INFLUENCE OF FINANCIAL LITERACY, FINANCIAL ATTITUDE, AND SAVINGS MOTIVATION ON FINANCIAL MANAGEMENT BEHAVIOR AMONG MILLENIAL UNIVERSITY STUDENTS
Abstrak
Introduction/Main Objectives: This study aims to analyze the influence of financial literacy, financial attitude, and savings motivation on financial management behavior among millennial university students.. Background Problems : Millennials navigate a financial landscape shaped by digital evolution and economic challenges, marked by low financial literacy, impacting attitudes towards money and savings motivations, crucial for managing complex financial behaviors and options. Novelty : Financial Literacy, Attitude, and Motivation as Architects of Millennial Financial Management Behavior in Higher Education. Research methods: This research was carried out on financial management actors or implementers specifically for students at the Faculty of Economics, Slamet Riyadi University, Surakarta. the data analysis applied multiple linear regression analysis, F-test, t-test, and coefficient of determination. Finding/ Results : The findings indicate that financial literacy significantly affects financial management behavior, financial attitude has a significant influence on financial management behavior, and saving motivations also has a significant role in shaping financial management behavior among millennial university students. Conclusion: this research provides insights into the effectiveness of different strategies in promoting financial well-being among millennials, thereby informing policymakers, educators, and financial institutions in designing more tailored and effective financial literacy initiatives for this demographic group.Referensi
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Rahmawati, S. D., & Putra, F. I. F. S. (2022a). Faktor Determinasi Nilai Perusahaan Manufaktur Subsektor Foods and Beverages Yang Terdapat Di Bei Tahun 2019. Jmdb, 1(1), 40–50.
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Robinson, D. (2024). Minority entrepreneurs and start-up financing. Global Business and Organizational Excellence, 43(3), 61 – 71. https://doi.org/10.1002/joe.22239
Şencal, H. (2021). An Analysis of Institutionalization of Societal Relationships from the Perspective of Islamic Economics; [Toplumsal İlişkilerin Kurumsallaşmasının İslam Ekonomisi Açısından Analizi]. Cumhuriyet Ilahiyat Dergisi, 25(2), 661 – 677. https://doi.org/10.18505/cuid.973750
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Sholahuddin, M., Wiyadi, W., Abas, N. I., Rahmawati, S. D., & Rahmawati, R. Y. (2024). Strategi Digital Marketing untuk Peningkatan Usaha UMKM Binaan PCIM Malaysia. Innovative: Journal Of Social Science Research, 4(1), 4147–4161.
Susilo, D., Wahyudi, S., & Pangestuti, I. R. D. (2020). Profitability determinants of manufacturing firms in Indonesia. International Journal of Economics and Business Administration, 8(2), 53–64. https://doi.org/10.35808/ijeba/443
Syed Yusuf, S. N., Sanawi, N. H., Ghani, E. K., Muhammad, R., Daud, D., & Kasim, E. S. (2024). Examining technology improvement, procedural application and governance on the effectiveness zakat distribution. International Journal of Ethics and Systems, 40(1), 103–126. https://doi.org/10.1108/IJOES-02-2022-0031
Verawati, Y., Nyoman Resa Adhika, I., & Wayan Gede Antok Setiawan Jodi, I. (2021). The Effectiveness of Accounting Information Systems on Save and Loan Cooperatives in Tabanan District. Journal of Management Information and Decision Sciences, 24, 1 – 11. https://www.scopus.com/inward/record.uri?eid=2-s2.0-85110578167&partnerID=40&md5=6115768ac3249f657bb74df1cdf07895
Wahyuningsih, I., & Nurzaman, M. S. (2020). Islamic Financial Instruments and Economic Growth; An Evidence from Indonesia. 2020 6th IEEE International Conference on Information Management, ICIM 2020, 46 – 50. https://doi.org/10.1109/ICIM49319.2020.244668
