The Effect of Financial, Attitude, and Financial Knowledge
on the Personal Finance Management of
College Collage Students
Raras Risia Yogasnumurti, Isfenti Sadalia, and Nisrul Irawati
Department of Magister Management, Universitas Sumatera Utara, Jl. Sivitas Akademika Kampus USU, Medan, Indonesia
Keywords: Financial Attitude, Financial Knowledge, and Personal Financial Management
Abstract: College collage studentss are one part of the community involved in the use of finance to be used in the level
of daily consumption. Collage studentss of the Faculty of Economics and Business of Islam, North Sumatra
State Islamic University (UINSU) - Medan who have indeed studied matters relating to economics and finance
that should have added value better than other circles. Therefore, it is very important for collage studentss to
know and apply the meaning of personal financial management to be able to become collage studentss who
are good at managing finances and living more prosperously in the future. Researchers are interested in
knowing whether there is an influence between the level of financial knowledge of a collage students on
personal financial management. The study was conducted at the Faculty of Economics and Islamic Business
UINSU-Medan by taking collage studentss as the population. The sample of respondents as many as 98
collage studentss. By applying method using the SPSS Version 23 tool, it can be concluded that Financial
Attitude has a positive and significant effect on Personal Financial Management. Financial Knowledge has a
positive and significant effect on Personal Financial Management. Financial Attitude and Financial
Knowledge have a positive and significant effect on Personal Financial Management.
1 INTRODUCTION
The increasing needs and desires of Indonesian
people caused by the development of human
civilization that is increasingly advanced. Working
and earning income is one way to fulfill it. After
getting it, individuals also need to manage income
well so that they can use it with their respective
portions. One intelligence that must be possessed by
modern humans is financial intelligence, which is
intelligence in managing personal financial assets.
Some people tend to store a lot of information,
some want to gather information before making a
purchase, and some people want to follow their
instincts. By applying the correct way of financial
management, the individual is expected to get the
maximum benefit from the money he has. Collage
studentss as young people not only face increasing
complexity in financial products, services and
markets, but they are more likely to have to bear
greater financial risks in the future.
Many people who do not understand about
finance cause them to suffer losses, either due to a
decline in economic conditions and inflation or
because the development of an economic system that
tends to be wasteful because people are increasingly
consumptive. Many people who use home loans and
credit cards, but because of lack of knowledge, not a
few who suffer losses or often occur differences in
calculations between consumers and banks. Many
people are still unable to invest or access the capital
market and money market, because people do not
have the knowledge enough about it. Meanwhile,
education about finance (financial education) is still a
big challenge in Indonesia. Financial education is a
long process that spurs individuals to have financial
plans in the future in order to obtain prosperity in
accordance with the patterns and lifestyles they live (
Nababan and Sadalia, 2013).
Understanding financial attitude (financial
attitude) according to Pankow (2003) as quoted by
Ningsih and Rita (2010), namely financial attitude is
defined as a state of mind, opinion, and assessment of
finance. Personal financial attitude is an important
contributor to the success or failure of consumer
finance. thus, several studies have been carried out to
Yogasnumurti, R., Sadalia, I. and Irawati, N.
The Effect of Financial, Attitude, and Financial Knowledge on the Personal Finance Management of College Collage Students.
DOI: 10.5220/0009329206490657
In Proceedings of the 2nd Economics and Business International Conference (EBIC 2019) - Economics and Business in Industrial Revolution 4.0, pages 649-657
ISBN: 978-989-758-498-5
Copyright
c
ξ 2021 by SCITEPRESS β Science and Technology Publications, Lda. All rights reserved
649
examine the management of collage students finances
either from one's own financial attitude or in
conjunction with financial knowledge and financial
behavior. So it can be interpreted that a person's
attitude refers to how they feel about personal
financial problems that can be measured by responses
to a statement or opinion (Marsh, 2006). Financial
attitude will help individuals in determining their
attitudes and behavior both in terms of financial
management, financial budgeting and making
decisions.
In a simple sense personal finance consists of 2
(two) parts. "Finance" relating to finance, or money,
or can also be interpreted as the science of managing
money. "Personal" means a person, or someone. In
this context, personal finance can be defined as the
financial management of individuals or families
needed to get a budget, savings, and spend resources
over time, taking into account various financial risks
for the future.
