The Role of Financial Literacy and Grit in Good Financial Behavior

Author:

Endah Amaliyah Erlina DewiORCID,Prabasari Bonita,Rohmawati Lilik

Abstract

With Generation Z and millennials becoming the majority of Indonesia's population, tackling their reputation for financial wastefulness becomes critical. Through the promotion of financial literacy, this study intends to provide insights into developing wiser and more sensible financial conduct. Recognizing the inconsistency of past studies on financial literacy and behavior, this study incorporates grit as a moderating component. Data was acquired through surveys distributed around Semarang City and analyzed in Smart PLS utilizing path analysis. Financial literacy was determined by understanding the time worth of money, inflation, and risk diversification, whereas grit was determined by perseverance and constant interest. Credit management, investment, saving, cash flow and consumption, emergency fund management, and retirement fund planning were all evaluated. The findings show that grit has a positive influence on financial behavior, emphasizing the need of perseverance in the face of financial obstacles. Furthermore, financial literacy was discovered to have a favorable impact on grit, emphasizing the symbiotic relationship between knowledge and perseverance in accomplishing financial goals. This study emphasizes the importance of not just improving financial literacy but also cultivating grit among Generation Z and millennials in order to improve financial behavior.

Publisher

Universitas Muhammadiyah Sidoarjo

Subject

General Chemical Engineering

Reference58 articles.

1. Ahsani, R. F., Indriasttuti, D. R., Sunarso, S., & Mega, H. (2021). Pengaruh Keadilan Organisasional, Kesempatan Promosi, Lingkungan Kerja, dan Job Embeddedness Terhadap Turnover Intentions Karyawan Millenial. Research Fair Unisri, 5(1), 1–6. https://doi.org/https://doi.org/10.33061/rsfu.v5i1.4976

2. Amaliyah, E. D. E. (2020). Peran Spiritual Intelligence dalam Meningkatkan Personal Financial Management Melalui Financial Technology, Subjective Norm, dan Financial Capability [Universitas Islam Sultan Agung Semarang]. http://repository.unissula.ac.id/view/creators/Amaliyah=3AErlina_Dewi_Endah=3A=3A.html

3. Amaliyah, E. D. E., & Nugroho, B. S. (2022). Improving Personal Financial Management through Financial Technology, Financial Capability, and Spiritual Intelligence as Intervening Variable. Admisi Dan Bisnis, Volume 23, 57–70.

4. Amaliyah, E. D. E., & Prabasari, B. (2021). Implementasi Digital Marketing Di Masa Pandemi Covid-19 Pada Komunitas Petani Tanaman Hias Dusun Tarukan. Jurnal Tematik, 3(2), 252 – 257.

5. Amaliyah, E. D. E., Rohmawati, L., & Dwiantari, S. (2023). Improving market value of textile and garment company through company growth, company financial performance, and macroeconomics. Jurnal Akuntansi Aktual, 10(1), 69. https://doi.org/10.17977/um004v10i12023p069

同舟云学术

1.学者识别学者识别

2.学术分析学术分析

3.人才评估人才评估

"同舟云学术"是以全球学者为主线,采集、加工和组织学术论文而形成的新型学术文献查询和分析系统,可以对全球学者进行文献检索和人才价值评估。用户可以通过关注某些学科领域的顶尖人物而持续追踪该领域的学科进展和研究前沿。经过近期的数据扩容,当前同舟云学术共收录了国内外主流学术期刊6万余种,收集的期刊论文及会议论文总量共计约1.5亿篇,并以每天添加12000余篇中外论文的速度递增。我们也可以为用户提供个性化、定制化的学者数据。欢迎来电咨询!咨询电话:010-8811{复制后删除}0370

www.globalauthorid.com

TOP

Copyright © 2019-2024 北京同舟云网络信息技术有限公司
京公网安备11010802033243号  京ICP备18003416号-3