The Influence of Financial Literacy and Financial Planning on The Personal Financial Management Behavior (A Case Study of Management Students at Pamulang University)
Keywords:
Financial Literacy; Financial Planning; Personal; Management; Financial ManagementAbstract
Low financial literacy is often the main cause of financial problems such as excessive debt and uncontrolled consumptive behavior, particularly among university students who are just beginning to manage their finances independently. Financial planning becomes the next crucial aspect of personal financial management, as it helps individuals allocate income, control expenses, and achieve both short-term and long-term financial goals. This study aims to analyze the influence of financial literacy and financial planning on personal financial management behavior among management students at Pamulang University. The research employs a quantitative descriptive approach using questionnaires as the primary data collection instrument. The sample consists of 100 management students from Pamulang University. The Slovin formula with a 10% margin of error was used to determine the sample size. The data analysis techniques applied include classical assumption tests, t-tests, F-tests, and the coefficient of determination (R²). The results indicate that financial literacy has a positive and significant effect on the personal financial management behavior of management students at Pamulang University. Likewise, financial planning has a positive and significant influence on students’ personal financial management behavior. Furthermore, simultaneously, financial literacy and financial planning have a significant effect on the personal financial management behavior of management students at Pamulang University, highlighting the importance of improving students’ financial awareness through structured education programs.
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