: https://doi.org/10.61190/fsr.v24i2.3237

    Thompson, M., Pawson, C., & Evans, B. (2021). Navigating entry into higher education: the transition to independent learning and living. Journal of Further and Higher Education, 45(10), 1398-1410. doi: https://doi.org/10.1080/0309877x.2021.1933400

    Van Nguyen, H., Ha, G. H., Nguyen, D. N., Doan, A. H., & Phan, H. T. (2022). Understanding financial literacy and associated factors among adult population in a low-middle income country. Heliyon, 8(6). doi: https://doi.org/10.1016/j.heliyon.2022.e09638

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  2. Alshubiri, F., Jamil, S. A., & Elheddad, M. (2019). The impact of ICT on financial development: Empirical evidence from the Gulf Cooperation Council countries. international Journal of engineering business management, 11, 1847979019870670. doi: https://doi.org/10.1177/1847979019870670
  3. Asmaningrum, H. P., Khoe, R. I. K., & Sukirno, S. (2018). Analisis Respon Siswa Terhadap Pengembangan Buku Suplemen Kimia Berbasis Kearifan Lokal Suku Asmat Papua. Musamus Journal of Science Education, 1(1), 021-026. doi: https://doi.org/10.35724/mjose.v1i1.914
  4. Betaubun, M. (2020). Improving Digital Learning Tool in the Classroom through Interactive Bilingual Ebook Based On Local Wisdom of Indonesia. American Journal of Humanities and Social Sciences Research (AJHSSR), 4(6), 292-302.
  5. Dafri, W., & Al-Qaruty, R. (2023). Challenges and opportunities to enhance digital financial transformation in crisis management. Social Sciences & Humanities Open, 8(1), 100662. doi: https://doi.org/10.2139/ssrn.4454940
  6. Darmayanti, M., & Khairunnisa, A. (2024). Financial Literacy Teaching Module Based on Social Inquiry Model in Elementary School Social Studies. International Journal of Elementary Education, 8(1). doi: https://doi.org/10.23887/ijee.v8i1.65725
  7. Faulkner, A. (2022). Financial literacy around the world: what we can learn from the national strategies and contexts of the top ten most financially literate nations. The Reference Librarian, 63(1-2), 1-28. doi: https://doi.org/10.1080/02763877.2021.2009955
  8. Fitriyani, R., Ahsanu, M., Kariadi, M. T., & Riyadi, S. (2023). Teaching Writing Skills through Descriptive Text by Using Digital Storytelling “StoryJumper”. JELLE: Journal Of English Literature, Linguistic, and Education, 4(1). doi: https://doi.org/10.31941/jele.v4i1.2536
  9. Funeka, L. P., Govender, N., & Govender, V. (2022). Attracting and Retaining University Students through Effective Marketing and Public Relations Strategies. Interdisciplinary Journal of Economics and Business Law, 11(4).
  10. Gotov, H. L., & Korkmazev, A. V. (2022). The Influence Of Digitalization On Innovative Development Of Science And Education. Industry Economics.
  11. Güngör Göksu, G. (2023). A retrospective overview of the Journal of Public Budgeting, Accounting and Financial Management using bibliometric analysis. Journal of Public Budgeting, Accounting & Financial Management, 35(2), 264-295. doi: https://doi.org/10.1108/jpbafm-04-2022-0061
  12. Haleem, A., Javaid, M., Qadri, M. A., & Suman, R. (2022). Understanding the role of digital technologies in education: A review. Sustainable operations and computers, 3, 275-285. doi: https://doi.org/10.1016/j.susoc.2022.05.004
  13. Hariyani, I. T., Soemarmi, S., Nurhidayah, S., Prameswari, N. K., & Fitri, N. D. (2023). Penerapan Media Storyjumper dan Storytelling Sebagai Sarana Literasi Digital Sekolah MI Raden Rahmat. Journal of Community Service and Society Empowerment, 1(02). doi: https://doi.org/10.59653/jcsse.v1i02.261
  14. Hellín, C. J., Calles-Esteban, F., Valledor, A., Gómez, J., Otón-Tortosa, S., & Tayebi, A. (2023). Enhancing student motivation and engagement through a gamified learning environment. Sustainability, 15(19), 14119. doi: https://doi.org/10.3390/su151914119
  15. Kurniasari, I., & Ratnawati, K. (2023). The Financial Behavior of Young Generation in Indonesia. Journal of Indonesian Applied Economics, 11(2), 146-155.
  16. Laksmi, N. L. A. N. (2020). Story Book Development With Local Culture Content As Learning Companion For 5th Grade Primary Students. Paper presented at the International Conference on Elementary Education.
  17. Listia, R., Al Arief, Y., Amelia, R., Muslimawati, D. A., Anwar, M. N., & Damayanti, S. A. (2022). Pelatihan Pembuatan Storyjumper dengan Kearifan Lokal untuk Meningkatkan Motivasi Belajar Siswa pada Kelompok Kerja Guru Gugus Kuin Utara. Lumbung Inovasi: Jurnal Pengabdian Kepada Masyarakat, 7(3), 413-426. doi: https://doi.org/10.36312/linov.v7i3.856
  18. Lusardi, A. (2019). Financial literacy and the need for financial education: evidence and implications. Swiss journal of economics and statistics, 155(1), 1-8. doi: https://doi.org/10.1186/s41937-019-0027-5
  19. Lusardi, A., Hasler, A., & Yakoboski, P. J. (2021). Building up financial literacy and financial resilience. Mind & Society, 20, 181-187. doi: https://doi.org/10.1007/s11299-020-00246-0
