Consumer Financial Behavior: An Interdisciplinary Review of Selected Theories and Research

Xiao, Jing Jian; Ford, Matthew W.; Kim, Jinhee

doi:10.1111/j.1552-3934.2011.02078.x

Cited by 44 publications

(37 citation statements)

References 102 publications

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“…Hal ini membuat seseorang bersedia menunda kesenangan yang mampu dibeli saat ini, untuk memastikan memiliki dana cadangan ketika menghadapi kesulitan di masa depan. Selanjutnya, pola ini dijelaskan melalui Teori Life-Cycle bahwa individu memaksimalkan utilitas dari waktu ke waktu dan menganggap bahwa pendapatan saat ini merupakan bentuk perdagangan sepanjang hidup (Xiao, Ford, & Kim, 2011). Keputusan individu untuk memperlakukan uangnya akan sangat tergantung oleh jumlah total sumber daya (misalnya: pendapatan & warisan) dan pola konsumsi yang diterapkan, serta kemungkinan akan memasuki siklus pensiun atau tidak produktif di masa tua.…”

Section: Kondisiunclassified

“…Selain itu, ketika jumlah pengeluaran atau jumlah konsumsi yang semakin besar, maka akan muncul persepsi positif tentang hidup. Penelitian ini juga menguatkan pendapat dari Xiao et al (2011) bahwa perilaku menabung akan memberikan rasa puas karena ketika menabung manusia akan memiliki persepsi rasa aman untuk hidupnya di masa yang akan datang. Gaya penggunaan uang secara hemat dan berhati-hati juga memiliki pengaruh yang signifikan terhadap kepuasan hidup.…”

Section: Pembahasanunclassified

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Kepuasan Hidup: Tinjauan Dari Kondisi Keuangan Dan Gaya Penggunaan Uang

Adiati

2021

Jur. Ilm. Kel. & Kons.

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Kepuasan hidup masyarakat Indonesia pada saat ini sangat dipengaruhi oleh faktor pendapatan dan kondisi keuangannya. Penelitian ini bertujuan untuk menganalisis pengaruh jumlah pendapatan, pengeluaran, tabungan, dan gaya penggunaan uang terhadap kepuasan hidup. Penelitian ini menggunakan pendekatan kuantitatif dan melibatkan 831 responden yang dipilih menggunakan teknik convenient sampling. Analisis data dilakukan dengan software G*Power untuk melihat effect size dan menggunakan teknik analisis regresi linear berganda dengan menggunakan software JASP versi 0.8.6. Hasil analisis data menunjukkan bahwa jumlah pendapatan, jumlah pengeluaran konsumtif, dan jumlah aset memiliki pengaruh yang signifikan terhadap kepuasan hidup. Gaya penggunaan uang dengan hemat dan berhati-hati memiliki pengaruh yang signifikan terhadap kepuasan hidup, sementara gaya menghabiskan uang dan menggunakan uang secara sia-sia tidak memiiki pengaruh signifikan terhadap kepuasan hidup. Penelitian ini membuktikan bahwa penggunaan uang secara terkontrol, baik untuk kebutuhan konsumtif maupun menabung untuk kebutuhan di masa depan, dapat meningkatkan kepuasan hidup seseorang. Hasil dari penelitian ini dapat menjadi rujukan untuk meningkatkan kualitas hidup manusia dengan berfokus pada cara dan gayanya di dalam memanfaatkan uang.

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Section: Kondisiunclassified

Section: Pembahasanunclassified

Kepuasan Hidup: Tinjauan Dari Kondisi Keuangan Dan Gaya Penggunaan Uang

Adiati

2021

Jur. Ilm. Kel. & Kons.