Good personal financial management is not
enough for collage studentss and collage studentss in
planning, budgeting, examining, managing,
controlling, searching and storing daily financial
funds properly. Therefore financial education is
needed for the introduction of financial knowledge so
that collage studentss and collage studentss can get to
know and know how financial management actually
takes a responsible decision. Financial knowledge
(financial knoeledge) at this time is needed, because
the community at the time nowadays tend to buy
something in accordance with their wishes. To have
financial knowledge it is necessary to develop
financial skills and learn to use financial tools. Setting
up a budget, choosing an investment, choosing an
insurance plan and using credit are examples of
financial skills. Financial skills are a technique for
making decisions in personal financial management.
Financial tools are forms and charts used in making
personal financial management decisions (such as
checks, credit cards, debit cards) (Ida and Chintia
Yohana Dwinta, 2010).
Collage studentss are one part of the community
involved in the use of finance to be used in the level
of daily consumption. Consumptive and instant life
style makes collage studentss often spend money to
buy what they really don't need. Moreover, nowadays
technology is increasingly developing, so they can
easily buy anything they want through online shop.
Increasing the activity of collage studentss in
searching for goods through online shop will certainly
increase the use of pulsadi compared to those who are
not online. While problems in holding money most
experienced by collage studentss, especially those
who are not at home with their parents. This is
because collage studentss are in a transition from
dependence to financial independence.
Figure 1.
Most of the collage students of the Faculty of
Economics and Business Islam, North Sumatra State
Islamic University Medan are overseas collage
studentss and far from parents, in meeting the
necessities of life, always waiting for parental
deliveries of 14 people (47%). In addition there are
also those who are outside the city of Medan (Binjai,
Stabat, Perbaungan, Lubuk Pakam and Belawan) but
not as many as 9 boarders (30%). They use private
and public transportation to access universities that
are not nearby. And the category in Medan (living
with parents / guardians) is 7 people (23%). The
attitude of collage studentss in allocating money from
parents / guardians depends on their individual
behavior. Some groups of collage studentss spend all
remittances from their parents, even they always ask
for additional transfers.
Figure 2.
Diagram 1.2. shows of 30 collage studentss 12
people who already have jobs such as opening an
online business, teaching private tutoring, working in
restaurants, opening a culinary business, working in a
workshop and others. Eighteen people who only rely
on monthly money from parents / family without
work, if they are not good at managing their finances,
the funds prepared for a month can be used up within
a week. Managing collage students finances that has
worked in contrast to collage studentss who have not
EBIC 2019 - Economics and Business International Conference 2019
650
yet worked because they can value money more. They
better understand how difficult it is to get money,
different from collage studentss who get money only
by asking parents / guardians.
For collage studentss, personal financial
management is not an easy thing to do because there
are only difficulties faced, one of which is the
phenomenon of consumer behavior that develops.
Consumptive behavior encourages people to
consume goods or services excessively without
paying attention to the scale of priorities. / guardian,
or monthly money that is untimely, due to the
depletion of funds due to unexpected needs, or due to
wrong personal financial management (no
budgeting), as well as lifestyles and wasteful
consumption patterns.
Figure 3.
Collage studentss who do not make a monthly
budget get 73% (22 people), this shows that there are
still few collage studentss who routinely make a
budget as shown in diagram 1.3, which is as much as
27% (8 people). This makes it difficult for collage
studentss to apply personal financial management,
because they do not make financial details every
month. Collage studentss of the Faculty of Economics
and Business of Islam, North Sumatra State Islamic
University (UINSU) - Medan who have indeed
studied matters relating to economics and finance that
should have added value that is better than other
circles. Therefore, it is very important for collage
studentss to know and apply the meaning of personal
financial management to be able to be a collage
students who is good at managing finances and living
more prosperously in the future. Researchers are
interested in knowing whether there is an influence
between the level of financial knowledge of a collage
students on personal financial management.
1.1 Formulation of the Problem
Based on the background, the main problem that will
be resolved from this research is how financial
attitudes and financial knowledge that have been done
by collage studentss in conducting personal financial
management of the Faculty of Economics and Islamic
Business UINSU - Medan.
In connection with this problem, several questions
need to be answered:
1) Does financial attitudes have a significant effect
on personal financial management?
2) Does financial knowledge have a significant
effect on personal financial management?
3) Does financial attitude and financial knowledge
have a significant effect on personal financial
management?
4) Does gender moderate the effect of financial
attitude and financial knowledge on personal
financial management?
1.2 Research Purposes
Referring to the above research problem formulation,
the purpose of this study is to obtain a policy / formula
design and an effective strategy implemented to
improve collage students personal financial
management. For this we need to analyze:
1) Analyzing financial attitude has a significant
effect on personal financial management.
