The Effect of Digital Transactions and Online Shopping on the Personal Financial Management Ability of Social Studies Students of Institut Pendidikan Indonesia Garut

Abstract

Digital transactions and online shopping have become a new culture today, marking civilization's advancement in economic activities and challenges and opportunities for students to increase their insight and ability to take advantage of the development of economic digitization. Personal financial management problems are often challenging to manage appropriately; thus, this study is aimed to find out how students' personal financial management abilities are in the middle of the rapid development of digital transactions and online shopping activities. With a quantitative descriptive approach, 30 Social Studies Education students from levels 1 to 3 were treated as the sample. The study found several findings, including 1) digital transactions affect' personal financial management abilities by 31.2%, 2) shopping system online also affects personal financial management by 27.2%, and 3) digital transactions and online shopping jointly affect students' personal financial management abilities by 25.4%, but the effect is in a low range. Students need an understanding and knowledge of the economic digitization system to have the ability to manage personal finances.