THE EFFECT OF FINANCIAL LITERACY, INCOME, AND SELF-CONTROL ON FINANCIAL MANAGEMENT BEHAVIOUR IN STUDENTS
Keywords:
financial literacy, income, self control, financial management behaviour
Abstract
Financial management is a skill that students should have in their lives. As a result, students should have an income, attend university finance classes, balance income and spending, comprehend the many sorts of financial activities, practice self-control over financial expenditures, and manage personal money. This study aims to examine the impact of financial literacy income, and self-control on student financial management behaviour. This is an associative quantitative study. Measurement of variables through a Likert scale. The population studied was the 2018 and 2019 Accounting Education Study Program students, totalling 117 students. The number of samples was determined using the Slovin formula for 91 students. The sampling approach employing the Non-Probability Sampling technique in conjunction with the Purposive Sampling technique. Techniques for collecting data using online surveys. This study report concludes that financial literacy, income, and self-control all substantially affect students' money management behaviour.
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References
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Putra, A., Handayani, S., &; Pambudi, A. (2013). Self-control behaviour in personal financial management behaviour is based on the theory of planned behaviour using a partial least square approach. JP FEB Unsoed, 3(1), 309–314.
Rachmawati, N., &; Nuryana, I. (2020). The Role of Financial Literacy in Mediating the Influence of Financial Attitudes, and Peers on Financial Management Behaviour. Economic Education Analysis, 9(1), 18-23166–23181. https://doi.org/10.15294/eeaj.v9i1.37246
Rahma, F. A., &; Susanti. (2022). The Effect of Financial Literacy, Financial Self Efficacy and Fintech Payment on Student Personal Financial Management. Educational: Journal of Educational Sciences, 4(3), 3236–3247.
Rizkiawati, N. L., &; Asandimitra, N. (2018). The influence of demographics, financial knowledge, financial attitude, locus of control and financial self-efficacy on financial management behaviour of the people of Surabaya. Journal of Management Science (JIM), 6(3), 93–107.
Sampoerno, A. E., &; Haryono, N. A. (2021). The Effect of Financial Literacy, Income, Hedonism Lifestyle, Self-Control, and Risk Tolerance on Financial Management Behaviour in the Millennial Generation of Surabaya City. Journal of Management Science, 9(3), 1002–1014. https://doi.org/10.26740/jim.v9n3.p1002-1014
Strömbäck, C., Lind, T., Skagerlund, K., Västfjäll, D., &; Tinghög, G. (2017). Does self-control predict financial behaviour and financial well-being? Journal of Behavioural and Experimental Finance, 14, 30–38. https://doi.org/10.1016/j.jbef.2017.04.002
Sundarasen, D. S., Rahman, M. S., & Danaraj, J. (2016). Impact of Financial Literacy, Financial Socialization Agents, and Parental Norms on Money Management. Journal of Business Studies Quarterly, 8(1), 140–156.
Waty, N. Q., Triwahyuningtyas, N., &; Warman, E. (2021). Analysis of Student Financial Management Behaviour During the Covid-19 Pandemic. Proceedings of the National Research Conference on Economics, Management, and Accounting., 2(3), 477–495.
Arifa, J. S. N., & Setiyani, R. (2020). The Effect of Financial Education on Family, Income, and Financial Literacy on Financial Management Behaviour through Financial Self-Efficiency as a Mediation Variable. Economic Education Analysis Journal, 9(2), 552–568. https://doi.org/10.15294/eeaj.v9i2.39431
Arifin, A. Z. (2017). The influence of financial knowledge, control and income on individual financial behaviour. European Research Studies Journal, 20(3), 635–648.
Asih, S. W., &; Khafid, M. (2020). The Effect of Financial Knowledge, Financial Attitude and Income on Personal Financial Management Behaviour through Locus Of Control as an Intervening Variable. Ekonomic Education Analysis, 9(3), 748–767. https://doi.org/10.15294/eeaj.v9i1.42349
Asmin, E. A., Ali, M., Nohong, M., &; Mardiana, R. (2021). The Effect of Financial Attitude, Financial Knowledge, and Income on Financial Management Behaviour. Golden Ratio of Finance Management, 1(1), 15–26. https://doi.org/10.52970/grfm.v1i1.59
Bamforth, J., Jebarajakirthy, C., &; Geursen, G. (2018). Understanding undergraduates' money management behaviour: a study beyond financial literacy. International Journal of Bank Marketing, 36(7), 1285–1310. https://doi.org/10.1108/IJBM-05-2017-0104
Banthia, D., &; Dey, S. K. (2022). Impact of Financial Knowledge, Financial Attitude and Financial Behaviour on Financial Literacy: Structural Equitation Modeling Approach. Universal Journal of Accounting and Finance, 10(1), 327–337. https://doi.org/10.13189/ujaf.2022.100133
Budiono, E. (2020). Analysis of Financial Knowledge, Financial Attitude, Income, Locus of Control, Financial Management Behaviour of the People of Kediri City. Journal of Management Science, 8(1), 284–295.
Dwinta, I. and C. Y. (2010). The Effect of Locus of Control, Financial Knowledge, Income on Financial Management Behaviour. Journal of Business and Accounting, 12(3), 131–144.
Hikmah, M., Worokinasih, S., &; Damayanti, C. R. (2020). FINANCIAL MANAGEMENT BEHAVIOUR: THE RELATIONSHIP BETWEEN SELF-EFFICACY, SELF-CONTROL, AND COMPULSIVE BUYING. Profit: Journal of Business Administration, 151–163.
