Pengaruh Financial Literacy, Income, Hedonism Lifestyle, Self-Control, dan Risk Tolerance terhadap Financial Management Behavior pada Generasi Milenial Kota Surabaya

Financial management behavior is organized, regulated, managed, and saved funds to achieve financial well-being. The study aims to effects of financial literacy, income, hedonistic lifestyle, self-control, and risk tolerance on financial management behavior. The object used in this research is the millennial generation based in Surabaya with a monthly income. This study focuses on the millennial generation since they are stigmatized for their excessive consumption and inability to conserve money. This study employs quantitative research and the Structural Equation Model as a method of analysis (SEM). A total of 200 people responded to the survey. According to this study, financial management behavior is influenced by hedonistic lifestyle and self-control, but not by financial literacy, income, or risk tolerance. This finding is because most respondents are still in college, and the study's limitations include the inability to include other variables such as intention and social standing. This study could be helpful to reference for various parties, especially the millennial generation, to be better at self-controlling their consumption and increase their financial literacy.

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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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ANALISIS FAKTOR YANG MEMENGARUHI KEPUTUSAN INVESTASI (STUDI PADA MAHASISWI DI SURABAYA)

Jurnal Muara Ilmu Ekonomi dan Bisnis ◽

10.24912/jmieb.v4i2.8729 ◽

2020 ◽

Vol 4 (2) ◽

pp. 396

Author(s):

Ifanda Ogix Fridana ◽

Nadia Asandimitra

Keyword(s):

Structural Equation Model ◽

Financial Literacy ◽

Structural Equation ◽

Quantitative Research ◽

Investment Decisions ◽

Female Gender ◽

Equation Model ◽

Risk Tolerance ◽

Investment Activity ◽

Positive Effect

Investasi adalah kegiatan investasi aset untuk mendapatkan keuntungan dalam jangka waktu tertentu. Penelitian ini bertujuan untuk menganalisis faktor-faktor yang mempengaruhi keputusan investasi. Penelitian ini menggunakan jenis penelitian kuantitatif dengan jumlah sampel 230 responden dengan menggunakan metode analisis Structural Equation Model (SEM). Objek penelitian ini adalah mahasiswi di Surabaya yang memiliki galeri investasi di kampusnya. Studi ini berfokus pada jenis kelamin perempuan karena dalam empat tahun terakhir investor perempuan mengalami peningkatan yang signifikan dibandingkan dengan investor laki-laki, padahal tingkat pengetahuan keuangan perempuan lebih rendah dibandingkan laki-laki. Hasil penelitian ini menunjukkan bahwa literasi keuangan, overconfidence, herding, toleransi risiko dan persepsi risiko berpengaruh positif terhadap keputusan investasi. Hasil penelitian ini dapat membantu Galeri Investasi sebagai lembaga untuk sering melakukan sosialisasi seperti pemahaman finansial, manfaat berinvestasi, cara mengantisipasi risiko untuk berinvestasi sehingga pemahaman tentang investasi dapat menyeluruh dan dapat menarik calon investor baru nantinya. Investment is an asset investment activity to get a profit within a certain period. This study aims to analyze the factors that influence investment decisions. This study uses quantitative research with a sample of 230 respondents using the analysis method of Structural Equation Model (SEM). The object of this research is female students in Surabaya who have an investment gallery on their campus. This study focuses on the female gender because in the last four years female investors have experienced a significant increase compared to male investors, even though the level of financial knowledge of women is lower than that of men. The results of this study indicate that financial literacy, overconfidence, herding, risk tolerance and risk perception have a positive effect on investment decisions. The results of this research can help the Investment Gallery as an institution to conduct socialization frequently such as financial understanding, the benefits of investing, how to anticipate risks for investment so that an understanding of investment can be comprehensive and can attract new potential investors later.