Wang, Y., Xia, T., Xu, Y., Ding, Y., Zheng, M., Pan, E., & Xi, L. (2024). Joint optimization of flexible job shop scheduling and preventive maintenance under high-frequency production switching. International Journal of Production Economics, 269. https://doi.org/10.1016/j.ijpe.2024.109163
Wei, X., Gai, Q., & Shi, Q. (2024). Household grain storage decision in a transitory economy: Market liberalization and off-farm employment. Review of Development Economics, 28(2), 574 – 599. https://doi.org/10.1111/rode.13068
Yilmaz, E. G. (2024). What Is the Level of Savings Needed for High-Technology Export Led Growth? Ekonomika, 103(1), 127 – 144. https://doi.org/10.15388/Ekon.2024.103.1.8
Zakpaa, J., & Dana, L.-P. (2024). Multivariate analysis of ethnic migrants’ entrepreneurial motivation in Ghana. International Journal of Business and Globalisation, 36(4), 469 – 521. https://doi.org/10.1504/IJBG.2024.138020
Chen, J., Tian, Y., Chan, F. T. S., Tang, H., & Che, P. H. (2024). Pricing, greening, and recycling decisions of capital-constrained closed-loop supply chain with government subsidies under financing strategies. Journal of Cleaner Production, 438. https://doi.org/10.1016/j.jclepro.2024.140797
Clubbs, B. H., Gray, N., & Madlock, P. (2021). Using the theory of planned behavior and the technology acceptance model to analyze a university employee fitness tracker program with financial incentive. Journal of Communication in Healthcare, 14(2), 149 – 162. https://doi.org/10.1080/17538068.2020.1864614
Gough, O., & Sozou, P. D. (2005). Pensions and retirement savings: Cluster analysis of consumer behaviour and attitudes. International Journal of Bank Marketing, 23(7), 558 – 570. https://doi.org/10.1108/02652320510629917
Gungor, S., Sucu, F., Dinc, Y., Cetin, M., & Deniz Adiguzel, A. (2024). GIS based daily tourism route proposal for surrounding provinces and districts from Ankara’s Çankaya district (Turkey). Environment, Development and Sustainability. https://doi.org/10.1007/s10668-024-04800-5
Hossain, M. K., & Thakur, V. (2024). The promulgation of group purchasing organizations into the healthcare sector in India. International Journal of Pharmaceutical and Healthcare Marketing, 18(1), 86 – 101. https://doi.org/10.1108/IJPHM-12-2022-0108
Ibrohim Abdul, ‘Afwa, & Sulistyo Nugroho, Y. (2024). SAKTI-UMS: SISTEM APLIKASI KARYAWAN TERBAIK UMS DENGAN METODE SIMPLE ADDITIVE WEIGHTING (SAW). Ums.Ac.Id.
Indriyani, S., Wardiningsih, S. S., & Utami, S. S. (2021). Manajemen Masjid : Pengelolaan Kegiatan Hari Raya Idul Adha 1442 H Masjid Kh. Akhmad Dahlan Sidomulyo-Makamhaji Kartasura. Sri Utami, Setyaningsih Kristianto, Djoko Mart Sasongko, Rolan, 01(01), 6–13.
Kymäläinen, T., Seisto, A., & Malila, R. (2021). Generation z food waste, diet and consumption habits: A finnish social design study with future consumers. Sustainability (Switzerland), 13(4), 1 – 14. https://doi.org/10.3390/su13042124
Lin, C.-Y. (2022). Understanding consumer perceptions and attitudes toward smart retail services. Journal of Services Marketing, 36(8), 1015 – 1030. https://doi.org/10.1108/JSM-09-2020-0407
Nemeth, E., Beres, D., Huzdik, K., Deak-Zsoter, B., & Meszaros, A. (2022). Teachers’ Financial Literacy. Public Finance Quarterly, 67(1), 7 – 32. https://doi.org/10.35551/PFQ_2022_1_1
Permatasari, Q., Lestari, W. D., Achmad, N., & Kuswati, R. (2024). Pengaruh Firm Size Dan Leverage Terhadap Nilai Perusahaan Dengan Variabel Intervening (Pada Perusahaan Manufaktur yang Terdaftar di JII Tahun 2021-2023). Edunomika, 08(02). https://jurnal.stie-aas.ac.id/index.php/jie/article/view/13339
Putri, C., & Lestari, W. D. (2023). Kinerja Keuangan Sebelum Dan Saat Pandemi Dengan Intellectual Capital Sebagai Variabel Intervening. Jurnal Proaksi, 10(3), 397–410. https://doi.org/10.32534/jpk.v10i3.4365
Rahmawati, S. D. (2024). The Millennial Generation ’ s Savings Behavior And The Impact Of Hedonism On Knowledge And Attitude About Saving And Investing. 4, 6844–6854.