2) Analyzing financial knowledge has a significant
effect on personal financial management.
3) Analyzing financial attitude and financial
knowledge has a significant effect on personal
financial management.
4) Analyzing gender moderates the effect of
financial attitude and financial knowledge on
personal financial management.
2 LITERATURE REVIEW
2.1 Description of Theory
2.1.1 Financial Attitude
Financial attitude is a state of a person towards
finance that is applied to attitude. Attitudes are part of
beliefs, feelings-assessed feelings and intentional
behavior towards people, objects, and events (an
attitude object) (Taufiq Amir, 2017: 31). Attitudes are
evaluative statements both pleasant and unpleasant
toward objects, individuals , and events (Robbins &
Judge, 2008).
According to Ersha Amanah, Dadan and Aldila
(2016), attitude is a measure, opinion and rating of a
person towards the world in which they live. And
according to Pankow (2003), attitude is a measure of
a person's state of mind, opinion and assessment of
the world he lives in. So that financial attitude is a
The Effect of Financial, Attitude, and Financial Knowledge on the Personal Finance Management of College Collage Students
651
person's condition, opinion or assessment of money
that is applied or applied to attitude. Based on the
research of Hayhoe, et al (1999), the financial attitude
possessed by a person will influence and assist the
individual in behaving and behaving towards
finances. Both in managing, budgeting and decisions
to be taken. Financial attitudes can be influenced by
family, school and so on. If an individual is in a good
financial management environment, then the
individual will automatically be able to manage
finances well too.
Financial attitudes can be reflected by the
following six concepts (Furnham, 1984), namely:
a. Obsession, refers to a person's mindset about
money and their perception of the future to
manage money well.
b. Power, which refers to someone who uses money
as a tool to control others and according to him
money can solve problems.
c. Effort, refers to someone who feels worthy of
having money from what he has done.
d. Inadequacy, refers to someone who always feels
that he doesn't have enough money.
e. Retention, refers to someone who has a tendency
not to want to spend money.
f. Security, referring to someone's very old-
fashioned view of money as the assumption that
money is better to be kept alone without saving in
a bank or for investment.
The instrument used in financial attitude research
adopted a study conducted by Zahroh (2014). The
indicators used are:
a. Orientation towards personal finance: habits in
planning financial budgets.
b. Debt philosophy: The negative attitude used when
collage students financial security is limited.
c. Money security: Collage studentss will feel secure
in their financial condition.
d. Assessing personal finance: Personal finance
that reflects the nature of collage studentss.
2.1.2 Financial Knowledge
Knowledge refers to what individuals know about
personal financial matters, as measured by their level
of knowledge about various personal financial
concepts. According to Kholilah and Iramani,
Financial Knowledge, is one's mastery of various
things about the world of finance (2013). Youth learn
about money mostly from school and parents, with an
emphasis on savings (Chowa, et.al, 2012). In its
development, knowledge about finance began to be
introduced to various levels of education.
To handle personal finance systematically and
successfully, knowledge is needed. Financial
knowledge hasa relationship with financial literacy
and financial education. Financial literacy is
knowledge of facts, concepts, principles, and
technological tools to find out about finance (Garman
and Gappinger, 2008). Mason and Wilson (2000),
financial literacy is the process by which individuals
use skills, resources, and knowledge to process
information and make decisions with knowledge
about financial decisions. Meanwhile, according to
Lusuardi (2008), financial literacy is defined as
knowledge of basic financial concepts including
multiple knowledge, differences in nominal values
and real values, basic knowledge about risk
diversification, time value of money and others.
Financial knowledge is important to know the
financial knowledge that is used for daily needs and
long-term needs. Many collage studentss do not
understand finance so that it can cause collage
studentss to experience wasteful or tend to be
wasteful of collage studentss who are increasingly
consumptive.
2.1.3 Personal Financial Management
Financial management is management that regulates
all matters related to financial or funding issues. So,
financial management is often defined as a way of
planning, budgeting, checking, managing,
controlling, finding and saving funds or money for an
institution or company. For personal financial
management, of course the understanding can be
more concise, namely how to manage income,
expenses, spending on basic needs and personal
savings.
