Financial Management Behavior Research Articles

The Effect of Student Sharia Financial Literacy on Student Financial Behavior (Case Study of Islamic Economics Students

Behavioral finance is a field of science that combines behavioral and cognitive psychological theory with conventional economics and finance that is useful for explaining why people make irrational financial decisions. Financial literacy is related to everyday life. As in making decisions to save, both short-term and long-term financial decisions. This is the role of literacy in everyday life. Therefore, financial intelligence is the main thing that must be considered in everyday life. The purpose of this study was to determine the effect of Islamic financial literacy on student financial management behavior. The object of this research is 100 students of Islamic Economics at Diponegoro University. Data was collected using a questionnaire which was then processed and analyzed using a simple linear regression method. From the data processing, it is obtained that Islamic financial literacy with dimensions of subjective knowledge about sharia compliance, subjective knowledge of usury and profit sharing on Islamic finance has a significant positive effect on financial behavior with the dimensions of saving behavior, spending behavior, long-term financial behavior, short- term financial behavior.

The Interplay of Mental Budgeting, Self-Control, and Financial Behavior: Implications for Individual Financial Well-Being

According to behavioral finance, people are not always rational in managing their finances. The financial stability of a person is directly linked with the spending style and pattern of the individual. This research investigates how mental budgeting influences financial behaviors and altogether financial stability, with a focus on the moderating effect of self-control. To explore this, we studied 294 people to see how mental budgeting affects their financial management and well-being, and how self-control plays a role in this process. A self-administered questionnaire was adapted to gather responses of the employees working in various organizations in Lahore. Smart PLS and SPSS were utilized to analyze and measure the responses collected from respondents. This study found that people are able to better manage their finances when they use mental budgeting. Similarly, there is clear evidence that mental budgeting has an association with financial well-being and financial behavior. The path coefficient uncovers the moderating impact of self-control on financial management behavior and financial wellness. These findings suggest that teaching people about mental budgeting and self-control in financial education programs might help them make better financial decisions. This study adds to our understanding by showing how these factors work together to influence financial behavior, highlighting the need for more tailored financial advice that considers both mental budgeting and self-control. This research helps clarify how people can better manage their finances through both mental strategies and behavioral control, contributing valuable insights into effective financial management practices.

Pengaruh Sikap Keuangan, Pengalaman Keuangan dan Kepribadian terhadap Perilaku Pengelolaan Keuangan UMK di Kecamatan Lubuk Dalam Kabupaten Siak

This research aims to determine the influence of financial attitudes, financial experience and personality on the financial management behavior of MSEs in Lubuk Dalam District, Siak Regency. The method used in this research is quantitative descriptive analysis with the SmartPLS 4 program. The population in this research is all micro and small business actors in Lubuk sub-district, totaling 1648 MSE units, with a total sample of 94 MSE units. The data collection technique is through distributing questionnaires, while the variable measurement technique uses a Likert scale. Data analysis includes convergent validity test, discriminant validity test, reliability test, model fit test, coefficient of determination test, path coefficient test and hypothesis testing. The results of the analysis show that in general the financial attitudes, financial experience, personality and financial management behavior of MSEs in Lubuk District are very good. In addition, the results of this research show that (1) financial attitudes have a positive and significant effect on financial management behavior of MSEs in Lubuk Dalam District, (2) financial experience has a positive and significant effect on financial management behavior of MSEs in Lubuk Dalam District and (3) personality has a positive and significant effect on the financial management behavior of MSEs in Lubuk Dalam District. Keywords: Financial Attitudes, Financial Experience and Personality, Financial Management Behavior.

Analysis of the Implication of Factors Affecting Gen Z E-Commerce Users’ Financial Management Behavior

This study aims to examine the factors that can influence financial management behavior of Gen Z in Surabaya. This study used quantitative methods and was sourced from primary data obtained from 300 respondents. The characteristics of respondents include part of Gen Z aged 19-26 years, using fintech, and using e-commerce. Then the data is processed using AMOS 25 software with Structural Equation Modeling (SEM) techniques. The resulting findings show that financial attitude, emotional quotient, and financial technology have a significant positive effect. This is because a good financial attitude will shape good financial behavior such as maintaining savings habits as well as recording expenses regularly. Apart from having a good view of finances, someone who has high emotional intelligence will easily manage money and motivate themselves to achieve financial prosperity in the future. Not only internal factors, technological modernization such as fintech will also make it easier to process transactions, record expenses and pay bills on time. While hedonism lifestyle and love of money show a significant negative effect. This is because someone who has a hedon lifestyle will more often waste money on consumption so their money management will be bad. In addition, someone who has a high love for money will result to greed and materialistic behavior. However, the gender variable produced findings of an insignificant influence on financial management behavior.