Khaddafi, M., Aryani, R. A., &; Heikal, M. (2021). the Effect of Financial Knowledge and Personal Net Income on the Financial Behaviour of Malikussaleh University Employees With Locus of Control As Moderating Variables. International Journal of Economic, Business, Accounting, Agriculture Management and Sharia Administration (IJEBAS), 1(1), 1–13. https://doi.org/10.54443/ijebas.v1i1.1
Khoirunnisa, I. R., &; Rochmawati, R. (2021). The Effect of Financial Literacy, Financial Attitudes, and Family Financial Education on Personal Financial Management with Locus Of Control As An Intervening Variable. Journal of Accounting Education (JPAK), 9(2), 210–219. https://doi.org/10.26740/jpak.v9n2.p210-219
Komaria, N. (2020). The Influence Of Financial Attitude, Financial Knowledge, And Personal Income On Personal Financial Management Behaviour In Millennial Generation Employees Pt. Petrokimia Gresik. Journal of Chemical Information and Modeling, 53(9), 1689–1699.
Masdupi, E., Rasyid, R., &; Rahmiati. (2020). Financial Management Behaviour at Productive Age Community in Bukittinggi. Advances in Economics, Business and Management Research, 124, 673–681. https://doi.org/10.2991/aebmr.k.200305.133
Muchamad Aliffarizani. (2015). THE INFLUENCE OF SELF-CONTROL, FINANCIAL KNOWLEDGE AND MATERIALISM VALUES ON THE FINANCIAL MANAGEMENT BEHAVIOUR OF PUBLIC HIGH SCHOOL TEACHERS IN GRESIK. STIE Perbanas Surabaya, April, 5–24.
Novianti, S., Tanjung, A. R., &; Darlis, E. (2016). THE EFFECT OF LOCUS OF CONTROL, FINANCIAL KNOWLEDGE, INCOME ON FINANCIAL MANAGEMENT BEHAVIOUR. Economy, 24(3), 141–152. http://etd.lib.metu.edu.tr/upload/12620012/index.pdf
Ojk.go.id. (2021). Indonesia's National Financial Literacy Strategy (SNLKI) 2021 - 2025. Ojk.Go.Id.
Prihartono, M. R. D., &; Asandimitra, N. (2018). Analysis Factors Influencing Financial Management Behaviour. International Journal of Academic Research in Business and Social Sciences, 8(8), 308–326. https://doi.org/10.6007/ijarbss/v8-i8/4471
Purwanti. (2021). The influence of financial knowledge, financial attitude, perception of convenience, socio-demographic use of digital wallet funds on financial management behaviour (Empirical study of student consumers at Pelita Bangsa). Journal of Competitiveness, 7(1), 57–64. https://www.ejournal.kompetif.com/index.php/dayasaing/article/view/554
Putra, A., Handayani, S., &; Pambudi, A. (2013). Self-control behaviour in personal financial management behaviour is based on the theory of planned behaviour using a partial least square approach. JP FEB Unsoed, 3(1), 309–314.
Rachmawati, N., &; Nuryana, I. (2020). The Role of Financial Literacy in Mediating the Influence of Financial Attitudes, and Peers on Financial Management Behaviour. Economic Education Analysis, 9(1), 18-23166–23181. https://doi.org/10.15294/eeaj.v9i1.37246
Rahma, F. A., &; Susanti. (2022). The Effect of Financial Literacy, Financial Self Efficacy and Fintech Payment on Student Personal Financial Management. Educational: Journal of Educational Sciences, 4(3), 3236–3247.
Rizkiawati, N. L., &; Asandimitra, N. (2018). The influence of demographics, financial knowledge, financial attitude, locus of control and financial self-efficacy on financial management behaviour of the people of Surabaya. Journal of Management Science (JIM), 6(3), 93–107.
Sampoerno, A. E., &; Haryono, N. A. (2021). The Effect of Financial Literacy, Income, Hedonism Lifestyle, Self-Control, and Risk Tolerance on Financial Management Behaviour in the Millennial Generation of Surabaya City. Journal of Management Science, 9(3), 1002–1014. https://doi.org/10.26740/jim.v9n3.p1002-1014
Strömbäck, C., Lind, T., Skagerlund, K., Västfjäll, D., &; Tinghög, G. (2017). Does self-control predict financial behaviour and financial well-being? Journal of Behavioural and Experimental Finance, 14, 30–38. https://doi.org/10.1016/j.jbef.2017.04.002
Sundarasen, D. S., Rahman, M. S., & Danaraj, J. (2016). Impact of Financial Literacy, Financial Socialization Agents, and Parental Norms on Money Management. Journal of Business Studies Quarterly, 8(1), 140–156.
Waty, N. Q., Triwahyuningtyas, N., &; Warman, E. (2021). Analysis of Student Financial Management Behaviour During the Covid-19 Pandemic. Proceedings of the National Research Conference on Economics, Management, and Accounting., 2(3), 477–495.
Published
2023-04-14
How to Cite
Kusuma Septiarum, A. F., & Susanti, S. (2023). THE EFFECT OF FINANCIAL LITERACY, INCOME, AND SELF-CONTROL ON FINANCIAL MANAGEMENT BEHAVIOUR IN STUDENTS. Jurnal Scientia, 12(02), 1196-1203. https://doi.org/10.58471/scientia.v12i02.1326