Humans have needs and desires. Meeting the
needs of life is the main goal of personal financial
management. Then, after various needs are met, then
you fulfill your desires. The following are some types
of needs according to the level that needs to be met
first:
a. Primary needs are basic needs that absolutely
must be met by humans. This need is very
important. Usually, humans will work to be able
to meet their primary needs first. Included in
primary needs are food, drink, clothing and
shelter.
b. Secondary needs are supporting human primary
needs. Secondary needs are only thought of by
humans when their primary needs have been met.
Examples are nutritious food and drink, clean and
neat clothes, owning a home, health and seeing a
doctor when sick, having a vehicle, schooling
EBIC 2019 - Economics and Business International Conference 2019
652
education, simple entertainment and saving
money.
c. Tertiary needs are supporting primary and
secondary needs. These needs can be met if the
primary and secondary needs have been met.
Examples are eating and drinking in luxury
restaurants, dressed in boutique or well-known
brands, owning luxury homes, seeing doctors and
the best hospitals, owning luxury vehicles,
education in elite schools, entertainment abroad,
saving and investing.
The Following are some source of personl finance
is like works, Running a business, Giving, and
investmen. According to Luqyan and Murniati
(2018), there are several parts in managing personal
finances, namely:
a. Managing Income
Revenue management (managing income) is
the most important part in financial planning
because without income and a clean source, any
good financial planning will be in vain. One of the
good things about planning is the return of
financial control to our own hands. It said 'back'
because it was a habit when it came to money,
often leaving it out of control, especially for
expenses. The ability to control finances is the key
to being able to live in peace and blessings.
b. Managing Needs
A simple definition of needs is anything
without these items that will suffer, generally
called very basic needs, such as food, clothing and
shelter. Revenue allocated for several expenses
can be grouped in several important items
according to the desired priority scale.
c. Managing Dreams / Wants
Desires or dreams are things that are desired to
complete life can be due to provide comfort or
beautify the environment around us. Simply wants
are all needs that have a secondary dimension.
There are no special restrictions that govern wants
because the desires of each individual are very
relative and vary according to the times, where
they live, or the socioeconomic conditions of
each. That must be considered are excessive signs
and redundant.
3 METHOD
3.1 Research Type
This type of research is descriptive and associative
research. Descriptive and associative research is
carried out because of the variables to be examined in
relation to and the purpose of presenting a structured,
factual and accurate picture of the facts and the
relationships between the variables studied.
Descriptive according to Sugiyono (2014: 53), which
is a problem statement regarding the question of the
existence of an independent variable, whether only on
one or more variables (the independent variable is a
standalone variable, not an independent variable
always paired with the dependent variable).
This descriptive method is a method that aims to
find out the nature and deeper relationship between
two variables by observing certain aspects more
specifically to obtain data in accordance with existing
problems with research objectives, where the data is
processed, analyzed, and processed furthermore with
the basic theories that have been studied so that the
data can be drawn a conclusion. In this research,
descriptive is used to explain the influence of
financial attitude, financial knowledge, personal
financial management, and gender on the collage
studentss of the Faculty of Economics and Islamic
Business UINSU-Medan.
While associative according to Sugiyono (2014:
55) is associative research is a study of two or more
variables. In this research, a theory can be built that
can serve to explain, predict and control a
phenomenon. In this study, the associative method is
used to explain the effect of financial attitude,
financial knowledge, personal financial management,
and gender (moderating variables) on collage
studentss of the Faculty of Economics and Islamic
Business UINSU-Medan.
3.2 Data Collection Methods
3.2.1 Population
Population is a whole individual or a certain object or
size obtained from all certain individuals or objects to
be studied that have certain characteristics, clear and
complete. The population in this study are all collage
studentss who are still actively studying at the Faculty
of Economics and Islamic Business, State Islamic
University of North Sumatra (UINSU) - Medan. The
collage students population used as a reference is the
total number of collage studentss who are still active
in college starting from the first semester to the last
semester, active collage studentss were recorded from
2015 to 2018 as many as 4,363 people.
3.2.2 Sample
The reason for selecting samples by using purposive
sampling technique is because not all samples have
criteria in accordance with this study, namely by
The Effect of Financial, Attitude, and Financial Knowledge on the Personal Finance Management of College Collage Students
653
setting certain criteria that must be met by the sample
used in the study. As for the criteria in selecting the
research sample are respondents who have made
repeat purchases at least 2x for the past 3 years.
