The Role of Education in Moderating the Influence of Financial Literacy and Income on the Financial Management of Millennial Employees in Denpasar

Ketut Sudarmini (Universitas Warmadewa)
Ni Ketut Sariani (Universitas Warmadewa)
Luh Gede Pande Sri Eka Jayanti (Universitas Warmadewa)

Asian Journal of Management Analytics
Vol. 5 No. 4 (2026): October 2026

This study aims to examine the influence of financial literacy and income on the financial management of millennial employees in Denpasar City and test the role of education as a moderation variable. The study uses a quantitative approach with a survey method of 65 millennial employees selected using accidental sampling techniques. Data was analyzed using Structural Equation Modeling-Partial Least Squares (SEM-PLS) with the help of SmartPLS. The results of the study show that financial literacy has a positive and significant effect on financial management. On the other hand, income does not have a significant effect on financial management. In addition, education has not been proven to moderate the relationship between financial literacy and income on financial management.