The Use of Financial Literacy for Growing Personal Finance

Abstract

Financial literacy played an important role for everyone in managing personal finances. This research aimed to determine how the level of financial literacy in students S1 Faculty of Economics and Business, Universitas Pasundan and investigate what factors are influencing it. The observed respondents were students from the Faculty of Economics and Business, Universitas Pasundan. The research data was collected through questionnaires, descriptive analysis, and test multinomial logit. Based on the results of the research showed that the level of financial literacy from undergraduate students Universitas Pasundan was in the low category. Financial literacy was determined by gender, Greater Academic Achievement (GPA), parental education level, and parental income level;, whereas for age, year of study and residence do not contribute to the research model. The results of this study were expected to support personal financial planning of students in improving the skills of reading, analyzing, and managing their own finances, thus avoiding the daily financial problems. ABSTRAK Financial literacy atau melek keuangan memainkan peranan penting bagi setiap orang dalam mengelola keuangan personal. Tujuan riset ini untuk mengetahui bagaimana tingkat literasi keuangan pada mahasiswa S1 Fakultas Ekonomi dan Bisnis Universitas Pasundan dan menginvestigasi faktor-faktor apa saja yang mempengaruhinya. Responden yang diamati adalah mahasiswa dari Fakultas Ekonomi dan Bisnis Universitas Pasundan. Data penelitian ini dikumpulkan melalui kuesioner, analisis deskriptif, dan uji multinomial logit. Berdasarkan hasil penelitian menunjukkan bahwa tingkat melek keuangan dari mahasiswa sarjana Universitas Pasundan berada pada kategori rendah. Literasi keuangan ditentukan oleh jenis kelamin, Indeks Prestasi Kumulatif (IPK), tingkat pendidikan orang tua, dan tingkat pendapatan orang tua, sedangkan untuk usia, tahun masuk, dan tempat tinggal tidak memberikan kontribusi terhadap model penelitian. Hasil penelitian ini diharapkan mampu mendukung perencanaan keuangan personal mahasiswa dalam meningkatkan keterampilan membaca, menganalisis, dan mengelola keuangan sendiri, sehingga dapat menghindarkan dari permasalahan keuangan sehari-hari.

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