The Effect of Financial Literacy, Financial Inclusion and Financial Attitude on Saving Behavior with Self Control as Moderation: Study on Households in Cingkes Village, Dolok Silau District, Simalungun Regency (original) (raw)

The Impact of Financial Literacy and Financial Inclusion towards the Saving Behavior of the Students

MIX: JURNAL ILMIAH MANAJEMEN

Objectives: The purpose of this study was to assess and analyze the impact of Financial Literacy and Financial Inclusion on Saving Behavior using Self-Control as a moderator variable at the Department of Accounting, Faculty of Economics and Business, Private Islamic University in Medan City.Methodology: This study takes an associative method. This survey included 3747 students from the Department of Accounting, Faculty of Economics and Business, Private Islamic University in Medan City. The Slovin algorithm was used to sample 97 students from the Department of Accounting, Faculty of Economics and Business, Private Islamic University in Medan City. Data for this study were gathered through observation and questionnaires. This study's data processing processes used a quantitative approach with statistical analysis using the PLS (Partial Least Square) software tool.Findings: The findings of this study show that financial literacy and financial inclusion have a significant effect on...

The Effect of Financial Literacy, Income and Self Control on Financial Behavior Generation Z (Study on Generation Z Financial Behavior in Bekasi Regency)

Economic Education Analysis Journal

Financial behavior is an important thing to pay attention to, with good financial behavior a person will beable to meet his needs both from the short and long term. The purpose of this study was to determine and analyze the effect of financial literacy, income and self-control on thelimited financial behavior of generation Z. The population of this study is generation Z in Bekasi Regency. This studyused quantitative research with data collection techniques using questionnaires. The sampling technique in this study is by using urposive sampling techniques, so that the number of samples inthis study was 100 respondents. And the technique of data analysis inthis research is using Structural Equation Modelling (SEM) withthe help of SmartPLS version 4.0 for windows. The results of this study found that financial liability variables have a negative and insignificant effect on financial behavior in generation Z in Bekasi Regency, income variables have a positive and significant effec...

The Influence of Financial Literacy Towards Financial Behavior and its Implication on Financial Decisions: A survey of President University Students in Cikarang - Bekasi

2017

Financial literacy consists of financial knowledge, financial attitudes, and financial behavior. To be financially literate is important in order to make a good financial decision. Young adult especially college students are facing tough financial decision in today’s demanding financial environment which will affect their financial behavior. This research objective is to find out the influence of financial literacy on financial behavior and how financial behavior influences on financial decision among college students. The research applied quantitative method with 337 samples as respondents taken from President University students. This research applied convenience sampling technique. The results of this research show that there’s a significant relation between financial literacy to financial behavior and from financial behavior to financial decision. Since parents are the first people for the children, they should give good understanding about financial matter towards their childre...

The Effect of Financial Literacy on Financial Management Behavior in the Community of Kupang

Global Conference on Business and Management Proceedings, 2022

This study aims to determine the effect of financial literacy on financial management behavior in Kupang community. The population in this study is people who lived in Kupang city and the sample used in this study amounted to 143 respondents. The data in this study were collected through distributing questionnaires. The data analysis was performed using the Partial Least Square (PLS) method. The results indicate that financial literacy has a significant effect on financial management behavior in the Kupang community. The limitation of this study is only focused on respondents who are over 20 years old. The contribution of this research is the public can be aware of knowing the importance of having good financial management behavior.

The Effects of Social Influence and Financial Literacy on Savings Behavior: A Study on Students of Higher Learning Institutions in Kota Kinabalu, Sabah

Economists generally believe that higher savings will spur economic growth, thus strengthening the economy further. In Malaysia however, the sharp increase in the ratio of household debt to disposable income particularly over the past ten years has raised doubts on the ability of Malaysians to save and plan for their future. As a result, total household savings remained low and there is high risk that Malaysians would not have sufficient savings for their retirement. Even more worrying is that young adults reportedly are the main group who are trapped into this financial difficulty. The issue has raised concern on the needs to educate young Malaysian adults on the fundamental importance of savings in order to ensure financial sufficiency on their retirement. With regards to savings behavior, the needs for savings are different amongst individuals due to different mind-set, behavior, knowledge, and social environment. This study intends to explore the savings behavior amongst students of higher learning institutions in Kota Kinabalu, Sabah. Specifically, the study intends: (i) to investigate the determinants of savings behavior; and, (ii) to examine the mediating effect of attitude towards the relationship between financial literacy and savings behavior. Data was collected using structured questionnaire and analyzed using SMART-PLS, a second generation structural equation modelling software. The results indicate that family involvement plays a major role in nurturing students' savings behavior, followed by financial literacy and peer influence. In addition, students are said to have more favorable financial attitude when they are financially literate. Financial attitude however, does not mediate the relationship between financial literacy and savings behavior. This research is expected to contribute to the body of knowledge within the financial wellness and personal financial planning context.