Pengaruh pengetahuan keuangan dan sosialisasi keuangan keluarga terhadap perilaku pengelolaan keuangan dimoderasi toleransi risiko keuangan.

The topic is related to factors that can contribute to the financial management behavior and has not been extensively researched by previous researchers. This study aimed to examine the influence of financial knowledge and family financial socialization on the financial management behavior with financial risk tolerance as a moderating variable. This research approach employed is quantitative with a survey method. The sample consists of 269 active Diploma and Bachelor's degree students at Universitas Sebelas Maret was taken using proportionate stratified random sampling. Data was collected through an online questionnaires with a Likert scale of 1-5. Data analysis was conducted using moderated regression analysis with SmartPLS software. The research results show that financial knowledge and family financial socialization influence financial management behavior. Additionally, financial risk tolerance has also been proven to moderate the relationship between financial knowledge and family financial socialization on financial management behavior. This research is useful for educational institutions, parents, and stakeholders interested in promoting the financial management behavior of students

Pengaruh Literasi Finansial Terhadap Perilaku Pengelolaan Keuangan Siswa Kelas XI SMA Global Islamic Boarding School

This research aims to 1) analyze the level of financial literacy of class XI students at SMA Global Islamic Boarding School and 2) analyze the influence of student financial literacy on financial management behavior in class The type of research used is a quantitative descriptive approach. The subjects in this research were class XI students at SMA Gobal Islamic Boarding School. The sample used was 77 respondents selected using the saturated sampling technique method. Data analysis used in this research uses simple linear regression analysis. The results of the research show 1) the financial literacy level of students at XI SMA Global Islamic Boarding School is at the Sufficent Literate level. where at this level they are grouped based on individuals who have knowledge and confidence in financial institutions and products and services including features, benefits and risks, rights and obligations, but there are still no skills in using financial products and services and 2) financial literacy has a significant effect on the financial management behavior of class XI students at Global Islamic Boarding School.

The mediating role of locus of control: Financial knowledge and financial attitude on financial management behavior

Purpose-Currently, individual behavior in managing finances, especially in the younger generation, needs attention. The ease of financial access can provide both positive and negative aspects. This study aimed to ascertain how financial knowledge and attitudes through locus of control can influence financial management behavior. Design/Methodology/Approach-Modeling structural equations using Smart PLS 4.0 are the data processing techniques used in this study. This study examines the impact of the indicators of each of these variables on the objects of students of the Faculty of Economics and Business in Yogyakarta, Indonesia. By distributing questionnaires, the researchers were able to collect data from up to 98 respondents. Findings-The study's findings suggest that although financial attitudes have a direct impact on financial behavior management, financial knowledge has no direct impact on financial behavior management behavior. Financial attitudes and knowledge have been demonstrated to directly affect locus of control. It has also been demonstrated that locus of control directly affects money management behavior. Furthermore, it has been demonstrated that locus of control mediates the relationship between financial knowledge and financial management behavior, but not the relationship between financial attitudes and financial management conduct. Research limitations/implications-The findings of this research are expected to be a reference and basis for knowledge, especially for the younger generation, who are expected to understand that to foster good financial management behavior, there are many things that must be considered. This study shows that financial knowledge, financial attitudes, and locus of control are elements that can influence financial management behavior. Originality/value-There is still very little research on financial management behavior in the younger generation, especially among students of the Faculty of Economics and Business in Yogyakarta, Indonesia. This study revealed factors that allegedly had an impact on the financial management behavior of students of the Faculty of Economics and Business in Yogyakarta, Indonesia.