The research uses the Slovin formula because in
sampling, the numbers must be representative so that
the results of the study can be generalized and the
calculation does not require a table of the number of
samples but can be done with formulas and simple
calculations.The Slovin formula for determining
samples is as follows:
n = N / (1 + N γ(e)γ ^ 2)
Where:
N = Number of population
n = Number of samples
e = error rate
Obtained:
n = 4,363 / (4,363 (γ10%)γ ^ 2 + 1)
n = 97, 759 = 98 respondents
So that the number of samples to be used in this
study were 98 respondents. The sampling technique
uses purposive sampling, namely the taking technique
with certain considerations (Sugiyono, 2010).
Respondents are limited by the following inclusion
criteria:
a. Collage students taking Bachelor Degree (S-1).
b. Collage studentss who have studied financial
management courses.
3.2.3 Data Sources
Table 3.1 Total of FEBI UINSU Collage students 2015 to
2018
Then to determine the number of respondents
from each group are as follows:
1. S-I Islamic Economy = 98 x 34% = 33.13 = 33
Respondents
2. S-I Islamic Accounting = 98 x 25% = 24.37 = 24
Respondents
3. S-I Sharia Banking = 98 x 31% = 30.45 = 31
Respondents
4. S-I Sharia Insurance = 98 x 10% = 10.03 = 10
Respondents
Table 3.2 Total Research Samples Per Departement
4 RESULTS AND DISCUSSION
Based on the research results and the discussion. Has
been carried out in this study, Then the researcher
takes the conclusion as follows:
a. Financial Attitude has a positive and significant
effect on Personal Financial Management. This
study proves that the financial attitude of the
students of the Faculty of Economics and Islamic
Business UINSU - Medan influences personal
financial management. This is indicated by the
results of the t-test used to measure whether
financial attitude influences personal financial
management. The t-test shows that the
significance value is below 0.05 which is 0.000.
The significance value of this test is the basis for
making a decision to reject Ho and accept H1 so
that it can be concluded that there is an influence
between financial attitude on personal financial
management. Financial attitude that affects
personal financial management makes students of
the Faculty of Economics and Islamic Business
UINSU-Medan to be able to do better financial
management of personal finance. This will
influence students and students to be able to
determine what kind of actions they should take
which they then apply to attitude. Students and
students who have a good financial attitude will
become a habit for students and will become
behavior that will be difficult to change. If the
financial attitude is good, the financial behavior in
managing personal finances is also good. Students
can reduce their difficulties if they are able to
manage their personal finances with attitudes that
should be applied in life so that it can facilitate
financial decision making. Inversely related to
that, if they do not have a good financial attitude
then they themselves are making it difficult to
manage their finances. Finally there are no good
habits so it is very difficult to respond to matters
EBIC 2019 - Economics and Business International Conference 2019
654
concerning personal finances. Financial attitude is
a state of mind, opinion, and assessment of
someone's personal finances, which are then
applied to the attitude. A person's thoughts,
opinions and judgments about their personal
financial situation will determine what actions
they will take. For example savings, if someone
has thoughts, judgments, and opinions that saving
is not important. Then the person will not save. If
these thoughts, opinions, and judgments
(attitudes) continue, it will become a habit /
behavior (behavior) that will be very difficult to
change. Financial Attitude influences personal
financial management supported by the concept
proposed by Furnham, namely the concept of
obsession and retention. The concept of obsession
has a meaning in a person's mindset about money
and his perception of the future to manage his
personal finances well while the concept of
retention refers to someone who has a tendency
not to want to spend money in the sense of
managing his personal finances The results of this
study are supported by previous studies such as in
the research of Ersha Amanah, Dadan Rahadian
and Aldila Iradianty (2016) states that Financial
attitude has a greater t value than t table. Because
the value of t arithmetic> t table (2,367> 2,258),
then H0 is rejected. So financial attitude partially
influences personal financial management
behavior
b. Financial Knowledge has a positive and
significant effect on Personal Financial
Management. This research proves that the
financial knowledge of UINSU-Medan Islamic
Economics and Business Faculty influences
personal financial management. This is indicated
by the results of the t-test used to measure whether
financial knowledge influences personal financial
management. The t-test shows that the
significance value is below 0.05, 0.003. The
significance value of this test is the basis for
making a decision to reject Ho and accept H2 so
that it can be concluded that there is an influence
between financial knowledge on personal
financial management. Financial knowledge that
affects personal financial management makes
students of the Faculty of Economics and Islamic
Business UINSU - Medan to understand financial
management. This will influence students and
students to be able to determine what behavior
they must do to make it easy in making decisions.
