Abstract
The purpose of this study was to analyze the effect of financial literacy, parents’ social economic and student lifestyle on students’ personal financial management. This study used quantitative methods and data analysis techniques of Structural Equation Modeling using SmartPLS 3.0 software. The research sample used a random sampling method. The data used primary data collected through a questionnaire. The number of returned and valid questionnaires was 220 samples. The data was processed by using SEM. The results of the study concluded that financial literacy had a significant effect on students’ personal financial management, student lifestyle had a significant effect on students’ personal financial management, and parents’ social economics had a significant effect on students’ personal financial management. The novelty of this research was the Correlation model of financial literacy, parents’ social economic and student lifestyle on students’ personal financial management. The results of this study can be a reference for further research that can be applied in other organizations.
Highlights
How to CiteThe Effect of Financial Literacy, Parents’ Social Economic and Student Lifestyle on Students Personal Financial Management
The purpose of this study was to analyze the effect of financial literacy, parents’ social economic and student lifestyle on students’ personal financial management
Based on the results of data analysis using SmartPLS, it obtained p value 0.000 < 0.050 so it can be concluded that Financial Literature had a significant effect on Students’ Personal Financial Management, an increase in the Literature on Students variable would have a significant effect on an increase in the Students Personal Financial Management variable and a decrease in the Financial Literature variable would have an significant effect to the decrease in the Student Personal Financial Management variable
Summary
The Effect of Financial Literacy, Parents’ Social Economic and Student Lifestyle on Students Personal Financial Management. The success and happiness of human life can be defined by various measures, such as the career path or position that has been achieved, the assets that have been collected, and the preparation of the generation In this day and age, many Indonesians still have difficulty managing their personal finances. According to Ameer et al (2020), Çoskun et al (2020) financial management is defined as a technique to balance a person’s consumptive lifestyle with his productive lifestyle, for example saving, doing business, or investing and the meaning of financial control is the design, organization, and control of activities related to finance. The purpose of this study is to analyze The Effect of Financial Literature, Parents’ Social Economics and Student Lifestyle on Students
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