Advances in Economics & Financial Studies
Vol. 4 No. 2 (2026): February - May

The Influence of Financial Literacy and Lifestyle on Accounting Students’ Investment Interest

Karmila Nasution (Universitas Labuhanbatu Rantuprapat, Sumatera Utara, Indonesia)
Parlaungan Nasution (Universitas Labuhanbatu Rantuprapat, Sumatera Utara, Indonesia)
M. Irwansyah Hasibuan (Universitas Labuhanbatu Rantuprapat, Sumatera Utara, Indonesia)



Article Info

Publish Date
31 May 2026

Abstract

Purpose: This study aims to examine the influence of financial literacy and lifestyle on theinvestment interest of Accounting students at Universitas Labuhanbatu.Research Design and Methodology: This study employed a quantitative approach with acausal-associative design. The population consisted of all active Accounting students atUniversitas Labuhanbatu, and a saturated sampling technique was used to select respondents.Data were collected through questionnaires and analyzed using SPSS version 26. Theanalysis included validity and reliability tests, classical assumption tests, multiple linearregression, t-tests, and F-tests.Findings and Discussion: The results indicate that financial literacy has a positive andsignificant effect on students’ investment interest. In contrast, lifestyle has a negative andsignificant effect on investment interest. Simultaneously, financial literacy and lifestylesignificantly influence students’ investment interest. These findings suggest that studentswith higher financial literacy are more likely to engage in investment activities, whereas amore consumptive lifestyle tends to reduce investment interest.Implications: Universities should strengthen financial education programs and encourageresponsible lifestyle behaviors to enhance students’ investment awareness and participation.Originality: This study provides empirical evidence on the simultaneous effects of financialliteracy and lifestyle on investment interest among accounting students in an Indonesianhigher education context.

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Journal Info

Abbrev

AEFS

Publisher

Subject

Economics, Econometrics & Finance

Description

Founded in 2023, Advances in Economics & Financial Studies publishes original research that promises to advance our understanding of Economics & Financial Studies over diverse topics and research methods. This Journal welcomes research of significance across a wide range of primary and applied ...