Demographic, Financial Literacy, and Financial Behavior of Women Working in Manufacturing Industry

The purpose of this study is to determine the effect of demographic factors and financial literacy on financial behavior of women working in manufacturing industry. Women are the targets of financial literacy due to their involvement in fulfilling the household needs and welfare. This research is quantitative research. Using the questionnaire on 115 respondents in this study from various manufacturing industries in Purbalingga with probability sampling as the technique. While the data analysis technique used Structural Equation Modelling (SEM) PLS 3.0. The findings show that, first, demographic factors contribute positively and significantly towards female workers’ financial behavior with original sample value 0.224 and t-value 2.420 > 1.96; second, financial literacy also contributes positively and significantly towards financial behavior with original sample value 0.256 and t-value 3.251 > 1.96. The higher the demographic factors of female workers, the better their financial management are. Likewise, students with low financial literacy tend to be able to hold back their urges to buy things and use services. Moreover, the significance of financial literacy and demographic factors has important implications for the development of policies that aim to improve financial behaviour among women working in financial education programs.

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Financial literacy among working women: A Study on university staff in Kedah

Journal of Science and Mathematics Letters ◽

10.37134/jsml.vol8.2.12.2020 ◽

2020 ◽

Vol 8 (2) ◽

pp. 100-108

Author(s):

Nur Najihah Ashaari ◽

Zahayu Md Yusof ◽

Masnita Misiran ◽

Hasimah Sapiri

Keyword(s):

Financial Literacy ◽

Financial Management ◽

Structural Equation ◽

Financial Risk ◽

Working Women ◽

Financial Education ◽

Financial Behavior ◽

Equation Modeling ◽

Employment Sector ◽

Five Factors

The involvement of women in the employment sector has helped boost the Malaysian economy. Therefore, it is imperative for our economy to consider the fact that where and how women work to spend or invest their funds. In this case, for the proper use of funds, working women need to be financially literate. This study to determine the relationship between the factors towards financial literacy among working women and to investigate the risk of financial literacy among working women. Sample data were gathered using self-administered questionnaire among working women in government university in Kedah and later analyzed using statistical software namely, Statistical Package for Social Science (SPSS) version 25.0 and Analysis of Moment Structure (AMOS) version 25.0. Confirmatory Factor Analysis (CFA) together with Structural Equation Modeling (SEM) approach was used both to access the model fit and identify the significant direct influence financial literacy among working women. As a result, five factors that influence financial management have been highlighted which are financial attitude, financial knowledge, financial education, financial behavior and financial literacy. The result indicates that only financial attitudes significant towards financial literacy among working women as supported by the previous study. However, other factors are also important in assessing the level of financial literacy of an individual because each of these factors plays a role in ensuring an individual's financial management and avoid yourself from financial risk.

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PENGARUH LITERASI KEUANGAN DAN FAKTOR DEMOGRAFI TERHADAP PERILAKU PENGELOLAAN KEUANGAN PRIBADI PADA DOSEN-DOSEN FAKULTAS EKONOMI UKIM

Jurnal Soso-Q ◽

10.30598/sosoq.v8i1.1073 ◽

2020 ◽

Vol 8 (1) ◽

Author(s):

Chricela N Joseph

Keyword(s):

Financial Literacy ◽

Financial Management ◽

Scientific Journal ◽

Demographic Factors ◽

Test Reliability ◽

Financial Behavior ◽

Absolute Poverty ◽

Management Behavior ◽

Cross Sectional ◽

Independent Variable

The term financial literacy is the ability of an individual to make decisions in terms of personal financial knowledge. According to Remund (2010) describes five domains of financial literacy namely knowledge of financial concepts, the ability to communicate about financial concepts, the ability to manage finances, the ability to make financial decisions and the confidence to make future plans. 1) Does financial literacy affect the personal financial management behavior of the UKIM faculty of economics? 2) Does income affect the personal financial management behavior of the UKIM faculty of economics? The output of this study is the publication of the results of studies in the National Scientific Journal (with ISSN). In this study the variables to be examined consist of the independent variable (dependent variable), namely capital ownership, dependents and education level, while the dependent variable (independent variable), namely absolute poverty. Time horizon of one stage research (cross sectional). The analysis in this study is the entire lecturer at the UKIM faculty of economics. The research method used in this research is explanatory survey. The population in this study is the whole faculty of economics at UKIM, amounting to 22 people. While the sample in this study is the entire population. Data analysis techniques used in this study are the validity test, reliability test and Chi Square Test.The results of this study indicate that 1) Demographic factors which include income do not affect the financial behavior of the UKIM faculty of economics. 2) Financial literacy has a significant effect on the financial behavior of the UKIM faculty of economicsKeywords: Financial Literacy, Demographic Factors, Financial Management Behavior.