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Pengaruh Financial Literacy, Financial Knowledge, Financial Attitude, Income dan Financial Self Efficacy terhadap Financial Management Behavior Entrepreneur Lulusan Perguruan Tinggi di Surabaya

Jurnal Ilmu Manajemen ◽

10.26740/jim.v9n2.p572-586 ◽

2021 ◽

Vol 9 (2) ◽

pp. 572

Author(s):

Anglia Dinda Pramedi ◽

Nadia Asandimitra Haryono

Keyword(s):

Financial Literacy ◽

Financial Management ◽

Self Efficacy ◽

Structural Equation ◽

Sampling Technique ◽

Financial Knowledge ◽

Primary Data ◽

Snowball Sampling ◽

Online Questionnaire ◽

Management Behavior

Finance is one of the factors in the development of a business. Therefore, the entrepreneur should be able to handle finances well to reach business purposes. Based on the previous studies, the purpose of this research is to determine the effect of several factors such as financial literacy, financial knowledge, financial attitude, income, and financial self-efficacy on financial management behavior. The research sample is 211 entrepreneur who has graduated from college in Surabaya. This research used conclusive causality research with primary data. The sampling technique used purposive sampling and snowball sampling method, and data distribution using an online questionnaire. SEM (Structural Equation Model) used for data analysis technique and using AMOS 24. The hypothesis showed that financial knowledge, income, and financial self-efficacy did not affect financial management behavior, but financial literacy and financial attitude influence financial management behavior. Therefore, the entrepreneur needs to improve financial literacy and financial attitude to manage finance on the business better.

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AN ANALYSIS OF PERSONAL FINANCIAL LITERACY AMONG ADULTS IN VHEMBE DISTRICT, A RURAL MUNICIPALITY IN SOUTH AFRICA

Eurasian Journal of Economics and Finance ◽

10.15604/ejef.2021.09.01.005 ◽

2021 ◽

Vol 9 (1) ◽

pp. 55-66

Author(s):

Adam Ndou ◽

◽

Sam Ngwenya ◽

Keyword(s):

South Africa ◽

Low Income ◽

Financial Literacy ◽

Financial Services ◽

Financial Management ◽

Quantitative Research ◽

Well Being ◽

Primary Data ◽

Research Approach ◽

Vhembe District

Consumers in rural and low-income areas are the most financially vulnerable and are facing challenges with their finances and depend mostly on unsecured loans to finance their daily expenses. This has been exacerbated by global financial crises, which left many consumers in financial strains. The purpose of this paper is to measure the level of financial literacy focusing on the areas of day-to-day money management, financial planning, choosing appropriate financial services and products, and financial knowledge and understanding. The quantitative research approach was used to collect primary data among adults in Vhembe District Municipality (VDM), a rural and low-income municipality in South Africa. Primary data were analyzed through descriptive statistics. The results indicate that the level of financial literacy among adults in VDM is low at 38.73%. The low levels of financial literacy have serious consequences for an adult’s personal financial management skills and lead to their inability to make correct financial decisions. It is apparent that an individual’s level of financial literacy has become important in how individuals manage their finances in today’s complicated financial world. The paper concludes by suggesting interventions that could help adults to improve their level of financial literacy, manage and sustain their financial well-being.

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A MODEL FOR PERSONAL FINANCIAL PLANNING TOWARDS RETIREMENT

Journal of Business Economics and Management ◽

10.3846/jbem.2020.13978 ◽

2020 ◽

Vol 0 (0) ◽

pp. 1-21

Author(s):

Teresa C. Herrador-Alcaide ◽

Montserrat Hernández-Solís ◽

Gabriela Topa

Keyword(s):

Financial Literacy ◽

Financial Planning ◽

Financial Management ◽

Structural Equation ◽

Financial Risk ◽

Management Practices ◽

Equation Model ◽

Financial Resources ◽

Explanatory Variables ◽

Personal Financial Planning

One problem for sustainability of systems pensions is how people without specialized financial training could manage their resources and their actual personal intentions towards retirement. Research objective is to analyse the relationship among several factors that affect the behaviour towards retirement, the financial management practices and the financial resources, by carrying out a structural equation model (SEM) that was tested in Spanish workers sample in three phases. The influence of financial literacy, financial retirement objectives, optimism on retirement, tolerance to financial risk, and the commitment to financial planning at time 1, are analysed as explanatory variables of financial management practices at time 2. Financial resources for retirement at time 3 are explained by financial management practices. According to results, the model can predict the 36% of the variance of financial management practices and 53% of the variance of financial resources for retirement. Thus, the model can be used for checking of knowledge of the personal financial behaviour before retirement, what enables a better personal financial planning. It would be possible to apply a model based on self-assessment in order to implement a complementary financial planning that would allow to maintain the welfare during retirement.

