FINANCIAL KNOWLEDGE, FINANCIAL ATTITUDE, AND FINANCIAL MANAGEMENT BEHAVIOR: SELFâ€“CONTROL AS MEDIATING

Siswanti, Indra

doi:10.21776/ub.ijabs.2020.28.1.5

Cited by 27 publications

(27 citation statements)

References 9 publications

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“…Instead, they stated that the impact is indirect. On the other hand, other research [19] found that self-control mediated a partial effect of financial knowledge and financial attitudes on financial management behavior. Financial behavior was also found to be positively influenced by financial attitude and self-control [10].…”

Section: Theoretical Framework and Literature Reviewmentioning

confidence: 88%

“…To summarize, self-control has been found to have a positive impact on financial behavior. This means that people with more self-control are better at managing their finances, not engaging in compulsive buying, and not getting into debt [2,3,4,6,10,12,18,19,20,21,28]. Besides self-control, some other psychological factors have been found to influence financial behavior.…”

Section: Theoretical Framework and Literature Reviewmentioning

confidence: 99%

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Does financial behavior mediate the relationship between self-control and financial security?

Vuković

Pivac

2021

Cro. Oper. Res. Rev.

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People have different financial behavior depending on their psychological characteristics, which can reflect their financial security. Self-control is also an important predictor of financial security. People with greater self-control are more likely to save money and less likely to get into debt. Therefore, they are more secure and satisfied with their financial situation. This paper explores whether good self-control directly affects financial security or if its impact comes indirectly through good financial behavior. For the purposes of the research, a survey analysis was designed and applied to a sample of 494 respondents. Structural equation modeling was used for testing the research hypothesis. The results confirmed that there is a significant mediating effect of financial behavior on the relationship between self-control and financial security. The research contributes to a better understanding of financial behavior predictors among individuals with different psychological characteristics. Future research should also include testing for differences between various demographic groups of people in the impact of self-control on financial behavior and security.

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Section: Theoretical Framework and Literature Reviewmentioning

confidence: 88%

Section: Theoretical Framework and Literature Reviewmentioning

confidence: 99%

Does financial behavior mediate the relationship between self-control and financial security?

Vuković

Pivac

2021

Cro. Oper. Res. Rev.

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“…Moreover, Norvilitis et al [5] measured perceived financial wellbeing with the personal sensation of financial confidence and security, and the results show that this definition seems to be associated with psychological wellbeing. Previous literature on financial satisfaction has shed light on the impact of financial literacy with a moderating variable of financial behavior [6,7], financial management behavior and attitude [8], financial capability [9,10], and credit use [11]. Unlike previous studies, this study further investigates the branch of financial capability in MIE specifically.…”

Section: Original Research Articlementioning

confidence: 98%

The Impact of Financial Capability in Managing Income and Expenditure on Consumer Financial Satisfaction: Evidence from the USA

Chen

Zhang

2021

AJEBA

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Using the survey data of the National Financial Capability Study in 2018, this study aims to provide empirical insight into the impact of financial capability in managing income and expenditure (MIE) on consumer financial satisfaction. To produce more accurate results, the approach of the ordered logit regression is utilized. The results suggest a positive association between financial capability in MIE and consumer financial satisfaction, implying that consumers who can manage their spending within income tend to enjoy a higher level of satisfaction under current financial conditions. In addition, when an ordered probit regression is utilized, and the outliers of income and the heterogeneity of consumers’ annual income are taken into account, the results remain unchanged. Moreover, this study also verifies the role of perceived mathematical capability as a moderator. Hence, the findings enable policymakers and consumer educators to formulate effective measures to enhance consumer financial capability in MIE.

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“…Attitude towards one's money is how one has views and behaviors about money, the main primary need of humans is money, money can make humans think irrationally (Siswanti & Halida, 2020). Social pressure is the condition of individuals when they have money, how do individuals deal with it, when they have a lot of money, individuals are confused about what the money is and whether they can refrain from the money they have, this affects financial management behavior, the higher a person can refrain from the money they have.…”

Section: Financial Attitudementioning

confidence: 99%

“…It is not enough that having knowledge only, but must be followed by financial attitudes, namely one's assessment of finances, more towards ways of thinking, opinions, and assessments of individual finances that are applied through attitudes so that they can manage its finances (Kusani et al, 2019, Dwiastanti, 2017. Financial attitudes can shape the style or way people shopping, spending money, deposit, and save money (Siswanti & Halida, 2020).…”

Section: Introductionmentioning

confidence: 99%

Identifying Financial Management Behavior in Millenial Generation

2021

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This study aims to examine the effect of financial knowledge, financial attitudes, financial socialization, locus of control on financial management behavior. The research sample is the millennial generation in Batam City which was selected by purposive sampling method who were born in 1984–1999. Research data were collected by questionnaire. The data were analyzed using normality, validity, heteroscedasticity, and t and F tests. The results of this study concluded that financial knowledge, financial attitudes, primary agents of financial socialization, secondary agents of financial socialization, childhood consumer experiences had a significant positive effect on financial management behavior, while other variables are not significant. The managerial implications are doing financial planning, building a saving pattern, having a sense of responsibility, and setting financial goals. Parents are expected to provide financial concepts since childhood, build the habit of saving since childhood by giving pocket money and teach how to allocate money. ABSTRAKPenelitian ini bertujuan untuk meneliti pengaruh pengetahuan keuangan, sikap keuangan, sosialisasi keuangan, locus of control terhadap perilaku pengelolaan keuangan. Sampel penelitian adalah generasi milenial di Kota Batam yang dipilih dengan metode purposive sampling yang lahir pada tahun 1984–1999. Data penelitian dikumpulkan dengan kuesioner. Data dianalisis menggunakan uji normalitas, validitas, heteroskedesitas, dan uji t dan F. Hasil penelitian ini menyimpulkan bahwa pengetahuan keuangan, sikap keuangan, agen primer sosialisasi keuangan, agen sekunder sosialisasi keuangan, pengalaman konsumen masa kecil berpengaruh signifikan positif terhadap perilaku pengelolaan keuangan, sedangkan variabel lainnya tidak signfikan. Implikasi manajerial adalah melakukan perencanaan keuangan, membangun pola menabung, memiliki rasa tanggung jawab, dan menetapkan tujuan keuangan. Orang tua diharapkan memberikan konsep keuangan sejak kecil, membangun kebiasaan menabung sejak kecil dengan memberikan uang saku dan mengajarkan cara mengalokasikan uang.

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FINANCIAL KNOWLEDGE, FINANCIAL ATTITUDE, AND FINANCIAL MANAGEMENT BEHAVIOR: SELFâ€“CONTROL AS MEDIATING

Cited by 27 publications

References 9 publications

Does financial behavior mediate the relationship between self-control and financial security?

Does financial behavior mediate the relationship between self-control and financial security?

The Impact of Financial Capability in Managing Income and Expenditure on Consumer Financial Satisfaction: Evidence from the USA

Identifying Financial Management Behavior in Millenial Generation

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