Student Financial Well-being: Personal Factors and Financial Behavior as Antecedents of Financial Well-being

Naning Margasari; Mega Murti Andhini; Musaroh Musaroh; R. A. Seetha Bandara

doi:10.21831/economia.v20i2.58070

Student Financial Well-being: Personal Factors and Financial Behavior as Antecedents of Financial Well-being

Naning Margasari, Universitas Negeri Yogyakarta, Indonesia
Mega Murti Andhini, Universitas Negeri Yogyakarta
Musaroh Musaroh, Universitas Negeri Yogyakarta
R. A. Seetha Bandara, University of Kelaniya, Sri Lanka

10.21831/economia.v20i2.58070

Abstract

Abstract

The information age has the potential for a negative impact on materialism and a positive impact on ways of managing student finances. This can affect the financial well-being of students. This study aims to determine the antecedents of financial well-being in college students in terms of personal and behavioral characteristics. Personal characteristics and behavior are in terms of materialism, financial behavior, and financial self-efficacy variables. These variables are measured through a questionnaire instrument developed from previous research. The results of this study found that materialism and financial behavior had a negative and significant effect on financial well-being, but financial self-efficacy was not proven to have a significant effect on financial well-being. The results of this study provide practical implications in improving student financial well-being, such as through financial literacy to control student materialism and financial behavior.

Keywords:Materialism, Financial Behavior, Financial Self-Efficacy, Financial Well-Being.

Keywords

materialism, financial behavior, financial self-efficacy, financial well-being.

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References

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DOI: https://doi.org/10.21831/economia.v20i2.58070