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PENGARUH LITERASI KEUANGAN KECERDASAN SPIRITUAL DAN PENDIDIKAN KEUANGAN DI KELUARGA TERHADAP PENGELOLAAN KEUANGAN MAHASISWA

Jurnal Riset Pendidikan Ekonomi ◽

10.21067/jrpe.v3i1.3812 ◽

2018 ◽

Vol 3 (1) ◽

Author(s):

Madelberta Resma Nugraheni Sigo ◽

Lilik Sri Hariani ◽

Walipah Walipah

Keyword(s):

Linear Regression ◽

Multiple Linear Regression ◽

Financial Literacy ◽

Financial Management ◽

Quantitative Research ◽

Sampling Technique ◽

Financial Education ◽

Economic Education ◽

Spiritual Intelligence ◽

Quota Sampling

This study aims to analyze the effect of financial literacy, spiritual intelligence, and financial education in families on the financial management of students of Economic Education in Kanjuruhan University Malang. This type of research uses quantitative research, using multiple linear regression. The population in this study were all students of Economic Education at Kanjuruhan University Malang, totaling 198 students with a research sample of 65 students. The sampling technique in this study used quota sampling. The data obtained were analyzed using the SPSS application version 16.00 for windows. Based on the results of the analysis it is known that there is a significant simultaneous and partial effect between financial literacy, spiritual intelligence, and financial education in families on the financial management of students of Economic Education at Universitas Kanjuruhan Malang.

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PERMODELAN POLA PERENCANAAN KEUANGAN BERDASARKAN STATUS PERNIKAHAN

BAREKENG JURNAL ILMU MATEMATIKA DAN TERAPAN ◽

10.30598/barekengvol15iss4pp773-784 ◽

2021 ◽

Vol 15 (4) ◽

pp. 773-784

Author(s):

Lukmanul Hakim ◽

Sri Andriani ◽

Nenny Noor Umami

Keyword(s):

Structural Equation Modeling ◽

Marital Status ◽

Financial Literacy ◽

Financial Planning ◽

Financial Management ◽

Structural Equation ◽

Partial Least Square ◽

Least Square ◽

Financial Behavior ◽

Equation Modeling

A Marital status at community can make an impact on financial management. The purpose of this study was to analyze financial planning based on marital status with the variables of financial attitude, financial behavior, and financial literacy towards people who live in Sumbawa. The data were analyzed using Structural Equation Modeling Partial Least Square (SEM-PLS) through smartPLS version 3.0 software. The results of the analysis in this study indicate that (1) financial attitude has a significant effect on financial behavior both based on married and unmarried status, (2) financial attitude has a significant effect on financial literacy both based on married and unmarried status, (3) financial attitude has an effect significant on financial planning based on both married and unmarried status, (4) financial behavior has no significant effect on financial literacy both based on married and unmarried status, (5) financial behavior has no significant effect on financial planning both based on married and unmarried status, (6) financial literacy has no significant effect on financial planning based on both married and unmarried status, and (7) There is no difference in financial planning based on marital status

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Investigating the level of financial literacy of university students

RACE - Revista de Administração Contabilidade e Economia ◽

10.18593/race.v16i3.13458 ◽

2017 ◽

Vol 16 (3) ◽

pp. 845-866 ◽

Cited By ~ 1

Author(s):

Israel José dos Santos Felipe ◽

Harrison Bachion Ceribeli ◽

Túlio Queiroz Lana

Keyword(s):