The Influence of Factors on Sharia Financial Management Behavior: SEM Approach

The high muslim population and the trend of halal living have resulted in increasing interest and growth in the islamic finance industry today. For every individual and company, financial management behavior is an important factor in making good financial decisions, especially in the context of Islamic finance. This research was conducted to find out whether factors such as sharia financial literacy, halal lifestyle, help seeking, locus of control, and sharia financial attitudes have an influence on sharia financial management behavior. This study involved 226 respondents from the JABODETABEK area who were at least 18 years old. The data were analyzed using SEM-PLS method. The results showed that all these factors have a positive correlation with sharia financial management behavior. However, when talking about a halal lifestyle, this research concludes that this halal lifestyle has a significant impact on sharia financial management behavior with sharia financial attitudes as moderation. The findings of this research provide important implications for the JABODETABEK region in developing strategies to increase sharia financial inclusion. Apart from that, this research can also be a reference for further research in the same field and contribute to a deeper understanding of related theories.

Financial stress among college students: New data about student loan debt, lack of emergency savings, social and personal resources

AbstractWe provide updated results about the link between student loan debt and emergency savings with financial stress, and after conditioning for differences in social and personal resources. We use the stress process model framework and data from the 2020 Study on Collegiate Financial Wellness (N = 25,310) to estimate ordered probit regression models. The 2020 data confirm that students report higher levels of stress if they hold more loan debt and have lower emergency savings. Students with higher levels of financial socialization and financial self‐efficacy experience less financial stress and experience more stress when they report both positive and negative financial management behaviors. Among student‐borrowers, the role of social and personal resources is weakened. The data confirm ongoing financial stress among college students and points to the important role of financial socialization through parents and financial skill in students' ability to cope with financial stress.

Peran Locus of Control Sebagai Variabel Intervening dalam Pengaruh Pengetahuan Keuangan dan Sikap Keuangan terhadap Perilakui Pengelolaan Keuangan pada UMKM

This research aims to examine the influence of financial knowledge, financial attitudes, and locus of control as intervening variables on UMKM in the Purwokerto area. The method used in sampling was probability sampling and the number of samples in this study was 100 respondents. Data analysis in this research uses the classical assumption test, multiple linear regression (t test), coefficient of determination and path analysis. The research results show that financial knowledge and financial attitudes directly have a positive and significant effect on locus of control. Financial attitude has a positive and significant effect on financial management behavior, while financial knowledge and locus of control have no effect on financial management behavior. Locus of control is not able to mediate the influence of financial knowledge on financial management behavior and locus of control is able to mediate the influence of financial attitudes on financial management behavior.

Peran Mediasi Faktor Demografi pada Pengaruh Financial Attitude, Locus of Control dan Financial Knowledge Terhadap Personal Financial Management Behavior: Study Kasus pada Pegawai Tetap Universitas Muhammadiyah Sumatera Utara

Research aims to testing the influence of financial attitudes, Locus of Control, financial knowledge on the behavior of personal financial management through the role of mediation factors of demographics focusing on age and working period of respondents studied. The population of this research is the remaining employee of the University of Muhammadiyah North Sumatra, which amounted to about 300. SPRESSING SCHAMED ABDER 75 respondents with Slovin formula to know the number of respondents is the employee remains University of Muhammadiyah North Sumatra. Methods of data collection wears a questionnaire. Data analysis using SmartPLS 4.1.0.0. The results of research, financial knowledge has a positive effect on demographic factors, financial knowledge has a positive effect on personal financial management behavior, and Locus of Control has a positive effect on behavior of personal financial management. Private personnel behavior is very important in life. Each individual has a certain level of financial knowledge to help apply the behavior of personal financial management. In addition, each individual is endowed with intelligence and level of personal financial knowledge that enables them to perform activities in financial management. Financial knowledge greatly has an effect on personal financial management behavior. The better financial knowledge, the better also financial management. A person's decision in financial management is also inseparable from the role of demographic factors of age and work. Age also affects the decision in the behavior of personal financial management. The higher the age and effort of individuals will be better as well as in the management of personal finances and can be more focus in the short-term and long-term personal management of the applicable appearance in the form of behavior

Analisis Komparatif Tingkat Literasi Keuangan dan Prilaku Pengelolaan Keuangan pada Nasabah Bank Emok dan Bank BRI Unit Tanjung Jaya di Desa Sukaratu Kec.Cilebar Kab. Karawang

