The Effect of Financial Literacy and Lifestyle on Financial Management Behavior with Self-Efficacy as a Mediation Variable: A Study of Young Workforce in Tuban Regency

Rifa Fatra Yahya Masruroh (Universitas Islam Negeri Maulana Malik Ibrahim Malang)
Farahiyah Sartika (Universitas Islam Negeri Maulana Malik Ibrahim Malang)

Economics and Business Journal
Vol. 4 No. 5 (2026)

This study aims to analyze the influence of financial literacy and lifestyle on financial management behavior, with self-efficacy as a mediating variable among young workers in Tuban Regency. This study employed a quantitative approach involving 160 respondents, and the data were analyzed using Structural Equation Modeling-Partial Least Squares (SEM-PLS) through SmartPLS 3. The results indicate that financial literacy, lifestyle, and self-efficacy have significant effects on financial management behavior. Financial literacy also significantly influences self-efficacy, while lifestyle does not have a significant effect on self-efficacy. Furthermore, self-efficacy is proven to mediate the relationship between financial literacy and financial management behavior, but it does not mediate the relationship between lifestyle and financial management behavior