Effect of Lifestyle and Finansial Literacy on Financial Behavior of Individuals with Level of Education as Moderating Variabels

Abstract

Financial ability will be greatly influenced by a person's financial behavior. In theory, whether or not a person's financial health can be measured by how individuals can behave towards their finances. The factors that influence a person's financial behavior are lifestyle and financial literacy. The purpose of this study is to find out how the people of Trenggalek Regency who have a high level of consumptive behavior towards their finances. This study used 400 samples selected from the 762,345 population of the people of Trenggalek Regency by using a purposive sampling technique. The data used in this study were primary data taken from filling out questionnaires by people of productive age in Trenggalek Regency. The results of the SmartPLS analysis show that lifestyle and financial literacy influence financial behavior . The level of education as a moderating variable can strengthen the effect of lifestyle and financial literacy on the financial behavior of individuals of productive age in Trenggalek Regency.

The Influence of Financial Literacy, Pocket Money, and Lifestyle on the Financial Behavior of College Students who Use Online Shopping Platforms

“…Research conducted by (Amanda & Anwar, 2023;Azizah & Murdiono, 2023;Berlianti & Suwaidi, 2023;Fajari & Rochayatun, 2023;Ferdiansyah & Triwahyuningtyas, 2021;Meliana & Isbanah, 2023;Setiani, Widiawati, & Linawati, 2023;Siregar & Simatupang, 2022) supports the statement that lifestyle has a positive and significant effect on financial behavior. H3: Lifestyle has a positive and significant effect on the financial behavior of students who use online shopping platforms…”

“…Financial literacy, pocket money, and lifestyle can also affect financial behavior. The results of research conducted by (Amanda & Anwar, 2023;Azizah & Murdiono, 2023;Berlianti & Suwaidi, 2023;Fajari & Rochayatun, 2023;Ferdiansyah & Triwahyuningtyas, 2021;Meliana & Isbanah, 2023;Setiani, Widiawati, & Linawati, 2023;Siregar & Simatupang, 2022). In contrast to the results of research conducted by (Muntahanah, Cahyo, Setiawan, & Rahmah, 2021;Putri, Fontanella, & Handayani, 2023;Rendrawati, Handayani, & Agustin, 2023;Sari & Widoatmodjo, 2023;Wahyuni, Radiman, & Kinanti, 2023), which state that lifestyle does not affect financial behavior.…”