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“…Of these socialisation mechanisms, parental involvement plays a vital role in constructing appropriate attitudinal and behavioural skills. Specific to financial skills and attitudes, parental occupation is a positive mechanism for influencing teenagers’ financial decisions (Gudmonson and Danes, 2011; Limbu et al , 2012; Norvilitis and MacLean, 2010; Xiao et al , 2011). Empirical evidence in developed countries shows that parental involvement influences students’ credit card usage (Bamforth et al , 2017; Limbu et al , 2012; Norvilitis and MacLean, 2010; Peltier et al , 2013; Xiao et al , 2011).…”

Section: Literature Reviewmentioning

confidence: 99%

Exploring undergraduates’ money-management life: insight from an emerging economy

Sachitra

Wijesinghe

Gunasena

2019

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Purpose Undergraduates are expected to be future leaders responsible for business and nations. Given that sound financial decision-making is critical to their success in their careers and lives, it is important to understand the money-management behaviour of undergraduates. In the context of developing countries, the body of knowledge on money-management behaviour is dominated by functional financial literature and there is little research on factors beyond this. This study aims to fill this gap by exploring economic, social and psychological factors that influence money-management behaviour of undergraduates in a developing nation (Sri Lanka) and how undergraduates respond to these influences. Design/methodology/approach The study used a qualitative exploratory approach. Data collection was carried out using focus group discussions and individual interviews amongst undergraduates in a leading Sri Lankan state university. Findings The results indicate that undergraduates adopted both careful and risky money-management approaches. The subthemes, specifically identified under economic, social and psychological factors, revealed how undergraduates responded to each of these factors and the influence of contextual and cultural differences in their money-management behaviour. Research limitations/implications Findings of the study revealed the importance of promoting innovative educational strategies to change the dependability mindset of undergraduates and to promote stress-management strategies that will assist them to enhance their personalities and creativity in making financial decisions. Theoretical and practical implications and future research directions are provided. Originality/value The literature scores in developing context are limited to exploring the existing pattern and the levels of the functional financial literacy. This study has deepened the authors’ understanding of how the developing context affects undergraduates’ response to the factors relating to their money-management behaviour. The findings from this study will be useful to government, financial institutions, educational institutions, parents and those who have a keen interest in encouraging healthy money-management behaviour in undergraduates.

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“…these studies hypothesised that simple pocket money may be preferable to earned allowances, because it represents a greater degree of trust than having to work for money, and children may feel more responsible for the money they receive, make a greater effort to use it wisely, and become relatively more economically socialised (abramovitch, Freedman, and Pliner, 1991;Pliner et al, 1996). Beutler and dickinson (2008) and Xiao, Ford and kim (2011) suggest that the quality of the interaction between parents and children on the transfer of money may be more influential on children's financial socialisation than allowances per se: without substantial parental interaction, discussion and guidance about finances, just giving money may not be sufficient for a successful socialisation process.…”

Section: Students' Performance and Sources Of Moneymentioning

confidence: 99%

Parents' occupations in finance and financial literacy performance

2014

Pisa

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Note by Turkey: The information in this document with reference to "Cyprus" relates to the southern part of the Island. There is no single authority representing both Turkish and Greek Cypriot people on the Island. Turkey recognises the Turkish Republic of Northern Cyprus (TRNC). Until a lasting and equitable solution is found within the context of the United Nations, Turkey shall preserve its position concerning the "Cyprus issue".Note by all the European Union Member States of the OECD and the European Union: The Republic of Cyprus is recognised by all members of the United Nations with the exception of Turkey. The information in this document relates to the area under the effective control of the Government of the Republic of Cyprus.The statistical data for Israel are supplied by and under the responsibility of the relevant Israeli authorities. The use of such data by the OECD is without prejudice to the status of the Golan Heights, East Jerusalem and Israeli settlements in the West Bank under the terms of international law.

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Consumer Financial Behavior: An Interdisciplinary Review of Selected Theories and Research

Cited by 44 publications

References 102 publications

Kepuasan Hidup: Tinjauan Dari Kondisi Keuangan Dan Gaya Penggunaan Uang

Kepuasan Hidup: Tinjauan Dari Kondisi Keuangan Dan Gaya Penggunaan Uang

Exploring undergraduates’ money-management life: insight from an emerging economy

Parents' occupations in finance and financial literacy performance

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