The Influence of Financial Literacy, Lifestyle, and Self-Control on Students' Financial Management Behavior (Empirical Study of Students at AKI University Semarang)

Emily Geraldine Ndun; Sukristanta Sukristanta

doi:10.63922/ijebir.v5i05.5520

Emily Geraldine Ndun Fakultas Ekonomika Dan Bisnis Universitas AKI Semarang
Sukristanta Sukristanta Fakultas Ekonomika Dan Bisnis Universitas AKI Semarang

DOI: https://doi.org/10.63922/ijebir.v5i05.5520

Keywords: Financial Literacy, Financial Management Behavior, Lifestyle, Self Control, University Students

Abstract

Student financial management behavior is a crucial issue because easy access to digital financial services has not yet been fully followed by the ability to manage finances wisely. This study aims to analyze the influence of financial literacy, lifestyle, and self-control on the financial management behavior of students at AKI University, Semarang. The study used a quantitative approach with a survey method. The study population was active undergraduate students at AKI University, Semarang, with a sample of 174 respondents selected using a purposive sampling technique. Data were collected through a Likert scale questionnaire and analyzed using descriptive statistics, validity tests, reliability tests, classical assumption tests, multiple linear regression, t-tests, F-tests, and coefficients of determination using SPSS. The results showed that financial literacy and self-control had a positive and significant effect on students' financial management behavior, while lifestyle had no significant effect. All three variables simultaneously had a significant effect with an Adjusted R² value of 0.774. The conclusion of the study shows that improving students' financial management behavior is more effectively achieved through strengthening financial literacy and self-control abilities than through lifestyle changes alone.

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