چکیده:
The objective of this study is to investigate the impact of financial literacy and financial attitudes on consumptive behavior, with financial behavior acting as a mediating factor among residents of Sidoarjo, Indonesia. The research was conducted using a quantitative approach, and data collection was done through a questionnaire administered via Google Form. The study included a sample of 96 respondents, determined using the Lemeshow formula due to the unknown population size. The data was analyzed using the SmartPLS-3 software, applying the structural equation modeling (SEM) technique. The findings of this study reveal several significant outcomes. Firstly, financial literacy is found to have a direct significant influence on both consumptive behavior and financial behavior. Secondly, financial attitudes also have a direct significant impact on consumptive behavior and financial behavior. However, it is observed that financial behavior does not have a significant effect on consumptive behavior. Furthermore, the study concludes that financial behavior does not act as a mediating factor in the relationship between financial literacy and financial attitudes on consumer behavior. Overall, this research contributes to the existing knowledge by providing insights into the interplay between the discussed variables.
خلاصه ماشینی:
1. Financial Literacy Financial literacy, as defined by the OJK refers to the knowledge, skills, and values that impact attitudes and behaviors related to financial matters, enabling individuals to make informed decisions and effectively manage their finances.
The two ideas discussed make it clear that behavioral finance is a method that explains how people make financial decisions or handle their investments under the influence of psychological variables.
PLS Analysis Diagram Remark: X1: Financial Literacy X2: Financial Attitudes Z: Financial Behavior Y: Consumptive Behavior Validity Value Table 1.
Hypothesis test {مراجعه شود به فایل جدول الحاقی} The conclusion from the relationship between variables in the table above is: - Financial literacy (X1) and consumptive behavior (Y) are significantly correlated, with a P value of 0.
Financial literacy encompasses a body of knowledge, abilities, and values that shape attitudes and behaviors, enabling individuals to make informed financial decisions and effectively manage their money for their overall well-being.
One of the advantages of financial literacy is the ability to wisely manage and allocate money, which helps individuals control their consumptive behavior and avoid unnecessary or excessive spending.
After evaluating the research hypothesis regarding the impact of financial attitudes on consumptive behavior, it was found that there is a significant correlation between these two variables.
Financial behavior is related to consumptive behavior in general due to budgeting problems, where budgeting is related to individuals who manage finances in accordance with the income received (Ida & Dwinta, 2010; Prihastuty & Rahayuningsih, 2018).