THE EFFECT OF SELF-CONTROL AND FINANCIAL LITERACY ON STUDENTS’ PERSONAL FINANCIAL MANAGEMENT SKILLS IN THE CITY OF MEDAN
Keywords:
Self-control, financial skills, personal finance management, college students
Abstract
This study aims to analyze the influence of self-control and financial skills on college students’ personal financial management abilities in Medan. This study employs a quantitative approach using a survey method. The study population consists of college students from various universities, with a sample of 100 respondents selected using stratified random sampling. Data collection was conducted via a questionnaire using a Likert scale and analyzed using multiple linear regression analysis with the assistance of SPSS software. Based on the regression test results, Self-Control has a positive effect on students’ personal financial management ability with a regression coefficient of 0.356, a calculated t-value of 4.341, and a significance level of 0.000 (< 0.05). A positive regression coefficient indicates that the higher the Self-Control, the higher the students’ personal financial management ability. Financial skills also have a positive effect on students’ personal financial management ability with a regression coefficient of 0.421, a t-value of 4.726, and a significance level of 0.000 (< 0.05), meaning that the higher the financial skills, the greater the students’ personal financial management ability. Simultaneously, Self-Control and financial skills have a significant effect on students’ personal financial management ability based on the F-test results with a significance level of 0.000 (< 0.05). The Adjusted R-Square value of 0.542 indicates that these two variables account for 54.2% of the variation in students’ personal financial management ability, while the remaining 45.8% is influenced by other variables outside the research model. Based on the research findings, it can be concluded that Self-Control and financial skills play a crucial role in enhancing students’ personal financial management ability.
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References
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Arifin, (2018). Manajemen Keuangan. Yogyakarta : Zahir Publishing
Arrafi, U. Z., & Santoso, A. (2024). Financial Knowledge, Financial Attitude and Financial Skill: Insights and Behavior of Students in Managing Finances in Indonesia. Jurnal Akuntansi Bisnis dan Ekonomi, 10(1). DOI:10.33197/jabe.vol10.iss1.2024.1697.
Anjani, C., & Darto, D. (2024). Financial Literacy, Income and Self‐Control on Financial Management Behavior of Generation Z. BASKARA: Journal of Business and Entrepreneurship, 5(2).
Asita, V. N., & Manunggal, S. A. (2024). Pengaruh Literasi Keuangan, E Money, Gaya Hidup dan Kontrol Diri Terhadap Perilaku Konsumtif Mahasiswa Prodi Manajemen Fakultas Ekonomi Universitas Kristen Indonesia Toraja. Jurnal Riset Ekonomi dan Akuntansi, v1(1).
Amalia, D. S., & Yuliati, A. (2025). Analisis Pengaruh Financial Technology, Financial Self Efficacy, Self Control dan Impulsive Buying Terhadap Manajemen Keuangan Pribadi Mahasiswa. Jurnal Maneksi (Management Ekonomi dan Akuntansi), 14(2). DOI:10.31959/jm.v14i2.3102.
Akuntansi Universitas Ciputra. JAE (Jurnal Akuntansi dan Ekonomi), 8(2). DOI:10.29407/jae.v8i2.20179.
Fakultas Ekonomi dan Bisnis Universitas Pancasakti Tegal). Skripsi S1, Universitas Pancasakti Tegal.
Ghozali, Imam. 2018. Aplikasi Analisis Multivariate dengan Program IBM SPSS 25. Badan Penerbit Universitas Diponegoro: Semarang.
Ghozali, I. (2021). Aplikasi analisis multivariate dengan program IBM SPSS 26 (10th ed.). Semarang: Badan Penerbit Universitas Diponegoro.
Herdjiono, I., & Damanik, L. A. (2016). Pengaruh financial attitude, financial knowledge, parental income terhadap financial management behavior. Jurnal Manajemen Teori dan Terapan, 9(3), 226–241.
Herdjiono, I., & Damanik, L. A. (2016). Pengaruh Financial Attitude,Financial Knowledge, Parental Income Terhadap Financial Management Behavior. Jurnal Manajemen Teori dan Terapan| Journal of Theory and Applied Management, 9(3), 226–241.
Herleni, S., & Tasman, A. (2019). Pengaruh Financial Knowledge dan Internal Locus Of Control Terhadap Personal Financial Management Behaviour Pelaku Umkm Kota Bukittinggi. Jurnal Kajian Manajemen dan Wirausaha, 01(01), 270–275Dzakiyyah, A., Saptono, A., & Pratama, A. (2024). The Effect of Financial Literacy and Self Control on the Consumptive Behavior of State Senior High School Students in East Jakarta. Transekonomika: Akuntansi, Bisnis dan Keuangan, v2(6).
Hair, J. F., Black, W. C., Babin, B. J., & Anderson, R. E. (2019). Multivariate data analysis (8th ed.). Hampshire: Cengage Learning.
Ida, & Dwinta, C. Y. (2010). Pengaruh locus of control, financial knowledge, income terhadap financial management behavior. Jurnal Bisnis dan Akuntansi, 12(3), 131–144.
Ida dan Chintia Yohama Dwinta. 2010.“Pengaruh locus of control, financial knowlage, dan income terhadap financial management behavior”. Jurnal bisnis dan akuntansi. Vol. 12 No. 3 Pp. 131- 144.
