The role of financial attitude, financial experience, financial knowledge and personality on student’s personal financial management behavior

Abstract

Penelitian ini bertujuan untuk mengidentifikasi peran dari sikap keuangan, pengalaman keuangan, pengetahuan keuangan dan kepribadian, terhadap perilaku pengelolaan keuangan pribadi mahasiswa. Populasi adalah seluruh mahasiswa asal Propinsi Sumatera Utara yang berkuliah di universitas negeri di Kota Langsa. Instrumen pengumpulan data nerupa kuesioner disebar melahui grup Whatsapp (WA) menggunakan google form, dan diperoleh 150 responden yang merespon. Berdasarkan hasil analisis regresi berganda, diperoleh secara parsial bahwa pengalaman keuangan dan pengetahuan keuangan berpengaruh positif dan signifikan terhadap perilaku pengelolaan keuangan pribadi mahasiswa, sementara sikap keuangan dan kepribadian terbukti secara empiris berpengaruh tetapi tidak signifikan terhadap perilaku pengelolaan keuangan mahasiswa. Secara simultan, keempat variabel independen diidentifikasi berpengaruh signifikan terhadap perilaku mahasiswa dalam mengelola keuangan pribadinya.This study aims to identify the role of financial attitudes, financial experience, financial knowledge and personality, on students' personal financial management behavior. The population is all students from North Sumatra Province who are studying at state universities in Kota Langsa. The data collection instrument was in the form of a questionnaire distributed through the Whatsapp (WA) group using a google form, and 150 respondents responded. Based on the results of multiple regression analysis, it was obtained partially that financial experience and financial knowledge had a positive and significant effect on students' personal financial management behavior, while financial attitudes and personality were empirically proven not significantly influence on student financial management behavior. Simultaneously, the four independent variables were identified as having a significant effect on student behavior in managing their personal finances.

Financial Knowledge and Financial Attitude Towards The Personal Financial Management Behavior Of MSME Entreprenuer

“…The results of this study are in line with research conducted by (Anggraini et al, 2022), (Asmin et al, 2021), ) (Thi et al, 2015), found that financial attitudes have a significant effect on personal financial behavior. However, this research is not in line with research conducted by (Sahara & Fuad, 2022) who found that only financial knowledge has a significant effect.…”

“…The results of this study are in line with the results of research conducted (Anisyah et al, 2021), (Harahap et al, 2020), (Sahara & Fuad, 2022) found that financial knowledge has a significant effect on personal financial management behavior.…”

“…Another study by (Sandi et al, 2020) shows that financial knowledge influences financial attitudes, which can have an impact on a person's financial behavior, research by (Anisyah et al, 2021) reveals that financial literacy has a positive impact on the financial behavior of MSME actors, then research by (Harahap et al, 2020) found that there is a positive influence between financial knowledge and financial attitudes on financial behavior. Compared to several previous studies, the research conducted (Sahara & Fuad, 2022) is very different because the results show that only financial knowledge has a significant effect, while financial attitudes do not have a significant effect on financial management behavior.…”

Incorporating Financial Knowledge with ChatGPT to Make Informed Investment Decisions

“…Acquiring financial knowledge necessitates honing financial skills and mastering the utilization of financial tools. Sahara, Fuad, and Setianingsih (2022) and Wahyuniati, Ibnu, and Jumadania (2022) concur with the preceding study, asserting that financial knowledge encompasses comprehension of all financial aspects and tools, including their proficient utilization. The possession of financial information and skills empowers individuals to make informed investment decisions.…”

Personality Traits and Financial Management Behavior of University Students

“…Extrovertism hurt financial planning, whereas neuroticism and conscientiousness had a positive influence, according to a study by Ghaffar et al (2022). Lastly, Sahara et al (2022) discovered that financial attitudes and personality did not significantly affect personal financial management behavior, but financial experience and knowledge did. These findings imply that a variety of personality traits may have an impact on students' financial management practices.…”