JURNAL ECONOMIA
Vol. 20 No. 2 (2024): June 2024

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

Margasari, Naning (Unknown)
Andhini, Mega Murti (Unknown)
Musaroh, Musaroh (Unknown)
Bandara, R. A. Seetha (Unknown)



Article Info

Publish Date
28 Jun 2024

Abstract

AbstractThe 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.

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Journal Info

Abbrev

economia

Publisher

Subject

Economics, Econometrics & Finance

Description

Jurnal Economia (JECO) is published by Faculty of Economics, Yogyakarta State University. It publishes theoretical or research manuscripts related to 1. Economics 2. Accounting 3. Management 4. Business 5. Entrepreneurship, and 6. ...