Structural Equation Modeling ◽

University Students ◽

Financial Literacy ◽

Structural Equation ◽

Financial Education ◽

Well Being ◽

Financial Knowledge ◽

Financial Behavior ◽

Equation Modeling ◽

Financial Attitudes

AbstractConsidering that the quality of financial decisions taken by individuals depends on their financial knowledge, abilities and attitudes, it is possible to state that the well-being of a population depends on how financially literate it is. In this context, the aim of this study was to measure the financial literacy level of university students in north of Mexico. The research method used was the survey and the data collected were analyzed using the structural equation modeling technique. As results, it was possible to confirm that financial attitudes of university students of north of Mexico influence their financial behavior. However, it was not confirmed that financial knowledge of these students impacts their financial behavior. As a high relationship between financial attitudes, financial behavior and financial knowledge of analyzed individuals was not found, it is concluded that the level of financial literacy of university students in the north of Mexico is low. It implies in the necessity to invest in financial literacy programs that could help this population to better manage their resources, what would certainly impact on its savings and consumption decisions, and retirement planning.Keywords: Financial Literacy. Financial Education. Structural Equation Modeling. Mexican Students. Investigando o nível de alfabetização financeira de estudantes universitários ResumoConsiderando que a qualidade das decisões financeiras tomadas pelos indivíduos depende de seus conhecimentos, habilidades e atitudes financeiras, é possível afirmar que o bem-estar de uma população depende do quão financeiramente alfabetizada ela é. Neste contexto, o objetivo deste estudo foi mensurar o grau de alfabetização financeira dos estudantes universitários do norte do México. O método de pesquisa utilizado foi a survey e os dados coletados foram analisados por meio da técnica de modelagem de equações estruturais. Como resultados, foi possível confirmar que as atitudes financeiras dos universitários do norte do México influenciam seu comportamento financeiro. Todavia, não se confirmou que o conhecimento financeiro desses estudantes impacta seu comportamento financeiro. Como não se encontrou uma forte relação entre os conhecimentos, atitudes e comportamentos financeiros dos indivíduos analisados, conclui-se que o nível de alfabetização financeira dos estudantes universitários do norte do México é baixo. Isso implica na necessidade de investir em programas de alfabetização financeira para auxiliar essa população a melhor gerir seus recursos, o que certamente irá impactar em suas decisões de poupança e consumo, assim como em seu planejamento de aposentadoria.Palavras-chave: Alfabetização financeira. Educação financeira. Modelagem de equações Estruturais. Estudantes mexicanos.

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Analisis Faktor-Faktor yang Memengaruhi Financial Satisfaction Pengguna E-Wallet

Jurnal Ilmu Manajemen ◽

10.26740/jim.v9n2.p426-437 ◽

2021 ◽

Vol 9 (2) ◽

pp. 426

Author(s):

May Amelia ◽

Yuyun Isbanah

Keyword(s):

Financial Literacy ◽

Financial Management ◽

Structural Equation ◽

Quantitative Research ◽

Equation Model ◽

Financial Strain ◽

Financial Satisfaction ◽

Snowball Sampling ◽

Management Behaviour ◽

Data Collection Instrument

The research aims to determine the effect of financial literacy, financial strain, financial management behaviour, and income on financial satisfaction in the e-wallet user in Surabaya. The research is a type of conclusive causality research with quantitative research data using purposive sampling and snowball sampling techniques. The data collection instrument used in this research was the distribution of online questionnaires. The samples used in this research were 207 respondents from e-wallet user in Surabaya. The data analysis use Structural Equation Model (SEM) technique with AMOS tools. This research shows that only financial management behaviour influences financial satisfaction because of their good financial management awareness. Financial literacy has no financial satisfaction because the information is easy to get, but what is received is not necessarily correct. Financial strain has no influences on financial satisfaction because respondent did not experience financial strain, so most of them are college students and students. Income also has no influences on financial satisfaction because the income received still depends on each parent.

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KARAKTERISTIK SOSIAL EKONOMI YANG MEMPENGARUHI LITERASI KEUANGAN SERTA DAMPAKNYA TERHADAP MANAJEMEN KEUANGAN PERSONAL (Survei Pada Pegawai Negeri Sipil Daerah di Kabupaten Kuningan)

Jurnal Riset Keuangan Dan Akuntansi ◽

10.25134/jrka.v1i02.437 ◽

2017 ◽

Vol 1 (02) ◽

Author(s):

Herma Wiharno

Keyword(s):

Financial Literacy ◽

Financial Management ◽

Financial Education ◽

Civil Servants ◽

Financial Knowledge ◽

Financial Behavior ◽

Sample Collection ◽

Socioeconomic Characteristics ◽

Units Of Analysis ◽

Education Levels

The purpose of this study was to assess the socioeconomic characteristics that influence financial literacy and the influence of financial literacy towards personal financial management. The financial literacy in this study was divided into dimensions of financial literacy, financial behavior, and financial attitudes.The method used is descriptive and verificative methods. This research was conducted in the Kuningan Regency, and the Regional Civil Servants were the units of analysis. The samples used in this study were 390 Regional Civil Servants with the sample collection technique of proportional stratified cluster random sampling.The results of the verificative analysis revealed that only education levels significantly affect the financial knowledge, while having a significant effect on the behavior and attitudes in addition to the level of financial education is also a place to stay. Financial knowledge, financial behaviors, and financial attitudes significantly influence towards the personal financial management. In relation between socioeconomic characteristics with personal financial management, education level only that significant effect on personal financial management.