  20. Lusardi, A., & Messy, F.-A. (2023). The importance of financial literacy and its impact on financial wellbeing. Journal of Financial Literacy and Wellbeing, 1(1), 1-11. doi: https://doi.org/10.1017/flw.2023.8
  21. Menberu, A. W. (2024). Technology-mediated financial education in developing countries: A systematic literature review. Cogent Business & Management, 11(1), 2294879. doi: https://doi.org/10.1080/23311975.2023.2294879
  22. Moreno-Herrero, D., Salas-Velasco, M., & Sánchez-Campillo, J. (2018). Factors that influence the level of financial literacy among young people: The role of parental engagement and students' experiences with money matters. Children and Youth Services Review, 95, 334-351. doi: https://doi.org/10.1016/j.childyouth.2018.10.042
  23. Murugiah, L., Ismail, R., Taib, H. M., Applanaidu, S. D., & Long, M. N. H. B. H. (2023). Children's understanding of financial literacy and parents' choice of financial knowledge learning methods in Malaysia. MethodsX, 11, 102383. doi: https://doi.org/10.1016/j.mex.2023.102383
  24. Musau, S. (2022). Efficient Public Financial Management For Effective Governance And Sustainable Urban Development. Journal of Public Policy and Administration, 7(1), 21-30. doi: https://doi.org/10.47604/jppa.1459
  25. Niebel, T. (2018). ICT and economic growth–Comparing developing, emerging and developed countries. World development, 104, 197-211. doi: https://doi.org/10.2139/ssrn.2560771
  26. Nurlaela, N., Ilham, M. J., & Lisabe, C. M. (2022). The Effects of Storyjumper on Narrative Writing Ability of EFL Learners in Higher Education. Jurnal Educatio FKIP UNMA, 8(4), 1641-1647.
  27. Nurwulandari, A. (2022). The Effect of Financial Literacy on Student Financial Management. Jurnal Info Sains: Informatika dan Sains, 12(02), 79-84.
  28. Okoye, K., Hussein, H., Arrona-Palacios, A., Quintero, H. N., Ortega, L. O. P., Sanchez, A. L., . . . Hosseini, S. (2023). Impact of digital technologies upon teaching and learning in higher education in Latin America: an outlook on the reach, barriers, and bottlenecks. Education and Information Technologies, 28(2), 2291-2360. doi: https://doi.org/10.1007/s10639-022-11214-1
  29. Ostaev, G., Zlobina, O., Gogolev, I., & Kislickiy, P. (2023). Financial Management: Planning, Design and Management. Russian Journal of Management. doi: https://doi. org/10.29039/2409-6024-2023-11-1-193-210.
  30. Otto, A. (2013). Saving in childhood and adolescence: Insights from developmental psychology. Economics of Education Review, 33, 8-18. doi: https://doi.org/10.1016/j.econedurev.2012.09.005
  31. Pandita, A., & Kiran, R. (2023). The technology interface and student engagement are significant stimuli in sustainable student satisfaction. Sustainability, 15(10), 7923. doi: https://doi.org/10.3390/su15107923
  32. Pramitasari, M., Syarah, E. S., Risnawati, E., & Tanjung, K. S. (2023). Early childhood financial literacy: A systematic literature review. Atfaluna: Journal of Islamic Early Childhood Education, 6(1), 1-11. doi: https://doi.org/10.32505/atfaluna.v6i1.5724
  33. Rojas, J. A. F., Fajardo, J. P. F., Cajamarca, J. E. G., Abrigo, D. F. P., & Cabrera, F. R. C. (2023). Collaborative Writing Skills Enhancement through the Use of Story Jumper: Mejora de las habilidades de escritura colaborativa mediante el uso de Story Jumper. LATAM Revista Latinoamericana de Ciencias Sociales y Humanidades, 4(5), 1230–1250-1230–1250. doi: https://doi.org/10.56712/latam.v4i5.1390
  34. Sari, V. D. A., & Arini, R. (2021). SPARK: Pemanfaatan Platform StoryJumper dalam Pembelajaran Bahasa Inggris Anak-Anak Sekolah Dasar. KANGMAS: Karya Ilmiah Pengabdian Masyarakat, 2(2), 171-177. doi: https://doi.org/10.37010/kangmas.v2i2.316
  35. Smiderle, R., Rigo, S. J., Marques, L. B., Peçanha de Miranda Coelho, J. A., & Jaques, P. A. (2020). The impact of gamification on students’ learning, engagement and behavior based on their personality traits. Smart Learning Environments, 7(1), 3. doi: https://doi.org/10.1186/s40561-019-0098-x
  36. Syafiqah, A. D., & Diana, D. (2024). The Influence of Factors on Students’ Financial Management: SEM Approach. Copyright ©2024 Airlangga Journal of Innovation Management 231
  37. Airlangga Journal of Innovation Managemen, 5(2). doi: https://doi.org/10.20473/ajim.v5i2.57746
  38. Tang, N., & Peter, P. (2015). Financial knowledge acquisition among the young: The role of financial education, financial experience, and parents’ financial experience. Financial services review: the journal of individual financial management, 24(2), 119-137. doi: https://doi.org/10.61190/fsr.v24i2.3237
  39. Thompson, M., Pawson, C., & Evans, B. (2021). Navigating entry into higher education: the transition to independent learning and living. Journal of Further and Higher Education, 45(10), 1398-1410. doi: https://doi.org/10.1080/0309877x.2021.1933400
  40. Van Nguyen, H., Ha, G. H., Nguyen, D. N., Doan, A. H., & Phan, H. T. (2022). Understanding financial literacy and associated factors among adult population in a low-middle income country. Heliyon, 8(6). doi: https://doi.org/10.1016/j.heliyon.2022.e09638