The Role of Locus of Control in Mediating the Influence of Financial Literacy, Financial Attitudes, and Lifestyle on the Personal Financial Management Behavior of Generation Z in Banda Aceh City
Downloads
This study seeks to examine how Locus of Control (LoC) acts as a mediator in the impact of financial literacy, financial attitudes, and lifestyle on personal financial management behavior among Generation Z in Banda Aceh City. Generation Z, a demographic group that significantly influences social and economic development, often struggles with managing personal finances, especially due to uncontrolled spending habits. Using a quantitative method and PLS, this research investigates the relationships between financial literacy, financial attitudes, lifestyle, and LoC within the context of personal financial management. The findings are expected to shed light on the mediating role of LoC in the connection between financial literacy, financial attitudes, lifestyle, and financial management behavior. Additionally, the study aims to emphasize the importance of financial literacy education for Generation Z and show how enhancing attitudes and adopting a responsible lifestyle can improve personal financial management in the future. Based on the results, it is advised that government bodies and educational institutions prioritize developing financial literacy programs that incorporate the fostering of positive character traits and habits related to personal financial management for Generation Z.
Downloads
1. Anggraini, P. S., & Cholid, I. (2022). Pengaruh Literasi Keuangan,Tingkat Pendidikan, Pendapatan, Perencanaan Keuangan Dan Gaya Hidup Terhadap Pengelolaan Keuangan Pada Pengrajin Tempe Di Kecamatan Plaju. Publikasi Riset Mahasiswa Manajemen, 3(2), 178–187. https://doi.org/https://doi.org/10.35957/prmm.v3i2.2322
2. Cahyaningrum, B., & Fikri, M. A. (2021). Peran Pemediasi LoC Pada Pengaruh Financial Knowledge Dan Financial Attitude Terhadap Financial Management Behavior. Jurnal Ilmu Manajemen, 9(4), 1500–1515. https://doi.org/10.26740/jim.v9n4.p1500-1515
3. Chen, H., & Volpe, R. P. (1998). An analysis of personal financial literacy among college students. Financial Services Review, 7(2), 107–128. https://doi.org/https://doi.org/10.1016/S1057-0810(99)80006-7
4. Erlangga, H. (2023). Analysis of The Role of Personal Financial Management Knowledge and Self-Efficacy on Student Entrepreneurial Intentions. Jurnal Ekonomi, 12(1), 1785–1791.
5. Hair, J. F., Hult, G. T. M., Ringle, C. M., Sarstedt, M., Danks, N. P., & Ray, S. (2021). An Introduction to Structural Equation Modeling : Partial Least Squares Structural Equation Modeling (PLS-SEM) Using R. https://doi.org/10.1007/978-3-030-80519-7_5
6. Hair, J. F., Hult, G. T. M., Ringle, C., & Sarstedt, M. (2016). A Primer on Partial Least Squares Structural Equation Modeling (PLS-SEM) (2nd ed.). Sage Publications, Inc.
7. Hidayah, A. N., & Iramani, R. (2023). Pengaruh Literasi Keuangan, Gaya Hidup, Dan Sikap Keuangan Terhadap Perilaku Pengelolaan Keuangan Pada Generasi Milenial Dengan Pengendalian Diri Sebagai Variabel Mediasi. Management Studies and Entrepreneurship Journal, 4(5), 4800–4810. https://doi.org/https://doi.org/10.37385/msej.v4i5.1712
8. Joo, S.-H., & Grable, J. (2004). An Exploratory Framework of the Determinants of Financial Satisfaction. Journal of Family and Economic, 25(1), 25–50. https://doi.org/10.1023/B:JEEI.0000016722.37994.9f
9. Kartini, T. K., & Mashudi, U. (2022). Literasi Keuangan (Financial Literacy) Mahasiswa Indekos Calon Pendidik Ekonomi Fkip Universitas Jember. PROMOSI (Jurnal Pendidikan Ekonomi), 10(2), 154–164. https://doi.org/http://dx.doi.org/10.24127/pro.v10i2.6722
10. Khoirunnisa, I. R., & Rochmawati. (2021). Pengaruh Literasi Keuangan, Sikap Keuangan, dan Pendidikan Keuangan Keluarga Terhadap Manajemen Keuangan Pribadi dengan LoC Sebagai Variabel Intervening. Jurnal Pendidikan Akuntansi, 9(2), 210–219. https://doi.org/10.26740/jpak.v9n2.p210-219
11. Kholilah, N. Al, & Iramani, R. (2013). Studi Financial Management Behavior Pada Masyarakat Surabaya. The Journal of Business & Banking, 3(1), 69–80. https://doi.org/https://doi.org/10.14414/jbb.v3i1.255
12. Leon, S. (2018). Service mobile apps: a millennial generation perspective. Industrial Management & Data Systems, 118(9), 1837–1860. https://doi.org/https://doi.org/10.1108/IMDS-10-2017-0479
13. Mitchell, O., & Lusardi, A. (2011). Financial Literacy and Retirement Planning in the United States. Journal of Pension Economics and Finance, 10(4), 509–525. https://doi.org/10.2139/ssrn.1810550