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Financial Literacy, Materialism and Financial Behavior

International Journal of Multicultural and Multireligious Understanding ◽

10.18415/ijmmu.v5i4.171 ◽

2018 ◽

Vol 5 (4) ◽

pp. 370

Author(s):

Anastasia Anggarkusuma Arofah ◽

Yunastiti Purwaningsih ◽

Mintasih Indriayu

Keyword(s):

College Students ◽

Financial Literacy ◽

Significant Contribution ◽

Financial Education ◽

Economic Education ◽

Financial Behavior ◽

Original Sample ◽

Education Programs ◽

Goods And Services ◽

Financial Behaviour

AbstractOtoritas Jasa Keuangan (OJK) focus on improving financial behavior is through financial education program. This study discusses the importance of financial literacy and materialism attitudes in affecting individual’s financial behaviour. Using survey on 129 undergraduates of Economic Education, financial literacy and materialism being factor in affecting behaviour finance. The result of research shows that financial literacy has positive and significant contribution on financial behaviour. It can be seen from the original sample value is 0.244 and t-value 2.319 > 1.96. In addition materialism has a positive and significant contribution on financial behaviour with the original sample value is -0.583 and t-value 6.666 > 1.96. Undergraduates with high financial literacy has good financial behaviour, and undergraduates with low materialism tends can hold an activity related to the purchase of consumer goods and services. Moreover, the significance of financial literacy and self-efficacy has important implications for the development of policies that aim to improve financial behaviour among college students in financial education programs. Keywords: Financial Literacy, Materialism, Financial Behaviour, Financial Education

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The Role of Knowledge Brokers in Improving Financial Literacy

10.47260/amae/1135 ◽

2021 ◽

pp. 75-103

Author(s):

Chaouki Mouelhi ◽

Hajer Hammami

Keyword(s):

Structural Equation Modeling ◽

Financial Literacy ◽

Structural Equation ◽

Positive Impact ◽

Financial Education ◽

Financial Knowledge ◽

Financial Behavior ◽

Equation Modeling ◽

Knowledge Brokers ◽

The Impact

Several governments around the world have tried strategies based primarily on financial education programs to improve the financial literacy of their citizens. In this study, we discuss a new strategy that involves using knowledge transfer activities carried out by intermediary agents, called financial knowledge brokers, to achieve significant improvement in financial literacy. Thus, the aim of this paper is to test the impact of the five activities of financial knowledge brokers (i.e., financial knowledge acquisition, financial knowledge integration, financial knowledge adaptation, financial knowledge dissemination, and creation of links) on financial literacy. For this, we built a database from a questionnaire carried out to nearly 103 financial advisers during the period June 2015 to June 2017. Overall, the results of Structural equation Modeling (SEM) technique showed that the financial knowledge brokerage activities (four of the five activities) have a positive impact on improving financial literacy as well as on its four dimensions, namely financial attitude, financial behavior, basic financial knowledge, and advanced financial knowledge. JEL classification numbers: D80, F65, G20, I20. Keywords: Financial literacy, Knowledge brokers, Structural equation modeling.

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Mitigating Consumptive Behavior: The Analysis of Learning Experiences of Housewives

International Education Studies ◽

10.5539/ies.v9n3p114 ◽

2016 ◽

Vol 9 (3) ◽

pp. 114

Author(s):

Suparti Suparti

Keyword(s):

Financial Literacy ◽

Financial Management ◽

Formal Education ◽

Learning Experiences ◽

Demographic Factors ◽

Financial Education ◽

Educational Background ◽

Family Welfare ◽

Socio Demographic Factors ◽

Consumptive Behavior

<p class="apa">The purpose of this study is to investigate the determinant of consumptive behavior by analyzing learning experiences of housewives as members of Family Welfare Movement (PKK) in Malang, East Java Indonesia. Financial literacy is defined as personal knowledge and capability in financial management. Sample of this study was 123 housewives and retrieved using convenience sampling method. The data was collected by using questionnaires and analyzed by using path analysis. The results of this study show that financial literacy significantly affects consumptive behavior of housewife. It means that financial education has become an urgency to be held in formal education level. However socio-demographic factors (e.g. age, educational background, and working experiences) are not correlated with consumptive behavior of housewife. Therefore, financial literacy is the determinant of consumptive behavior of housewife. Thus, as learning experiences proxies, financial literacy and socio-demographic factors seem to be complement.</p>

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