The Influence of Financial Literacy and Lifestyle on Student Personal Financial Management

Abstract

Students who have good financial literacy and lifestyle will be able to manage their personal finances well. The aim of this research is to determine the influence of financial literacy and lifestyle on students' personal financial management. The population in this study were Regular Class students, Semester 5 and 7, Management Study Program, Faculty of Economics and Business, Muhammadiyah University of Palopo, totaling 304 students. The sampling technique used purposive sampling, determining the sample using the Slovin formula, totaling 75 respondents. This research method uses quantitative methods, the type of data used is primary data obtained through distributing questionnaires online. Data analysis techniques use validity tests, reliability tests, multiple linear regression analysis, t tests, f tests and coefficient of determination tests using the SPSS 26 application. The t test results show that financial literacy has a positive and significant effect on students' personal financial management. Lifestyle has a positive and significant influence on students' personal financial management. The results of the f test show that financial literacy and lifestyle simultaneously have a positive and significant effect on students' personal financial management.