Money Matters: Unveiling Financial Management Drivers among Surabaya’s University Students

Naufal Achmad Chanif, Nadia Asandimitra Haryono

Abstract


The development of digital financial services and lifestyle changes among students have increased the need for sound financial management to avoid future financial problems. This study aims to analyze the effects of financial literacy, lifestyle, financial attitude, socioeconomic status, locus of control, and financial planning on financial management behavior among university students in Surabaya City. This research employed a quantitative approach using a survey method with purposive sampling. Data were collected from 265 undergraduate students using Likert and Guttman scale questionnaires and analyzed using Structural Equation Modeling (SEM) with AMOS software. The results indicate that financial literacy, financial attitude, locus of control, and financial planning have positive and significant effects on financial management behavior, while lifestyle and socioeconomic status have no significant effect. This study contributes to financial behavior literature and supports strategies for improving students' financial management behavior through enhanced financial literacy programs, attitude development, internal locus of control strengthening, and consistent financial planning implementation.

Keywords


Financial Literacy; Lifestyle; Financial Attitude; Socioeconomic Status; Locus of Control; Financial Planning; Financial Management Behavior

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References


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