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Peran Mediasi Locus of Control pada Perilaku Keuangan

MANAJERIAL ◽

10.30587/manajerial.v6i2.1045 ◽

2019 ◽

Vol 6 (2) ◽

pp. 64

Author(s):

Asep Saepuloh ◽

Sukaris Sukaris

Keyword(s):

Locus Of Control ◽

Financial Literacy ◽

Financial Management ◽

Structural Equation ◽

Financial Knowledge ◽

Equation Modeling ◽

Management Behavior ◽

Financial Attitudes ◽

Mediating Role ◽

Analysis Technique

Financial problems for the next five to ten years are spending greater than income, increasing loans, and not being able to have a place to live because income and housing installment costs are not balanced, on the other hand Indonesian people's awareness of the importance of financial literacy is currently low. The purpose of this study was to determine the mediating role of the locus of control between financial knowledge, financial attitudes towards financial management behavior. The sample used was 100 respondents, the analysis technique used was structural equation modeling with WarpPLS. The results show that internal and external locus of control variables are not mediating variables between financial knowledge, financial attitudes towards financial management behavior.

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An integrated model of financial well-being: The role of financial behavior

Accounting ◽

10.5267/j.ac.2020.12.007 ◽

2021 ◽

pp. 691-700 ◽

Cited By ~ 1

Author(s):

Rr. Iramani ◽

Lutfi Lutfi

Keyword(s):

Marital Status ◽

Financial Literacy ◽

Structural Equation ◽

Online Survey ◽

Well Being ◽

Equation Model ◽

Financial Knowledge ◽

Financial Behavior ◽

Financial Status ◽

The Government

One of the main goals of every individual or household is to achieve financial well-being. Previous research has shown that various factors influence financial well-being. This research aims to develop an integrated family financial welfare model by examining various factors that affect it. This study uses data of 1,158 households taken using an online survey. The data is analyzed using a structural equation model. The results show that financial experience, financial knowledge, financial status, and marital status directly affect financial well-being. Financial behavior significantly mediates the influence of financial behavior, financial knowledge, and locus of control on financial well-being. Furthermore, marital status strengthens the effect of financial knowledge on financial well-being, but it does not strengthen the effect of financial experience on financial well-being. This study suggests that the Government and financial authorities need to improve further the effectiveness of financial literacy and financial inclusion programs and campaign for a more frugal life among households to avoid financial difficulties.

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PENGARUH LITERASI KEUANGAN TERHADAP PERILAKU PENGELOLAAN KEUANGAN MAHASISWA PROGRAM STUDI PENDIDIKAN EKONOMI

JURKAMI Jurnal Pendidikan Ekonomi ◽

10.31932/jpe.v6i1.1150 ◽

2021 ◽

Vol 6 (1) ◽

pp. 43-53

Author(s):

Silviana Veriwati ◽

Dessy Triana Relita ◽

Emilia Dewiwati Pelipa

Keyword(s):

Financial Literacy ◽

Financial Management ◽

Quantitative Research ◽

Descriptive Analysis ◽

Sampling Technique ◽

Economic Education ◽

Economic Study ◽

Validity And Reliability ◽

Management Behavior ◽

Study Program

This study aims to determine the effect of financial literacy on the financial management behavior of students in economic study programs. Tehe research is a quantitative research. The population in this study were 106 students of the economic study program STKIP Persada Khatulistiwa Sintang. The number of sampel of this study were 84 respondents, the sampling technique used was random usig the Slovin formula. First, data analysis was done by looking for validity and reliability, descriptive analysis test, contribution test, and classical assumption test. The data obtained were processed with the SPSS version 18 program. The results showed that financial literacy had an effect on the financial management behavior of students in the economic education study program of STKIP Persada Khatulistiwa Sintang, with the results of the t test, the t count was 5,119 greater than (>) t table 1.988 and the value os Sig. 0.000 < 0.05

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FINANCIAL LITERACY, MONEY ATTITUDE, DAN FINANCIAL MANAGEMENT BEHAVIOR GENERASI MILENIAL

Jurnal Muara Ilmu Ekonomi dan Bisnis ◽

10.24912/jmieb.v4i2.9144 ◽

2020 ◽

Vol 4 (2) ◽

pp. 406

Author(s):

