The Influence of Financial Effectiveness and Financial Literacy on the Financial Behavior of Generation Z in Mukomuko Regency, Bengkulu Province

Meli Japriani; Lilis Marlina; Iwil Suprianto

doi:10.47134/aaem.v3i1.767

Authors

Meli Japriani Universitas Negeri Padang
Lilis Marlina Universitas Negeri Padang
Iwil Suprianto Universitas Negeri Padang

DOI:

https://doi.org/10.47134/aaem.v3i1.767

Keywords:

Financial Effectiveness, Financial Literacy, Financial Behavior

Abstract

This study aims to analyze the effect of financial effectiveness and financial literacy on individual financial behavior. The method used is quantitative with a survey approach using a questionnaire as a data collection instrument. The research sample consisted of 60 respondents selected by cluster sampling. Data were analyzed using SmartPLS 4.0 software. The results of the study indicate that financial effectiveness and financial literacy have a positive and significant effect on financial behavior. These findings indicate that an individual's ability to manage finances effectively and the level of understanding of financial concepts play an important role in forming adaptive and responsible financial behavior. The implications of this study emphasize the importance of increasing literacy and effectiveness of financial management to encourage more rational and planned financial decision-making. This study contributes to the development of financial education strategies, especially for generation Z in achieving long-term financial well-being.

References

Ananda, M. D., Kasim, M. Y., Kadang, J., & Fera, F. (2025). The Effectiveness of Financial Planning on the Performance of the Realization of Village Funds : A Study from Palupi Village , Palu City , Indonesia. Golden Ratio of Finance Management, 5(1), 179–186. https://doi.org/10.52970/grfm.v5i1.1045

Ardilla, Ridha, E. S. (2024). Analysis of Financial Literacy, Financial Technology, and Lifestyle on Financial Behavior of Generation Z in Pulo Village. FJHSS (Journal of Humanities and Social Studies), 8(3), 603–609. https://doi.org/10.33751/jhss.v8i3.9609

Bilici, M. R., & Çevik, S. (2023). Financial literacy and cash holdings in Türkiye. Central Bank Review, 15(9), 1303–0701. https://doi.org/10.1016/j.cbrev.2023.100129

Fajari, H., & Rochayatun, S. (2023). The Influence of Financial Literacy and Hedonistic Lifestyle on the Financial Behavior of Generation Z. International Conference of Islamic Economics and Business, 813–820.

Furadantin, N. R. (2024). “Analisis Data Menggunakan Aplikasi SmartPLS v.3.2.7 2018,” Jan. 2018, Accessed: Mar. 04, 2024. Available: https://www.academia.edu/38055252/Analisis Data Menggunakan Aplikasi SmartPLS_v_3_2_7_2 018

Ghozali, I. (2008). Structural Equation Modeling Metode Alternatif dengan Partial Least Square, Edisi 2. Semarang: Badan Penerbit Universitas Diponegoro.

Ghozali, I. (2016). Aplikasi Analisis Multivariete Dengan Program IBM SPSS 23 (Edisi 8). Cetakan ke VIII. Semarang : Badan Penerbit Universitas Diponegoro.

Hair Jr, J., Black, W., Babin, B., & Anderson, R. (2014). Multivariate Data Analysis Seventh Edition "Pearson New International Edition". Edinburgh Gate: Pearson Education Limited.

Hair, J. F., Hult, G. T. M., Ringle, C. M., & Sarstedt, M. (2017). A primer on partial least squares structural equation modeling (PLS-SEM) (2nd Ed). Thousand Oaks: Sage Publications, Inc.

