The Influence of Islamic Financial Literacy and Mental Accounting on The Financial Behavior of Students of Pondok Pesantren Datuk Sulaiman

Abstract

Santri now treat their finances more by shopping not according to what is needed but they follow what they see and want. This makes them consumptive. From this problem, one way for them not to have a consumptive nature is to understand the name sharia financial literacy and mental accounting. This study aims to test and analyze the effect of Islamic Financial Literacy and Mental Accounting on the Financial Behavior of Santri Pondok Pesantren Datuk Sulaiman. This study uses causality-based quantitative methodology through distributing questionnaires. In this study the population was Santri Pondok Pesantren Datuk Sulaiman Palopo City. While the sampling technique is purposive sampling with the determination of respondents with the lemeslow formula with 100 respondents. The results of this study indicate that the influence of Financial Literacy and mental accounting has a positive and significant effect on the Financial Behavior of Santri Pondok Pesantren Datuk Sulaiman.