GENERATION Z’S PERSONAL FINANCIAL MANAGEMENT BEHAVIOUR: THE ROLE OF FINANCIAL TECHNOLOGY
Abstract
This study is inspired by the declining quality of Generation Z's financial management behavior, most easily influenced by technological advancements and modernity. Along with advancements in financial technology, Generation Z prioritizes purchasing desirable products over assigning fixed or obligatory expenses. The goal of this study is to examine how financial technology affects Generation Z's financial management behavior, as modified by lifestyle characteristics and mediated by locus of control variables. This study's technique is quantitative. This study's population is Generation Z from Kedungwaru District, Tulungagung Regency. The sampling approach employed is disproportionate stratified random sampling (non-proportional stratified random sample), with the number of samples determined by the Slovin formula to get 116 research samples. Primary data was collected through the distribution of questionnaires. SEM-PLS is used to analyze technical data, including measurement and structural models. The findings revealed that financial technology has an influence on locus of control but has no effect on Generation Z's financial management behavior. Locus of control has the potential to mediate the impact of financial technology on Generation Z's financial management behavior. However, lifestyle moderating variables had little effect on the connection between financial technology variables and personal financial management behavior among Generation Z.
References
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Juita, V., Firdaus, F., & Hermanto, T. N. P. (2020). Studi Prilaku Pengguna Layanan Financial Technology (Fintech) di Indonesia: Analisa Persepsi Risiko dan Manfaat. Jurnal Inovasi Pendidikan Ekonomi (JIPE), 10(2), 118. https://doi.org/10.24036/011100040
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Kusnandar, D. L., & Kurniawan, D. (2020). Literasi Keuangan Dan Gaya Hidup Ibu Rumah Tangga Dalam Membentuk Perilaku Keuangan Di Tasikmalaya. Sains: Jurnal Manajemen Dan Bisnis, 13(1), 123. https://doi.org/10.35448/jmb.v13i1.7920
Marisa, O. (2020). Persepsi Kemudahan Penggunaan, Efektivitas, dan Risiko berpengaruh terhadap Minat Bertransaksi Menggunakan Financial Technology. Jurnal Administrasi Kantor, 8(2), 139–152. http://www.ejournal-binainsani.ac.id/index.php/JAK/article/view/1448%0Ahttp://www.ejournal-binainsani.ac.id/index.php/JAK/article/download/1448/1241
Nafitri, S. D., & Wikartika, I. (2023). The Influence of Income, Lifestyle and Financial Literacy on Financial Behavior in Management Students of Universitas Pembangunan Nasional “Veteran” East Java. Management Studies and Entrepreneurship Journal, 4(1), 766–774. http://journal.yrpipku.com/index.php/msej
Nair, G. K. (2018). Dynamics of Locus of Control, Financial Knowledge, Financial Behaviour and Financial Position: An Empirical Study. Emerging Markets Journal, 7(2), 58–66. https://doi.org/10.5195/emaj.2018.134
Novianti, R., & Retnasih, N. R. (2023). Financial Literacy, Financial Technology (FinTech), and Locus of Control on Financial Management Behavior. Ekonomis: Journal of Economics and Business, 7(1), 422. https://doi.org/10.33087/ekonomis.v7i1.824
OJK. (2022, October 22). Generasi Muda Sehat Finansial? Bisa! https://sikapiuangmu.ojk.go.id/FrontEnd/CMS/Article/40776
Palupi, D. E., & Hapsari, M. T. (2022). Pengaruh Pengetahuan Keuangan Dan Locusof Controlpada Perilakumanajemen Keuangan Personal (Studi Pada Mahasiswa Manajemen Keuangan Syariah Angkatan 2018 – 2020 Uin Sayyid Ali Rahmatullah Tulungagung). Prima Ekonomika, 13(1), 40–52.
Patrisia, D., Abror, A., Dastgir, S., & Rahayu, R. (2023). GENERATION Z’s FINANCIAL BEHAVIOUR: THE ROLE OF ISLAMIC FINANCIAL LITERACY. ISRA International Journal of Islamic Finance, 15(2), 20–37. https://doi.org/10.55188/ijif.v15i2.540
Pillai, D., Singh, A. S., Bhosale, T., & Doifode, A. (2023). A Perspective on the Application of Fintech as a Gateway for Financial Literacy. International Conference on Information Technology (ICIT), 811–814. https://doi.org/10.1109/ICIT58056.2023.10225810
Putri, I. R., & Tasman, A. (2019). Pengaruh Financial Literacy dan Income terhadap Personal Financial Management Behavior pada Generasi Millennial Kota Padang. Jurnal Kajian Manajemen Dan Wirausaha, 01(01), 151–160.
