Faculty of Economy, Sarjanawiyata Tamansiswa University
Jl. Kusumanegara No. 157 Umbulharjo Yogyakarta.
Abstract
This research is motivated by the financial problems experienced by Generation Z in the current era of globalization. The problem is marked by the consumptive behavior exhibited by Generation Z, such as spending money on the internet, making excessive expenditures, and prioritizing lifestyle needs. Therefore, financial management behavior is needed by Generation Z to address these financial problems. This research aims to identify the factors that influence financial management behavior. This research uses a quantitative method, with a sample size of 171 Generation Z individuals in Yogyakarta. Data analysis technique using SPSS version 25. The results of this study indicate that the variables of financial literacy, financial attitude, and financial self-efficacy have a positive and significant impact on financial management behavior. Meanwhile, the variable of locus of control does not have an impact on financial management behavior. Good financial literacy can improve personal financial well-being. A good financial attitude towards financial self-efficacy will help Generation Z in budgeting their money, managing their finances, and making decisions about long-term savings. The results of this research are expected to provide insights about financial management to everyone, especially Generation Z.
Keywords: financial literacy, financial attitude, locus of control, financial self-efficacy, and financial management behavior.
