The Influence of Financial Knowledge and Financial Attitudes on Financial Management Behavior with Financial Self-Efficacy as an Intervening Variable

Putri Yasmin (Universitas Negeri Jakarta)
Osly Usman (Universitas Negeri Jakarta)

Journal of Digital Business and Global Economy
Vol. 2 No. 3 (2026): Journal of Digital Business and Global Economy

This study aims to examine how understanding money and people's feelings about money affect how they manage their finances, with financial seIf-efficacy playing a key role in this process key factor in between, specifically among Generation Z and Millennials. The research used a quantitative causal design, and the total number of participants was 119, who were selected through an online survey method. Data analysis was done I used the StructuraI Equation ModeIing-PartiaI Least Squares (SEM-PLS) approach with the SmartPLS 4.0 software to analyze the data. From the testing of the structural model, it is clear that financiaI knowIedge, financiaI attitude, and financiaI seIf-efficacy all have a direct and important positive influence on financiaI management behavior. Financial self-efficacy might be an important link between financiaI knowledge and financial attitudes, which then affect how people manage their money.