Hong Shan, L., Cheah, K. S. L., & Leong, S. (2023). Leading Generation Z’s Financial Literacy Through Financial Education: Contemporary Bibliometric and Content Analysis in China. SAGE Open, 7(9), 1–18. https://doi.org/10.1177/21582440231188308

Huyasin, Y., & Waskito, I. (2025). The Influence of Financial Literacy , Financial Attitudes , and Financial Experience on Financial Behavior in Islamic Boarding School Managers in East Lombok Regency. East Asian Journal of Multidisciplinary Research (EAJMR), 4(2), 915–928. https://doi.org/10.55927/eajmr.v4i2.26

Kristianti, I. P., & Kristiana, D. R. (2023). Analisa Literasi Finansial, Sikap Finansial, dan Perilaku Finansial pada Milenial dan Generasi Z. Jurnal Riset Akuntansi, 9(1), 105–116. https://doi.org/10.26486/jramb.v9i1.3275

Kristianti, I. P., & Kristiana, D. R. (2023). Analisa Literasi Finansial, Sikap Finansial, dan Perilaku Finansial pada Milenial dan Generasi Z. Jurnal Riset Akuntansi, 9(1), 105-116

Kusnayain, Y. I., Siswanto, E., Kurniawan, D. T., Soesetio, Y., & Istanti, L. N. (2023). Investigating the Role of Gender as Moderator in Relationship Between Financial Behaviour and Financial Risk Attitude Generation Z Students. Investigating the Role of Gender as Moderator, 14–26. https://doi.org/10.2991/978-94-6463-178-43

Li, R., & Wang, Q. (2022). Financial Literacy and the Financial Behavior of College Students in China. Asia-Pacific Journal of Financial Studies, 16(1), 94–113.

Maru, M. et al. (2020). Digital Financial Literacy and Youth Financial Behavior in Southeast Asia. Asian Journal of Business and Accounting, 13(1), 1–22.

Meliana, J. R., & Isbanah, Y. (2023). The Influence of Financial Literacy, Financial Attitude, Social Environment, and Lifestyle on Financial Management Behavior of Generation Z in Sidoarjo. International Management Conference and Progressive Paper, 310–321.

Molina-García, A., Cisneros-Ruiz, A. J., López-Subires, M. D., & Diéguez-Soto, J. (2023). How does financial literacy influence undergraduates’ risk-taking propensity? International Journal of Management Education, 21(3), 1–15. https://doi.org/10.1016/j.ijme.2023.100840

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 (IJIF), 15(2), 20–37. https://doi.org/10.55188/ijif.v15i2.540

Ringle, C. M., Rigdon, E., & Sarstedt, M. (2018, January 15). On Comparing Results from CB-SEM and PLS-SEM: Five Perspectives and Five Recommendations. Retrieved from https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3128192

Setiawan, A., & Rachman, R. (2022). Literasi Keuangan sebagai Faktor Penting dalam Membangun Kemandirian Finansial Generasi Muda. Jurnal Pengembangan Sumber Daya Manusia, 10(4), 344–359.

Sugiyono. (2013). Metodologi Penelitian Kuantitatif, Kualitatif dan R & D. Alfabeta CV.

Trivani, G., & Soleha, E. (2023). The Effect of Financial Literacy, Income and Self Control on Financial Behavior Generation Z (Study on Generation Z Financial Behavior in Bekasi Regency). Economic Education Analysis Journal, 12(1), 69–79. https://doi.org/10.15294/eeaj.v12i1.67452

Wahyuni, U. S. & Setiawati, R. (2022). Pengaruh Literasi Keuangan Dan Gaya Hidup Terhadap Perilaku Keuangan Generasi Z Di Provinsi Jambi. Jurnal Dinamika Manajemen, 10(4), 2355–8148.

Wahyuni, U. S. & Setiawati, R. (2022). Literasi Keuangan dan Perilaku Keuangan Generasi Z di Kabupaten Mukomuko. Jurnal Ekonomi dan Manajemen, 5(2), 154–165.

Yusuf, A., & Rachmawati, S. (2020). Literasi Keuangan dan Perilaku Menabung di Kalangan Mahasiswa. Jurnal Keuangan dan Perbankan, 24(3), 321–330.