Students and students who have good financial
knowledge will be able to use money wisely and
can provide benefits to their lives. If students have
high financial knowledge, they are better able to
understand how financial management should be
and make their personalities more controlled. If
they have a low level of knowledge, it is very
difficult to manage finances or make decisions
and in the end it affects the use of money
according to the level of knowledge they have.
One of the factors that can increase financial
knowledge is education. The more a person
receives education the financial knowledge of that
person will also increase. This is caused by
educated people who will choose various
financial tools (credit cards, debits, pay checks,
bonds, stocks, etc.) that make it easy for them to
make transactions or investments. People who
have higher education will also be more vigilant
about their future. So they will find out more
about ways to save their assets. Financial
Knowledge influencing personal financial
management is supported by the concept put
forward by Hilgret & Jeanne namely, the lack of
knowledge of financial management principles
and financial matters can explain why some
individuals do not follow recommended financial
practices. To have financial knowledge it is
necessary to develop financial expertise and learn
to use financial tools. Financial expertise is a
technique for making financial management
decisions. This research is in line with research
conducted by Ersha Amanah, Dadan Rahadian
and Aldila Iradianty (2016); Financial knowledge
has a greater t value than t table. Because the value
of t arithmetic> t table (9,085> 2,258), then H0 is
rejected. So it can be concluded that financial
knowledge partially influences personal financial
management behavior and Herma Wiharno
(2018) states that there is a significant relationship
between financial knowledge and personal
financial management. This shows that the three
variables namely financial knowledge, financial
behavior and financial attitude partially have a
positive effect on personal financial management.
Statistical test results show the sig or p-value for
the three variables namely financial knowledge,
financial behavior and financial attitude is smaller
than the alpha value (0.001 <0.05 for financial
knowledge, 0.018 <0.05 for financial behavior,
and 0.00 <0.05 for financial attitude). Thus it can
be said that the variables of financial knowledge,
financial behavior and financial attitude partially
have a significant positive effect on personal
financial management.
c. Financial Attitude and Financial Knowledge have
a positive effect on Personal Financial
The Effect of Financial, Attitude, and Financial Knowledge on the Personal Finance Management of College Collage Students
655
Management. This research proves that the
financial attitude and financial knowledge of
UINSU-Medan Faculty of Economics and Islamic
Business in Medan influences personal financial
management. This is indicated by the results of
the F test used to measure whether financial
attitude and financial knowledge affect personal
financial management. In the F test shows that a
value of 34,346 with a significance value is 0,000.
While the value of πΉπ‘ππππ in the degree of
freedom df (N1) is 2.36. It can be concluded that
πΉβππ‘π’ππ> πΉπ‘ππππ (34,346> 2.36) and the
significance value is smaller than the significant
level Ξ± = 0.10 (0,000 <0.10). The significance
value of this test is the basis for making a decision
to reject Ho and accept H3 so that it can be
concluded that there is an influence between
financial attitudes and financial knowledge on
personal financial management. Financial
Attitude and financial knowledge that affect
personal financial management make the students
of the Faculty of Economics and Business Islamic
UINSU - Medan to be able to understand attitudes
and knowledge in managing personal finances.
This will influence students and students to be
able to determine what behavior they must do for
decision making. Students who have good
financial attitude and financial knowledge will be
able to use money wisely and be able to benefit
their lives. And make details in managing their
finances. This study is in line with research
conducted by Herma Wiharno (2018) states that
there is a significant relationship between
financial knowledge and personal financial
management. Statistical test results show the sig
or p-value for the three variables namely financial
knowledge, financial behavior and financial
attitude is smaller than the alpha value (0.001
<0.05 for financial knowledge, 0.018 <0.05 for
financial behavior, and 0.00 <0.05 for financial
attitude). Thus it can be said that the variables of
financial knowledge, financial behavior and
financial attitude partially have a significant
positive effect on personal financial management.
Based on the results and discussion of the material
and some suggestions that can be conveyed:
1. For the Faculty of Economics and Islamic
Business of UINSU-Medan
It is expected to be able to increase knowledge
about personal financial management, so that
collage studentss can implicate it in their daily
lives. So that the public's view of FEBI UINSU-
Medan can improve because collage studentss can
and are able to manage their personal finances.
2. Share the Next Researcher
It is expected that this will be a continuous
reference and develop this research. This research
uses Financial Attitude and Financial Knowledge
as free variables, Gender as a moderating variable
and Personal Financial Management as bound
variables. For further research, we can replace
variables in the research with other variants in
order to find new variables in the discussion about
Personal Financial Management.
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