Restianti, R., Sakti, D. P. B., & Suryani, E. (2022). Pengaruh Financial Behavior, Financial Literacy, Financial Technology Terhadap Keputusan Berinvestasi Gen Z. Jurnal Sosial Ekonomi Dan Humaniora, 8(3), 384–390. https://doi.org/10.29303/jseh.v8i3.135
Rifdani, R., & Cerya, E. (2022). Bagaimana Literasi Keuangan Mempengaruhi Perilaku Pengelolaan Keuangan Pribadi Mahasiswa Pendidikan Ekonomi ? Jurnal Ecogen, 5(1), 102. https://doi.org/10.24036/jmpe.v5i1.12779
Umniyyah, I. (2023). Pengaruh financial literacy, locus of control, income, hedonism lifestyle dan optimism terhadap financial behavior generasi milenial. Jurnal Ilmu Manajemen , 11, 706–714.
Velya Anggraini, Fera Sriyunianti, & Armel Yentifa. (2022). Pengaruh Financial Literacy, Financial Attitude dan Locus of control terhadap Financial Management Behavior (Studi Kasus pada Mahasiswa Bidikmisi dan Non Bidikmisi Jurusan Akuntansi Politeknik Negeri Padang). Jurnal Akuntansi, Bisnis Dan Ekonomi Indonesia (JABEI), 1(1), 116–128. https://doi.org/10.30630/jabei.v1i1.21
Wahyudi, W., Tukan, B. A. P., & Pinem, D. (2020). Analysis of the Effect of Financial Literation, Financial Technology, Income, and Locus of Control on Lecturer Financial Behavior. AFEBI Management and Business Review, 5(1), 37. https://doi.org/10.47312/ambr.v5i1.293
Wiranti, A. (2022). Pengaruh Financial Technology, Financial Literacy, Financial Knowledge, Locus Of Control, Dan Income Terhadap Perilaku Keuangan. Jurnal Ilmu Manajemen, 10(2), 475–488.
Akib, R., Jasman, J., & Asriany. (2022). Pengaruh Financial Technology terhadap Perilaku Keuangan Dimoderasi dengan Locul of Control. SEIKO : Journal of Management & Business, 6(1), 558–572. https://doi.org/10.37531/sejaman.v6i1.3729
Ardhana, Y., & Linda, R. (2023). Pengaruh Financial Technology, Financial Literacy, Financial Attitude, Dan Locus of Control Terhadap Financial Management Behavior (Studi Kasus Pada Mahasiswa Perguruan Tinggi Di Kota Pekanbaru). Jurnal Embistek, 2(2), 1–6. https://embistek.org/jurnal/index.php/embistekvolume
Asandimitra, N. L. R. & N. (2018). Pengaruh demografi, financial knowledge, financial attitude, locus of control dan financial self-efficacy terhadap financial management behavior masyarakat surabaya. Jurnal Ilmu Manajemen, 6(2010), 1–107. oai:ojs.journal.unesa.ac.id:article/23846
Cahyani, N. R. (2022). Pengaruh Financial Literacy, Locus of Control, Income, dan Hedonism Lifestyle Terhadap Financial Management Behavior Generasi Z. Jurnal Ilmu Manajemen, 10, 421–432. https://journal.unesa.ac.id/index.php/jim/article/view/17736
Diskhamarzaweny, D., Irwan, M., & Dewi, D. K. (2022). Pengaruh Literasi Keuangan, Sikap Keuangan, Dan Gaya Hidup Terhadap Perilaku Manajemen Keuangan Mahasiswa Program Studi Akuntansi Universitas Islam Kuantan Singingi. Jurnal Ekonomi Al-Khitmah, 4(1), 35–49. http://www.ejournal.uniks.ac.id/index.php/KHITMAH/article/view/2514
Fauziyah, A., Hapsari, M. T., Sayyid, U., & Tulungagung, A. R. (2022). The Effect Of Financial Knowledge And Financial Attitude On Personal Financial Management Behavior In Zgeneration In Juwet Kunjang Village, Kediri Regency. Management Studies and Entrepreneurship Journal, 3(2), 799–807. https://doi.org/https://doi.org/10.37385/msej.v3i2.553
Goyal, K., Kumar, S., & Xiao, J. J. (2021). Antecedents and consequences of Personal Financial Management Behavior: a systematic literature review and future research agenda. International Journal of Bank Marketing, 39(7), 1166–1207. https://doi.org/10.1108/IJBM-12-2020-0612
