Personal Financial Knowledge, Attitudes and Personal Financial Management Behavior
Keywords:
Personal Financial Management, Personal Financial Literacy, Personal Financial Management Attitude, Personal Financial Management BehaviorAbstract
The objective of this research was to 1) examine the impact of personal financial management attitude on personal financial management behavior 2) examine the impact of personal financial literacy on personal financial management behavior 3) investigate the impact of personal financial literacy on the relationship between personal financial management attitudes and personal financial management behavior. Data were collected through a questionnaire, utilizing a specific purposive sampling method. The research sample comprised residents of the upper northern region in eight provinces, totaling 400 participants. The data were analyzed using multiple regression analysis. The findings of the study revealed the following: 1) Personal financial management attitude has a positive impact on overall personal financial management behavior, encompassing six dimensions: financial goal setting, income management, expense management, saving, investment, and debt management. 2) Personal financial literacy has a negative impact on personal financial management behavior in terms of financial goal setting, income management, savings, investment, and debt management. 3) Personal financial literacy has a positive impact on the relationship between personal financial management attitude and personal financial management behavior specifically in the area of debt management.
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