Forming Student's Saving Behaviour through Financial Literacy, Parental Financial Education, and Self Control
Abstract
Saving behaviour is highly dependent on the surrounding environment. The current behaviour of saving at this time will carry over to their lives in the future. In the era of globalization and technological developments in finance or what is often referred to as financial technology (fintech), it is very difficult for someone to distinguish between needs and wants. This study aims to analyse the factors that influence students' saving behaviour in terms of financial literacy, parental financial education, and self-control. The research method used a quantitative design with an ex post facto approach through path analysis techniques. The research data collection technique used a questionnaire. The population and research sample were students of Vocational High Schools in West Java. Determination of the number of samples using the purposive sampling method. The results showed that financial literacy significantly affected self-control (Sig. ≤ 0.05), financial education from parents significantly affected self-control (Sig. ≤ 0.05), financial literacy significantly affected saving behaviour (Sig. ≤ 0.05), financial education from parents significantly influences saving behaviour (Sig. ≤ 0.05), and self-control significantly influences saving behaviour (Sig. ≤ 0.05). This shows that to form student saving behaviour, financial literacy, self-control, and financial education from parents are needed.
Keywords
Full Text:
PDFReferences
Adila, R. 2016. OJK Dorong Produktivitas Menabung Masyarakat. http://economy.okezone.com/amp/2016/11/07/320/1534921/ojk-dorong-produktivitas-menabung-masyarakat.
Ajzen, I. 1991. The Theory of Planned Behavior. Organizational Behavior and Human Decision Processes, 5, 179-211. https://doi.org/10.1016/0749-5978(91)90020-T.
Ardiana, M. 2016. Kontrol diri, Pendidikan Pengelolaan Keuangan Keluarga, Pengetahuan Inklusi Keuangan Siswa Pengaruhnya Terhadap Perilaku Menabung Siswa SMK se-Kota Kediri. Jurnal Ekonomi Pendidikan dan Kewirausahaan Unesa, 4(1), 59-79.
Averill, J. 1973. Personal Control over Aversive Stimuli and Its Relationship to Stress. Psychological Bulletin, 80, 286.
Baumeister, R.F. 2002. Yielding to Temptation: Self-Control Failure, Impulsive Purchasing, and Consumer. Journal of Consumer Research, 28(4), 670-676. https://doi.org/10.1086/338209
Biljanovska, N. & Palligkinis, S. 2016. Control thyself: Self-control Failure and Household Wealth. Journal of Banking and Finance, 0, 1-15. https://doi.org/10.1016/j.jbankfin.2016.10.010.
Brown, S. & Taylor, K. 2016. Early Influences on Saving Behaviour: Analysis of British Panel Data, 62, 1-14. https://doi.org/10.1016/j.jbankfin.2015.09.011.
Cronqvist, H. dan Siegel, S. 2010. The origins of savings behavior. Stockholm, Sweden: Institute for Financial Research, SIFR, Drottninggatan 89, SE‐113 60.
Djojohadikusumo, S. 1994. Perkembangan Pemikiran Ekonomi, Dasar Teori Ekonomi Pertumbuhan dan Ekonomi Pembangunan. Jakarta: LP3ES.
Gadinasyin, V. P. 2014. Faktor-faktor Yang Mempengaruhi Perilaku Menabung (Studi Pada Kalangan Mahasiswa Fakultas Ekonomi dan Bisnis Universitas Pendidikan Indonesia). Bandung: Fakultas Ekonomi dan Bisnis, Universitas Pendidikan Indonesia.
Ghufron, M.N & Risnawati, R. 2010. Teori-teori Psikologi. Yogyakarta: Ar-Ruz Media.
Lim, C.S., Sia, B.K, & Gan, G.J. 2011. The Analysis of Psychological Factors Affecting Savers in Malaysia. Middle Eastern Finance and Economics, 12(12), 77-85.
Nababan, D dan Sadalia, I. 2013. Analisis Personal Financial Literacy Dan Financial Behavior Mahasiswa Strata I Fakultas Ekonomi Universitas Sumatera Utara. Jurnal Media Informasi Manajemen, volume 1 no 1.
Nopirin. 1996. Ekonomi Moneter Buku 2. Edisi 1. Yogyakarta: BPFE
Nyhus, E.K. & Webley, P. 2001. The Role of Personality in Household Saving and Borrowing Behaviour. European Journal of Personality, 15(S1), S85-S103. https://doi.org/10.1002/per.422
Otoritas Jasa Keuangan. 2016. Rancangan Peraturan Otoritas Jasa Keuangan Nomor /POJK.07/2016 Tentang Peningkatan Literasi Dan Inklusi Keuangan Di Sektor Jasa Keuangan Untuk Konsumen Dan/Atau Masyarakat. Diakses pada 5 Maret 2016, dari http://www.ojk.go.id/id/regulasi/otoritas-jasa-keuangan/rancangan regulasi/Documents/RPOJK%20Literasi%20dan%20Inklusi%20Keuangan.pdf
Otto, P.E., Chater, N. & Davies, G.B. 2007. Note on Ways of Saving: Mental Mechanisms as Tools for Self-control? Global Business and Economics Review, 9, 227-254. https://doi.org/10.1504/GBER.2007.013703
Perpres. 2016. Peraturan Presiden Republik Indonesia Nomor 82 tahun 2016 Tentang Strategi Nasional Keuangan Inklusif. Jakarta: Peraturan Presiden Republik Indonesia.
Putra, A. 2014. Pengujian Personal Financial Bahavior, Planned Behavior terhadap Self-control Behavior dengan Theory Planned of Behavior. Jurnal Ilmiah Wahana Akuntansi, 9(1), 1-19.
Qamar, M. A. J., Khemta, M. A. N., & Jamil, H. (2016). How knowledge and financial self-efficacy moderate the relationship between money attitudes and personal financial management behavior. European Online Journal of Natural and Social Sciences, 5(2), 296.
Remund, D. L. (2010). Financial literacy explicated: The case for a clearer definition in an increasingly complex economy. Journal of consumer affairs, 44(2), 276-295.
Shim, S., Barber, B. L., Card, N. A., Xiao, J. J., & Serido, J. (2010). Financial socialization of first-year college students: The roles of parents, work, and education. Journal of youth and adolescence, 39(12), 1457-1470.
Sirine, H & Utami, D. S. 2016. Faktor-Faktor Yang Memengaruhi Perilaku Menabung Di Kalangan Mahasiswa. Jurnal Ekonomi dan bisnis, volume 19 no 1.
Sukirno, S. 2004. Pengantar Teori Makroekonomi. Jakarta: PT Raja Grafindo Persada.
Thung, C. M, dkk. 2012. Determinants of Saving Behaviour Among The University Students In Malaysia. Malaysia: Faculty Of Business And Finance, Department Of Commerce And Accountancy, universiti Tunku Abdul Rahman.
Wahana, A. 2014. Analisis Faktor-Faktor Yang Mempengaruhi Perilaku Mahasiswa Dalam Menabung (Studi Kasus Mahasiswa S1 FEB Undip Tembalang). Semarang: Fakultas Ekonomi dan Bisnis, Universitas Diponegoro.
DOI: https://doi.org/10.17509/jpak.v9i2.34944
Refbacks
- There are currently no refbacks.
JPAK : Jurnal Pendidikan Akuntansi dan Keuangan is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
View My Stats