Gunawan, A., Pirari, W. S., & Sari, M. (2020). Pengaruh Literasi Keuangan dan Gaya Hidup Terhadap Pengelolaan Keuangan Mahasiswa Prodi Manajemen Universitas Muhammadiyah Sumatera Utara. Jurnal Humaniora : Jurnal Ilmu Sosial, Ekonomi Dan Hukum, 4(2), 23–35. https://doi.org/10.30601/humaniora.v4i2.1196
Haqiqi, A. F. Z., & Pertiwi, T. K. (2022). Pengaruh Financial Technology, Literasi Keuangan dan Sikap Keuangan terhadap Perilaku Keuangan Generasi Z di Era Pandemi Covid-19 pada Mahasiswa UPN “Veteran” Jawa Timur. SEIKO : Journal of Management & Business, 5(2), 355–367. https://www.journal.stieamkop.ac.id/index.php/seiko/article/view/2301
Hariyani, R. (2024). Pengaruh Financial Technology, Locus of Control, dan Literasi Keuangan Terhadap Perilaku Keuangan Mahasiswa. Jurnal Perspektif, 22(1), 16–21. https://doi.org/10.31294/jp.v22i1.20297
Hidayat, I. A., & Asiyah, B. N. (2022). Pengaruh Gender, Kecerdasan Spiritual, dan Status Sosial Ekonomi Orang Tua terhadap Manajemen Keuangan Pribadi Mahasiswa Non Febi UIN Satu Tulungagung Angkatan 2018. Yume : Journal of Management, 5(2), 463–478. https://doi.org/10.2568/yum.v5i2.2657
Hidayati, A. R., & Nugroho, D. S. (2023). Effect of Financial Literacy and Fintech Payment of Financial Management Behavior with Internal Locus of Control as Moderator. Journal of Business Management and Economic Development, 1(02), 221–229. https://doi.org/10.59653/jbmed.v1i02.124
Juita, V., Firdaus, F., & Hermanto, T. N. P. (2020). Studi Prilaku Pengguna Layanan Financial Technology (Fintech) di Indonesia: Analisa Persepsi Risiko dan Manfaat. Jurnal Inovasi Pendidikan Ekonomi (JIPE), 10(2), 118. https://doi.org/10.24036/011100040
Katadata Insight, C. (2021). Perilaku Keuangan Generasi Z dan Y. In PT Katadata Indonesia (Issue September). https://cdn1.katadata.co.id/media/microsites/zigi/perilakukeuangan/file/KIC- ZIGI_ Survei Perilaku Keuangan 130122.pdf
Kusnandar, D. L., & Kurniawan, D. (2020). Literasi Keuangan Dan Gaya Hidup Ibu Rumah Tangga Dalam Membentuk Perilaku Keuangan Di Tasikmalaya. Sains: Jurnal Manajemen Dan Bisnis, 13(1), 123. https://doi.org/10.35448/jmb.v13i1.7920
Marisa, O. (2020). Persepsi Kemudahan Penggunaan, Efektivitas, dan Risiko berpengaruh terhadap Minat Bertransaksi Menggunakan Financial Technology. Jurnal Administrasi Kantor, 8(2), 139–152. http://www.ejournal-binainsani.ac.id/index.php/JAK/article/view/1448%0Ahttp://www.ejournal-binainsani.ac.id/index.php/JAK/article/download/1448/1241
Nafitri, S. D., & Wikartika, I. (2023). The Influence of Income, Lifestyle and Financial Literacy on Financial Behavior in Management Students of Universitas Pembangunan Nasional “Veteran” East Java. Management Studies and Entrepreneurship Journal, 4(1), 766–774. http://journal.yrpipku.com/index.php/msej
Nair, G. K. (2018). Dynamics of Locus of Control, Financial Knowledge, Financial Behaviour and Financial Position: An Empirical Study. Emerging Markets Journal, 7(2), 58–66. https://doi.org/10.5195/emaj.2018.134
Novianti, R., & Retnasih, N. R. (2023). Financial Literacy, Financial Technology (FinTech), and Locus of Control on Financial Management Behavior. Ekonomis: Journal of Economics and Business, 7(1), 422. https://doi.org/10.33087/ekonomis.v7i1.824
OJK. (2022, October 22). Generasi Muda Sehat Finansial? Bisa! https://sikapiuangmu.ojk.go.id/FrontEnd/CMS/Article/40776
Palupi, D. E., & Hapsari, M. T. (2022). Pengaruh Pengetahuan Keuangan Dan Locusof Controlpada Perilakumanajemen Keuangan Personal (Studi Pada Mahasiswa Manajemen Keuangan Syariah Angkatan 2018 – 2020 Uin Sayyid Ali Rahmatullah Tulungagung). Prima Ekonomika, 13(1), 40–52.