14. Mowen, J. C., & Minor, M. (2017). Consumer Behavior (Ed. 5). Prentice Hall; Subsequent edition.
15. Putri, N. A., & Lestari, D. (2019). Pengaruh Gaya Hidup Dan Literasi Keuangan Terhadap Pengelolaan Keuangan Tenaga Kerja Muda Di Jakarta. AKURASI: Jurnal Riset Akuntansi Dan Keuangan, 1(1), 31–42. https://doi.org/https://doi.org/10.36407/akurasi.v1i1.61
16. Putri, T. P., & Susanti. (2018). Pengaruh Kontrol Diri, Literasi Keuangan Dan Inklusi Keuangan Terhadap Perilaku Menabung Mahasiswa Pendidikan Akuntansi Fakultas Ekonomi Universitas Negeri Surabaya. Jurnal Pendidikan Akuntansi, 6(3), 323–330.
17. Rahmawati, A., Adeliyah, N. D., & Anwar, C. (2024). Analisa Perhitungan Pada Biaya Produksi dengan Metode Harga Pokok Pesanan di UMKM Iffa Cookies Sidoarjo. Anggaran: Jurnal Publikasi Ekonomi Dan Akuntansi, 2(2), 405–416. https://doi.org/https://doi.org/10.61132/anggaran.v2i2.673
18. Rohmanto, F., & Susanti, A. (2021). Pengaruh Literasi Keuangan, Lifestyle Hedonis, Dan Sikap Keuangan Pribadi Terhadap Perilaku Keuangan Mahasiswa. ECOBISMA: Journal of Economics, Business and Management, 8(1), 40–48. https://doi.org/https://doi.org/10.36987/ecobi.v8i1.2057
19. Rotter, J. B. (1966). Generalized expectancies for internal versus external control of reinforcement. Psychological Monographs: General and Applied, 80(1), 1–28. https://doi.org/https://doi.org/10.1037/h0092976
20. Rudy, Sunardi, N., & Kartono. (2020). Pengetahuan Keuangan dan Love Of Money pengaruhnya terhadap Pengelolaan Keuangan Pribadi dan dampaknya terhadap Kesejahteraan Masyarakat Desa Cihambulu, Kec. Pabuaran Kab. Subang. Jurnal SEKURITAS, 4(1), 43–56. https://doi.org/10.32493/skt.v4i1.6335
21. Setiadi, N. J. (2019). Perilaku Konsumen: Perspektif Kontemporer Pada Motif, Tujuan Dan Keinginan Konsumen. Prenada Media.
22. Setyawan, W., & Wulandari, S. (2020). Perilaku Manajemen Keuangan Mahasiswa Kelas Karyawan Di Cikarang. Jurnal Ilmu Manajemen Dan Bisnis, 11(1), 47–59. https://doi.org/https://doi.org/10.17509/jimb.v11i1.20509
23. Turnip, M., & Krisnandi, H. (2023). LoC Mediates Financial Attitudes, Knowledge, and Income effects on Millenial Financial Management Behavior in DKI Jakarta. Jurnal Manajemen Dan Kewirausahaan, 11(2), 153–161. https://doi.org/https://doi.org/10.26905/jmdk.v11i2.9624
24. Virani, H. Z., Fauziah, F., & Jamal, S. W. (2025). Pengaruh Literasi Keuangan dan Sikap Keuangan terhadap Perilaku Keuangan pada Mahasiswa. MAMEN Jurnal Manajemen, 4(3), 589–600. https://doi.org/10.55123/mamen.v4i3.6011
25. Wardani, L. A., & Fitrayati, D. (2022). Pengaruh literasi keuangan dan sikap keuangan terhadap perilaku pengelolaan keuangan dengan LoC sebagai variabel intervening. Fair Value : Jurnal Ilmiah Akuntansi Dan Keuangan, 4(12), 5827–5836.
26. Widiawati, M. (2020). Pengaruh Literasi Keuangan, LoC, Financial Self-Efficacy, Dan Love of Money Terhadap Manajemen Keuangan Pribadi. Prisma (Platform Riset Mahasiswa Akuntansi), 1(1), 97–108. https://doi.org/https://ojs.stiesa.ac.id/index.php/prisma/article/view/371
Copyright (c) 2025 Husnun Nisak, Said Musnadi, A. Sakir
This work is licensed under a Creative Commons Attribution 4.0 International License.