The financial sector, especially banking, is considered a pillar of economic growth and national stability which plays an important role in improving people's living standards by collecting funds from them to support national development. However, limited access to formal financial institutions encourages people to seek loans from non-formal institutions such as Bank Emok. BRI Bank is also an option, but complex administrative procedures and fear of difficult requirements are obstacles. Most people prefer loans from Emok Bank or loan sharks. The majority of the people of Sukaratu Village work as agricultural laborers to meet their living needs, but the people of Sukaratu Village need more money to improve their standard of living, such as business capital and educational needs. Therefore, improving financial literacy and financial management behavior is essential to help people overcome economic problems and improve their standard of living. This research aims to conduct a comparative analysis regarding the level of financial literacy and financial management behavior between customers of Bank Emok and Bank BRI Tanjung Jaya Unit in Sukaratu Village, Cilebar District, Karawang Regency. The data analysis method used is quantitative research and uses a quantitative descriptive research method design: comparative study. The sample used in this research was 69 Bank Emok customers and 65 Bank BRI Tanjung Jaya Unit customers, respondents who had loans at the bank. This research uses sample Independent T Tast Test analysis, which is a statistical test used to test the average difference between two unpaired variables, based on the sample Independent T Tast Test carried out on customers of Bank Emok and Bank BRI Tanjung Jaya Unit, the results of t -test for Equality of Means Sig value. (2-tailed) greater than 0.05. shows that there is no significant difference between the average level of financial literacy and financial management behavior of Bank Emok and Bank BRI Tanjung Jaya Unit customers. Keywords: BRI Bank Tanjung Jaya Unit Customers, Emok Bank Customers, Financial Literacy, Financial Management Behavior.

FINANCIAL MANAGEMENT BEHAVIOR ON BUY NOW PAY LATER USERS: DOES EDUCATION LEVEL MEDIATES THE EFFECT?

The advancement of digitalization in the modern world has expedited the shift from traditional economies to digital economies, offering both advantages and obstacles. The rapid growth of digital transactions, notably due to the emergence of Buy Now Pay Later (BNPL) services, has sparked worries about its impact on financial management behaviors. As the usage of digital platforms like Shopee PayLater, primarily by Generation Z, continues to increase, there is a critical need to enhance financial literacy and establish self-regulation mechanisms to mitigate the potential risks of excessive consumption. This study examines the relationship found between financial literacy and self-control in financial management behavior using education level as a mediating effect. Generation Z individuals who use Buy Now Pay Later service in Indonesia, namely Shopee PayLater, were targeted as research subjects. This research shows that financial literacy, self-control, and education level each have significantly influenced financial management behavior directly. On the other hand, education level could not mediate the relationship between financial literacy and self-control on financial management behavior since the impact is insignificant. Most Generation Z individuals in Malang, Indonesia who use Shopee PayLater have a high education level, good financial literacy, self-control, and financial management behavior.

Pengaruh Literasi Keuangan dan Sikap Keuangan terhadap Perilaku Pengelolaan Keuangan Keluarga: Studi Kasus di Desa Tegalmojo

In managing household finances, apart from household financial management behavior, financial literacy and financial attitudes are also important for families. This research aims to find out how financial literacy and financial attitudes influence family financial management behavior. This research uses a descriptive quantitative approach sourced from two data, namely primary and secondary data. The research was conducted in Tegalmojo Village with data collection using 285 questionnaires. The sampling technique was purposive sampling which was used and 100 respondents obtained questionnaires that could be used. This research uses data analysis techniques, namely multiple linear regression analysis including instrument tests, classical assumption tests, T tests, F tests, and coefficient of determination with the IBM SPSS 22 program. The results of this research show that financial literacy has a significant positive effect on family financial management behavior. and financial attitudes also have a significant positive effect on family financial management behavior. The Coefficient of Determination produces financial literacy and financial attitudes that simultaneously influence family financial management behavior.