Rahmawati, S. D., & Putra, F. I. F. S. (2022a). Faktor Determinasi Nilai Perusahaan Manufaktur Subsektor Foods and Beverages Yang Terdapat Di Bei Tahun 2019. Jmdb, 1(1), 40–50.
Rahmawati, S. D., & Putra, F. I. F. S. (2022b). Stock return content analysis based on ratio method: Case study on infrastructure, utilities and transportation companies listed on IDX in 2018-2020. Asian Management and Business Review, 2(1), 53–62. https://doi.org/10.20885/ambr.vol2.iss1.art5
Robinson, D. (2024). Minority entrepreneurs and start-up financing. Global Business and Organizational Excellence, 43(3), 61 – 71. https://doi.org/10.1002/joe.22239
Şencal, H. (2021). An Analysis of Institutionalization of Societal Relationships from the Perspective of Islamic Economics; [Toplumsal İlişkilerin Kurumsallaşmasının İslam Ekonomisi Açısından Analizi]. Cumhuriyet Ilahiyat Dergisi, 25(2), 661 – 677. https://doi.org/10.18505/cuid.973750
Shlykova, E. V. (2019). The Moscow youth’s resources of successful adaptation to the economic crisis and factors of enhancing their adaptation potential. RUDN Journal of Sociology, 19(3), 443 – 457. https://doi.org/10.22363/2313-2272-2019-19-3-443-457
Sholahuddin, M., Wiyadi, W., Abas, N. I., Rahmawati, S. D., & Rahmawati, R. Y. (2024). Strategi Digital Marketing untuk Peningkatan Usaha UMKM Binaan PCIM Malaysia. Innovative: Journal Of Social Science Research, 4(1), 4147–4161.
Susilo, D., Wahyudi, S., & Pangestuti, I. R. D. (2020). Profitability determinants of manufacturing firms in Indonesia. International Journal of Economics and Business Administration, 8(2), 53–64. https://doi.org/10.35808/ijeba/443
Syed Yusuf, S. N., Sanawi, N. H., Ghani, E. K., Muhammad, R., Daud, D., & Kasim, E. S. (2024). Examining technology improvement, procedural application and governance on the effectiveness zakat distribution. International Journal of Ethics and Systems, 40(1), 103–126. https://doi.org/10.1108/IJOES-02-2022-0031
Verawati, Y., Nyoman Resa Adhika, I., & Wayan Gede Antok Setiawan Jodi, I. (2021). The Effectiveness of Accounting Information Systems on Save and Loan Cooperatives in Tabanan District. Journal of Management Information and Decision Sciences, 24, 1 – 11. https://www.scopus.com/inward/record.uri?eid=2-s2.0-85110578167&partnerID=40&md5=6115768ac3249f657bb74df1cdf07895
Wahyuningsih, I., & Nurzaman, M. S. (2020). Islamic Financial Instruments and Economic Growth; An Evidence from Indonesia. 2020 6th IEEE International Conference on Information Management, ICIM 2020, 46 – 50. https://doi.org/10.1109/ICIM49319.2020.244668
Wang, Y., Xia, T., Xu, Y., Ding, Y., Zheng, M., Pan, E., & Xi, L. (2024). Joint optimization of flexible job shop scheduling and preventive maintenance under high-frequency production switching. International Journal of Production Economics, 269. https://doi.org/10.1016/j.ijpe.2024.109163
Wei, X., Gai, Q., & Shi, Q. (2024). Household grain storage decision in a transitory economy: Market liberalization and off-farm employment. Review of Development Economics, 28(2), 574 – 599. https://doi.org/10.1111/rode.13068
Yilmaz, E. G. (2024). What Is the Level of Savings Needed for High-Technology Export Led Growth? Ekonomika, 103(1), 127 – 144. https://doi.org/10.15388/Ekon.2024.103.1.8
Zakpaa, J., & Dana, L.-P. (2024). Multivariate analysis of ethnic migrants’ entrepreneurial motivation in Ghana. International Journal of Business and Globalisation, 36(4), 469 – 521. https://doi.org/10.1504/IJBG.2024.138020
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