The Effect of Financial Literacy on Malang District Society’s Financial Behavior

Indonesian Management and Accounting Research, 2021

This study aims to analyze the effect of financial literacy on financial behavior in the community in Malang district. The design and approach used is the mix method. The data used in this study are primary in the form of literacy and financial behavior of the public, and secondary data in the form of financial institution information in the Malang Regency. Samples of farmers in 33 districts were selected using Multi Stage Random Sampling. Data was collected by observing, interviewing and distributing questionnaires. The result showed that the interaction between financial literacy and finance house significantly affects financial behavior. Financial literacy is to have the ability and knowledge of concept and risk, and skill to make more effective decision in finance individually, in a family, and in society. The finance house would help the society to know how to come into decision in managing their finance. It would change the society’s behavior from having lack of knowledge, abi...

The influence of financial literacy and financial attitudes on consumptive behavior mediated by financial behavior in residents of Sidoarjo City, Indonesia

New Applied Studies in Management, Economics & Accounting, 2023

The objective of this study is to investigate the impact of financial literacy and financial attitudes on consumptive behavior, with financial behavior acting as a mediating factor among residents of Sidoarjo, Indonesia. The research was conducted using a quantitative approach, and data collection was done through a questionnaire administered via Google Form. The study included a sample of 96 respondents, determined using the Lemeshow formula due to the unknown population size. The data was analyzed using the SmartPLS-3 software, applying the structural equation modeling (SEM) technique. The findings of this study reveal several significant outcomes. Firstly, financial literacy is found to have a direct significant influence on both consumptive behavior and financial behavior. Secondly, financial attitudes also have a direct significant impact on consumptive behavior and financial behavior. However, it is observed that financial behavior does not have a significant effect on consumptive behavior. Furthermore, the study concludes that financial behavior does not act as a mediating factor in the relationship between financial literacy and financial attitudes on consumer behavior. Overall, this research contributes to the existing knowledge by providing insights into the interplay between the discussed variables.

The Influence of Financial Literacy and Financial Inclusion on Saving and Investment Behaviour for Millennial Generation in DKI Jakarta

TIJAB (The International Journal of Applied Business)

Background: In 2019, financial literacy level in Indonesia was only 38,03%, while the financial inclusion rate was 76,19%. Financial literacy and inclusion levels related to saving that are identical to the banking sector have the highest values, with 36,12% and 73,88%, while investment in capital market has the second lowest values, at 4,92% and 1,55%. However, the ratio of gross savings to gross domestic product in Indonesia was reported only at 31,01%, while several other Asian countries reached more than 40%. Objective: This study aims to measure the level of financial literacy and inclusion of millennial generations in DKI Jakarta. It analyses the influence of financial literacy and inclusion on saving and investment behaviour, the influence of financial literacy on financial inclusion, and the influence of saving behaviour on investment behaviour. Method: The data analysis used descriptive and SEM-PLS analyses. Results: The results show that the financial literacy rates and th...

The Effect of Financial Literacy and Self-Control on the Consumptive Behavior of State Senior High School Students in East Jakarta

Transekonomika: Akuntansi, Bisnis dan Keuangan

This research with a quantitative approach aims to describe the direct and indirect effects of financial literacy on self-control and consumptive behavior, as well as the role of self-control as a mediating variable between the influence of financial literacy and consumptive behavior. The population in this study were SMA Negeri students in East Jakarta, with a total of 285 students being the sample, which was determined by a proportionate random sampling technique. Data was obtained using a questionnaire distributed through Google Form, then analyzed using path analysis with the help of IBM SPSS Version 25 software. The results showed that: (1) There is a direct influence of financial literacy on consumptive behavior; (2) There is a direct influence of self-control on consumptive behavior; (3) There is a direct influence of financial literacy on self-control; and (4) Self-control is able to mediate the effect of financial literacy on the consumptive behavior of State Senior High Sc...

Financial Literacy, Financial Attitude, and Household Financial Behavior

Jurnal Maksipreneur: Manajemen, Koperasi, dan Entrepreneurship

Household financial behavior is a crucial topic to study because it determines the family's economic well-being. This study examines the effect of financial literacy, financial attitudes, financial experience, and income on household financial behavior. The object of this research is the family finance manager in Sidoarjo City, East Java. The data collection technique is using an online survey. Sample selection was done by using the purposive sampling technique. The sample of this research is 153 financial managers. The data analysis technique used the Partial Least Square Structural Equation Model (PLS_SEM). The results indicate that financial literacy and attitudes positively affect household financial behavior, while financial experience and income have no significant effect. This finding implies that financial policymakers should increase public financial literacy and attitude toward managing family finances.