Abstract
This study aims to examine the factors that affect financial literacy with variables such as gender, pocket money, lifestyle, parental income, and financial learning. The research model used are descriptive and verification analysis. The population of this study was Widyatama University students and a sample of 122 people was obtained from whom they got questionnaire. Data analysis was used multiple linear regressions. The results showed that gender, pocket money, lifestyle, parent income, and financial learning had a significant effect on students' financial literacy. While for testing the hypothesis of partial pocket money, lifestyle, and financial learning have a significant effect on financial literacy. However, gender and parents' income do not have a significant effect on students' financial literacy.
Highlights
Financial literacy is closely related to financial management that the higher level of one's financial literacy, the better financial management of a person
This study supports research is conducted by Margaretha and Sari (2015) and Nidar and Bestari (2012) which revealed that gender does not significantly influence financial literacy
In line with Widayati (2012) who revealed that the existence of good knowledge about finance from an early age can help students have a prosperous life in the future. This is supported by Lusardi and Michell (2010) who revealed that education from parents has a large role from financial literacy
Summary
Financial literacy is closely related to financial management that the higher level of one's financial literacy, the better financial management of a person. Personal financial management is one application of the financial concept management on the individual level. Financial management, which includes planning, management and financial control activities are very important to achieve financial prosperity. Financial intelligence is intelligence in managing personal assets (Widayati, 2012). In the globalization era and the proliferation of technological developments make difficult for individuals to manage personal assets to become something useful. Financial literacy is related to the individual welfare. Skills and knowledge in managing personal assets effectively are very important for each individual to support his or her well-being and it is not wrong in making financial decisions. Individual whose financial literacy is able to go through difficult financial times because of possible ownership of savings, insurance and investment diversification
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