The Effect of Knowledge, Behavior, and Spiritual Quotient on Personal Financial Management

Sri Zaniarti,M Sienly Veronica,Raden Arvi Arsytania

doi:10.18775/ijied.1849-7551-7020.2015.74.2005

Sri Zaniarti, M Sienly Veronica + Show 1 more

Open Access

https://doi.org/10.18775/ijied.1849-7551-7020.2015.74.2005

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Abstract

This study aims to determine the effect of knowledge, behavior, and spiritual quotient on personal financial management. A total of 194 married employees comprised of non-lecturers and permanent lecturers from Maranatha Christian University were selected as participants using probability sampling with a stratified random sampling method. Data were analyzed using multiple linear regression analysis. The results showed that knowledge, behavior, and spiritual quotient partially affect personal financial management.

Highlights

Based on the results of the inter-census population survey, Indonesia is a developing country with a total population of 266.91 million, where male and female genders are 134 and 132.89 million, respectively
This study aims to determine the effect of knowledge, behavior, and spiritual quotient on personal financial management
Based on the linear regression analysis results, hypothesis 1 is accepted because the sig in the coefficients table is 0.004 below 5%, and this means that financial knowledge affects personal financial management

Summary

Introduction

Based on the results of the inter-census population survey, Indonesia is a developing country with a total population of 266.91 million, where male and female genders are 134 and 132.89 million, respectively. The number of productive people is 68%, which indicates that they are more than unproductive ones (databoks.katadata, 2019). Each individual needs to understand and manage their finances well by using appropriate instruments and products to prevent financial problems (Yushita, 2017). According to Parrotta & Johnson (1998, as cited by Wiharno 2018), divorce often occurs in a family because of dissatisfaction with one's financial status. Personal financial management is the principles use by people in making decisions of where to obtain, budget, save and spend money over time, record various risks, and occur events (Wiharno, 2018)

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