Management Behavior of Online Users: Testing the Role of Financial Literacy as a Moderating Variable

This research was conducted to examine the Influence of Pocket Money, Financial Self-Efficacy, Self-Control, and Religiosity on the Financial Management Behavior of Online Loan Users with Financial Literacy as a Moderation Variable. Criteria for sample selection in this study include students who are currently or have taken financial management courses at the Faculty of Economics at Universitas Islam Negeri Maulana Malik Ibrahim Malang. Data collection techniques used a questionnaire. The total sample used in this study was 106 respondents using the non-probability sampling method, namely purposive sampling. This research used a quantitative analysis approach using Partial Least Square (PLS). The results show that pocket money, self-control, and religiosity affect financial management behavior. Beside it, financial self-efficacy does not affect financial management behavior. Financial literacy does not moderate the influence of pocket money, financial self-efficacy self-control, and religiosity on financial management behavior.

PENGARUH FINANCIAL KNOWLEDGE DAN PARENTAL INCOME TERHADAP FINANCIAL MANAGEMENT BEHAVIOUR MAHASISWA JURUSAN MANAJEMEN UNIVERSITAS KRISTEN MARANATHA BANDUNGRUSAN MANAJEMEN UNIVERSITAS KRISTEN MARANATHA BANDUNG

The purpose of this study was to examine and analyze the influence of Financial Knowledge and Parental Income on the Financial Management Behavior of students majoring in management at Maranatha Christian University, Bandung. This research is a quantitative research. Sampling was carried out purposively on 56 students majoring in management at Maranatha Christian University, Bandung. The results of the study with multiple regression analysis show that Financial Knowledge has an effect on Financial Management Behavior, while Parental Income has no effect on Financial Management Behavior. Financial Knowledge and Parental Income together influence Financial Management Behavior. It is recommended for future researchers to add or substitute other variables to replace the income variable, and add a larger and more diverse sample size, not only among students. The implication of this research is that students majoring in management need to apply financial knowledge on a daily basis and in financial planning courses there is a need to practice financial knowledge

자산관리 앱의 기능이 재무관리 태도와 행동, 재무웰빙에 미치는 영향

자산관리 앱의 기능이 재무관리 태도와 행동, 재무웰빙에 미치는 영향

The Influence of Financial Literacy and Financial Attitude on Financial Management Behavior

The Influence of Financial Literacy and Financial Attitude on Financial Management Behavior

Financial Management Behavior of Millennials

Finance is an important aspect of our daily lives. Managing our finances well can help us achieve our financial goals, face financial challenges, and build a more financially stable future. Financial management in the millennial generation is not yet optimal, there are still many problems faced, including high levels of debt, consumer lifestyle, lack of understanding about investment, changes in lifestyle and consumption patterns. This research study uses qualitative methods. This research study involved 3 informants to provide information related to the study carried out. The findings from this research are that the millennial generation has a diverse understanding of financial management, investment and debt management, the millennial generation shows a combination of internal and external locus of control in financial management and the COVID-19 pandemic has brought significant changes in expenditure, income, and the financial habits of the millennial generation. They are more careful in managing their finances, prioritizing important expenses, and strengthening long-term financial preparations.

Pengetahuan dan Sikap Keuangan: Perspektif Manajemen Keuangan dan Financial Self-Eficacy di Lingkungan Desa

This research was conducted to determine the factors that influence the Financial Management Behavior of Women Empowering Family Welfare in Sukomulyo Village. This research aims to analyze the influence of Financial Knowledge and Financial Attitude variables on Financial Management Behavior with Financial Self-efficacy as a mediating variable among Mothers who are Family Welfare Empowerment (PKK) Administrators in Sukomulyo Village, Manyar District, Gresik Regency. The type of research used is quantitative with data analysis techniques using PLS (Partial Least Square) analysis with the SmartPLS program. The population and sample used in this research were the Family Welfare Empowerment (PKK) administrators at the Sukomulyo Village Community Association, totaling 135 respondents. The research results show that Financial Knowledge and Financial Attitudes have a positive effect on Financial Management Behavior. Apart from that, both also have a positive effect on Financial Self-efficacy, which in turn also influences Financial Management Behavior. Financial Self-efficacy also functions as a mediating variable, which connects Financial Knowledge and Financial Attitudes with Financial Management Behavior. These findings emphasize the importance of having good Financial Knowledge, a positive Financial Attitude, and strong Financial Self-efficacy in forming wise financial management behavior among mothers in the village.