The Influence of Financial Literacy and Lifestyle on Financial Management Behavior Mediated by Locus of Control in College Students in Bandung City

Sherlly Sukma Mulia Putri; Ferikawita Magdalena Sembiring

doi:10.55681/economina.v5i8.3677

Authors

Sherlly Sukma Mulia Putri Universitas Jendral Achmad Yani, Indonesia
Ferikawita Magdalena Sembiring Universitas Jendral Achmad Yani, Indonesia

DOI:

https://doi.org/10.55681/economina.v5i8.3677

Keywords:

Finansial Literacy, Financial Management, Behavior, Lifestyle, Locus of Control, SEM-PLS

Abstract

Many college students still struggle with managing their money. Even though their costs are going up and they tend to spend more, some students do not handle their finances well. This situation is thought to be affected by money knowledge, personal habits, and how people feel about their control over what happens to them. This study looks at how financial knowledge and everyday habits affect how college students in Bandung handle their money. It also examines how their beliefs about being able to control their financial situation impact this. This study employs a quantitative method by gathering information through surveys. The study focused on college students in Bandung, from whom 160 were chosen through purposive sampling. Information was gathered using an online survey and then examined with a method called SEM, which uses PLS. The results showed that knowing a lot about money helps people take care of their finances better. Lifestyle choices slightly affected how people handle their money. Understanding money well helps people feel more in control of their lives. On the other hand, certain lifestyle choices can make them feel less in control. Feeling in control of what you do helps people manage their money better. Studies show that feeling in control of their lives is important for how students in Bandung use their financial knowledge and daily habits to manage their money. This shows that we need to not only teach students money skills but also help them learn how to control themselves better.

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