Patrisia, D., Abror, A., Dastgir, S., & Rahayu, R. (2023). GENERATION Z’s FINANCIAL BEHAVIOUR: THE ROLE OF ISLAMIC FINANCIAL LITERACY. ISRA International Journal of Islamic Finance, 15(2), 20–37. https://doi.org/10.55188/ijif.v15i2.540
Pillai, D., Singh, A. S., Bhosale, T., & Doifode, A. (2023). A Perspective on the Application of Fintech as a Gateway for Financial Literacy. International Conference on Information Technology (ICIT), 811–814. https://doi.org/10.1109/ICIT58056.2023.10225810
Putri, I. R., & Tasman, A. (2019). Pengaruh Financial Literacy dan Income terhadap Personal Financial Management Behavior pada Generasi Millennial Kota Padang. Jurnal Kajian Manajemen Dan Wirausaha, 01(01), 151–160.
Restianti, R., Sakti, D. P. B., & Suryani, E. (2022). Pengaruh Financial Behavior, Financial Literacy, Financial Technology Terhadap Keputusan Berinvestasi Gen Z. Jurnal Sosial Ekonomi Dan Humaniora, 8(3), 384–390. https://doi.org/10.29303/jseh.v8i3.135
Rifdani, R., & Cerya, E. (2022). Bagaimana Literasi Keuangan Mempengaruhi Perilaku Pengelolaan Keuangan Pribadi Mahasiswa Pendidikan Ekonomi ? Jurnal Ecogen, 5(1), 102. https://doi.org/10.24036/jmpe.v5i1.12779
Umniyyah, I. (2023). Pengaruh financial literacy, locus of control, income, hedonism lifestyle dan optimism terhadap financial behavior generasi milenial. Jurnal Ilmu Manajemen , 11, 706–714.
Velya Anggraini, Fera Sriyunianti, & Armel Yentifa. (2022). Pengaruh Financial Literacy, Financial Attitude dan Locus of control terhadap Financial Management Behavior (Studi Kasus pada Mahasiswa Bidikmisi dan Non Bidikmisi Jurusan Akuntansi Politeknik Negeri Padang). Jurnal Akuntansi, Bisnis Dan Ekonomi Indonesia (JABEI), 1(1), 116–128. https://doi.org/10.30630/jabei.v1i1.21
Wahyudi, W., Tukan, B. A. P., & Pinem, D. (2020). Analysis of the Effect of Financial Literation, Financial Technology, Income, and Locus of Control on Lecturer Financial Behavior. AFEBI Management and Business Review, 5(1), 37. https://doi.org/10.47312/ambr.v5i1.293
Wiranti, A. (2022). Pengaruh Financial Technology, Financial Literacy, Financial Knowledge, Locus Of Control, Dan Income Terhadap Perilaku Keuangan. Jurnal Ilmu Manajemen, 10(2), 475–488.
Published
2024-09-26
How to Cite
HIDAYATI, Amalia Nuril et al.
GENERATION Z’S PERSONAL FINANCIAL MANAGEMENT BEHAVIOUR: THE ROLE OF FINANCIAL TECHNOLOGY.
Proceedings of the International Conference of Islamic Economics and Business (ICONIES), [S.l.], v. 10, n. 1, p. 777-788, sep. 2024.
ISSN 2541-3333.
Available at: <https://conferences.uin-malang.ac.id/index.php/iconies/article/view/3011>. Date accessed: 02 apr. 2026.
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Articles
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