The Effect of Financial Literacy, Financial Experience, and Income Level on Family Financial Behavior in Mataram City with Locus of Control as a Mediating Variable
DOI:
https://doi.org/10.31004/joecy.v5i2.1362Keywords:
financial experience, financial literacy, locus of control, income level, financial behaviorAbstract
This study aims to examine and analyze the influence of financial literacy, financial experience, and income level on family financial behavior in Mataram City with locus of control as a mediating variable. Data were obtained using purposive sampling from 270 housewife respondents who manage family finances and analyzed using Structural Equation Modeling with a Partial Least Square approach (SEM-PLS). The results showed that financial literacy and income level had a positive and significant effect on financial behavior, while financial experience had no significant effect. In addition, locus of control was unable to mediate the relationship between financial literacy, financial experience, and income level on financial behavior. These results indicate that external factors such as literacy and income levels are more dominant in influencing financial behavior than internal psychological factors such as locus of control. Thus, financial literacy and economic capacity are very important in shaping healthy financial behavior.
References
Ajzen, I. (1991). The Theory of Planned Behavior. Organization Behavior and Human Decision Processes, 50(2), 179-211.
Arifin, A. Z., Anastasia, I., Siswanto, H. P., & Henny. (2018). The Effect of Financial Attitude, Locus of Control, and Income on Financial Behavior. ICEBM Untar, 59-66.
Atkinson, A., & Messy, F. (2012). Measuring Financial Literacy: Results The OECD/International Network on Financial Education (INFE) Pilot Study. OECD Working Papers on Finance, Insurance and Private Pensions, 1-55.
Bandura, A. (1986). Social Foundations of Thought and Action: A Social Cognitive Theory. Englewood Cliffs, NJ: Prentice Hall.
BPS Kota Mataram. (2022). Kota Mataram dalam Angka 2022. Retrieved from Badan Pusat Statistik Kota Mataram: https://mataramkota.bps.go.id
Grable, J. E., Park, J. Y., & Joo, S. H. (2009). Explaining Financial Management Behavior for Koreans Living in the United States. The Journal of Consumer Affairs, 43(1), 80-107.
Hair, J. F., Hult, G. T., Ringle, C. M., & Sarstedt, M. (2014). A Primer on Partial Least Squares Structural Equation Modeling (PLS-SEM). United States of America: SAGE Publications, Inc.
Husna, N. A., & Lutfi, L. (2022). Perilaku Pengelolaan Keuangan Keluarga: Peran Moderasi Pendapatan. Jurnal Samudra Ekonomi dan Bisnis, 13(1), 15-27.
Kholilah, N. A., & Iramani, R. (2013). Studi Financial Management Behavior Pada Masyarakat Surabaya. 03(02), 69-80.
Kisdayanti, L., & Pertiwi, T. K. (2021). Behavioral Financial Analysis in Internal Locus of Control Mediation on Private Employees Surabaya. International Journal of Entrepreneurship and Business Depelopment (IJEBD), 4(4), 532-542.
Pebriyanti, A., Pinem, D. B., & Sugianto, S. (2020). Analisis Perilaku Manajemen keuangan Pada Ibu Rumah Tangga Desa Cisaat, Waled Cirebon. PROSIDING BIEMA Business Management, Economic, and Accounting National Seminar, 367-382.
Perry, V. G., & Morris, M. D. (2005). The Role of Self Perception, Knowledge, and Income in Explaining Consumer Financial Behavior. Journal of Consumer Affairs, 29(2), 299-313.
Purwidianti, W., & Mudjiyanti, R. (2016). Pengaruh Pengalaman Keuangan Dan Tingkat Pendapatan Terhadap Perilaku Keuangan Keluarga Di Kecamatan Purwokerto Timur. 1(2), 141-148.
Rahmawati, N. W., & Haryono, N. A. (2020). Analisis Faktor yang Mempengaruhi Financial Management Behavior Dengan mediasi Locus of Control. Jurnal Ilmu Manajemen, 8(2), 549-563.
Rotter, J. B. (1954). Social Learning and Clinical Psychology. Englewood Cliffs, NJ: Prentice Hall.
Santoso, R. A., Vilantika, E., Soelistya, D., & Liu, Y. (2024). Locus of Control Mediates The Impact of Financial Knowledge, Attitudes, and Experience on Financial Behavior. Jurnal Manajemen Bisnis, 15(2), 1-13.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2025 Rizkian Sulistia, Wirawan Suhaedi
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
