The Influence of Financial Knowledge and Financial Attitudes on Financial Management Behavior with Financial Self-Efficacy as an Intervening Variable
DOI:
https://doi.org/10.64243/JODIGBI.02.3.24Keywords:
Financial Knowledge, Financial Attitudes, Financial Management Behavior, Financial Self-EfficacyAbstract
This study aims to examine how understanding money and people's feelings about money affect how they manage their finances, with financial seIf-efficacy playing a key role in this process key factor in between, specifically among Generation Z and Millennials. The research used a quantitative causal design, and the total number of participants was 119, who were selected through an online survey method. Data analysis was done I used the StructuraI Equation ModeIing-PartiaI Least Squares (SEM-PLS) approach with the SmartPLS 4.0 software to analyze the data. From the testing of the structural model, it is clear that financiaI knowIedge, financiaI attitude, and financiaI seIf-efficacy all have a direct and important positive influence on financiaI management behavior. Financial self-efficacy might be an important link between financiaI knowledge and financial attitudes, which then affect how people manage their money.
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