Ida Ida ◽

Sri Zaniarti ◽

Graciela Ervina Wijaya

Keyword(s):

Financial Literacy ◽

Financial Management ◽

Millennial Generation ◽

Sampling Technique ◽

University Education ◽

Management Behavior ◽

Purposive Sampling ◽

Technological Developments ◽

Money Attitude ◽

Consumptive Behavior

Perkembangan teknologi dan gaya hidup generasi milenial mendorong perilaku konsumtif sehingga pentingya mengetahui faktor- faktor yang memengaruhi financial management behavior generasi milenial agar tidak terjebak pada masalah keuangan. Penelitian ini mempunyai tujuan untuk menguji pengaruh financial literacy dan money attitude dari dimensi power prestige dan anxiety terhadap financial management behavior pada generasi millenial yang tinggal di Bandung. Teknik pengambilan sampel dengan metode sampling non-probability yaitu teknik purposive sampling. Sampel berjumlah 1.120 responden yang mayoritas adalah perempuan dan berpendidikan perguruan tinggi. Dari hasil pengujian menggunakan analisis regresi berganda menunjukkan financial literacy dan money attitude dari dimensi power prestige mempunyai pengaruh yang signifikan terhadap financial management behavior sedangkan money attitude-anxiety tidak mempunyai pengaruh terhadap financial management behavior pada generasi millenial yang tinggal di Bandung. Penelitian ini menyarankan peningkatan financial literacy dan money attitude- Power-prestige bagi generasi milenial, adanya kurikulum pendidikan mengenai literasi keuangan, dan bagi peneliti selanjutnya dapat melakukan penelitian bagi generasi milenial di luar kota Bandung serta meneliti faktor- faktor lain yang memengaruhi financial management behavior. Technological developments and the lifestyle of the millennial generation encourage consumptive behavior, so it is important to know the factoes that influence the financial management behavior of the millennial generation so that they are not trapped in financial problems. The purpose of this study was to empirically examine the effect of financial literacy and money attitude form the dimensions of power prestige and anxiety on financial management behavior in the millennial generation living in Bandung. This study uses a non-probability sampling method with a purposive sampling technique. The sample consisted of 1,120 respondents, the majority of whom were women and had university education. From the test results using multiple regression analysis shows that financial literacy and money attitude from the power prestige dimension have a significant effect on financial management behavior, while money attitude from the anxiety dimension has no effect on financial management behavior in the millennial generation who live in Bandung. in Bandung. This study suggests an increase in financial literacy and money attitude from the Power-prestige dimension for the millennial generation, the existence of an educational curriculum regarding financial literacy, and for further researchers to conduct research for millennials outside Bandung and examine other factors that influence financial management behavior.

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Financial Literacy among the Millennial Generation: Relationships between Knowledge, Skills, Attitude, and Behavior

Australasian Accounting Business and Finance Journal ◽

10.14453/aabfj.v14i4.3 ◽

2020 ◽

Vol 14 (4) ◽

pp. 24-37

Author(s):

Vera Dewi ◽

Erie Febrian ◽

Nury Effendi ◽

Mokhamad Anwar

Keyword(s):

Financial Literacy ◽

Financial Management ◽

Millennial Generation ◽

Financial Knowledge ◽

Financial Behavior ◽

Multiple Choice Questions ◽

Management Behavior ◽

Significant Relationships ◽

Chi Squared ◽

And Behavior

This study aims to determine the level of financial literacy among the millennial generation and to examine the correlation of their financial knowledge, financial attitude, and financial skills with their financial behavior. Multiple choice questions were used to measure financial knowledge with results grouped into three categories: low, moderate, and high. Financial attitude, financial skills, and financial behavior were also grouped using the quartile method into three categories: poor, fair, and good. Chi-squared analysis was used to test the hypotheses, with correspondence analysis conducted to identify the characteristics of the millennial generation and to graphically illustrate the gap. Regarding financial attitude, financial skills, and financial behavior, the proportions of respondents in the 'fair' category, were 70.6%, 66.5%, and 72.2%, respectively. Significant relationships were found not only between financial attitude and financial management behavior, but also between financial skills and financial management behavior. However, the relationship was not significant between financial knowledge and financial behavior.

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