Kholilah, N., & Iramani, R. (2013). Studi financial management behavior pada masyarakat Surabaya. Journal of Business and Banking, 3(1), 69–80.
Kurniawan, Y., Arviciena Sakti, R., Basit, A., & Knight, O. W. (2025). Financial Literacy, Financial Attitudes, and Self Control Towards Financial Management Practice in MSME in West Nusa Tenggara. Jurnal Magister Ekonomi Syariah.
Lusardi, A., & Mitchell, O. S. (2014). The economic importance of financial literacy: Theory and evidence. Journal of Economic Literature, 52(1), 5–44.
Mustikasari, A., & Septina, F. (2023). Pengaruh Literasi Keuangan, Impulsive Buying, dan Pengendalian Diri Terhadap Pengelolaan Keuangan Pribadi Mahasiswa Jurusan Akuntansi Universitas Ciputra. JAE (Jurnal Akuntansi dan Ekonomi), 8(2). DOI:10.29407/jae.v8i2.20179.
Nofsinger, J. R. (2017). The psychology of investing (6th ed.). New York: Routledge.
Nanda, F., (2024). .PENGARUH MENTAL ACCOUNTING, HEURISTIC, KONTROL DIRI, GAYA HIDUP, DAN STATUS SOSIAL EKONOMI TERHADAP PENGELOLAAN KEUANGAN PRIBADI MAHASISWA (Studi Kasus pada Mahasiswa Fakultas Ekonomi dan Bisnis Universitas Pancasakti Tegal). Skripsi S1, Universitas Pancasakti Tegal.
Otoritas Jasa Keuangan. (2019). Survei nasional literasi dan inklusi keuangan. Jakarta: OJK.
Priyatno, D. (2018). SPSS panduan mudah olah data bagi mahasiswa & umum. Yogyakarta: Andi Offset.
Patut, I. E. N., Saputri, I. A., Wibawani Kusumawati, W., Rahmadianti, F. F., & Rosinta, R. (2024). Pengaruh Parental Income, Peer, Self control, Financial Literacy Terhadap Personal Finance Management Mahasiswa FEB UNY. Jurnal Media Informatika. DOI:10.55338/jumin.v6i5.6661.
Robbins, S. P., & Judge, T. A. (2017). Organizational behavior (17th ed.). New Jersey: Pearson Education.
Rachmiyantono, R. 2019. “Financial Knowlegde Dan Locus of Control Dalam Financial Management (Studi Empiris Keluarga Di Kecamatan Demak Kabupaten Demak Provinsi Jawa Barat). “Jurnal Ilmiah UNTAG Semarang 8(1) : 107-15.
Rachma, E. A. (2024). THE EFFECT OF SELF CONTROL AND FINANCIAL LITERATION FOR STUDENT’S SAVING BEHAVIOR. Jupeko (Jurnal Pendidikan Ekonomi), 4(1). DOI:10.29100/jupeko.v4i1.1043.
Riza, R., (2025). Pengaruh Literasi Keuangan dan Kontrol Diri Terhadap Pengelolaan Keuangan Pribadi Mahasiswa Politeknik Negeri Jakarta. Skripsi D4, Politeknik Negeri Jakarta.
Sugiyono. (2014). Metode Penelitian Pendidikan Pendekatan Kuantitatif, Kualitatif Dan R&D. Alfabeta.
Sugiyono. (2014). Metode Penelitian Pendidikan Pendekatan Kuantitatif, Kualitatif Dan R&D. Alfabeta.
Sukroni, M. (2017). Pengaruh Literasi Keuangan dan Kecerdasan Spiritual pada Pengelolaan Keuangan Mahasiswa di Surabaya (Doctoral dissertation, STIE PERBANAS SURABAYA).
Suryani, T. (2017). Perilaku konsumen: Implikasi pada strategi pemasaran. Yogyakarta: Graha Ilmu.
Sekar Widi Asih, M. K. (2020). Pengaruh Financial Knowledge, Financial Attitude dan Income terhadap Personal Financial Management Behavior melalui Locus Of Control sebagai Variabel Intervening. Vol 9 No 3 (2020): Economic Education Analysis Journal , 9, 748-767.
Sugiyono, (2020). Metode Penelitian Kuantitatif, Kuantitatif dan R & D. Bandung : Alfabeta.
Sugiyono. (2022). Metode penelitian kuantitatif, kualitatif, dan R&D. Bandung: Alfabeta.
Simarmata, N. E., Sitopu, D. A., & Sihombing, Y. R. (2024). Analysis of the Influence of Financial Literacy, Financial Attitude, and Self Control on Personal Financial Management in the Environment of Prima Indonesia University Management Students. International Journal of Scientific Multidisciplinary Research, v3(5).
Syihab Mutaqin, F. (2025). Pengaruh Sikap Keuangan dan Kontrol Diri Terhadap Pengelolaan Keuangan (Survey Pada Mahasiswa Pendidikan Ekonomi Fakultas Keguruan dan Ilmu Pendidikan Universitas Siliwangi Angkatan 2020). Jurnal Ilmiah Nusantara, v1(6).
Xiao, J. J. (2008). Applying behavior theories to financial behavior. In J. J. Xiao (Ed.), Handbook of consumer finance research (pp. 69–81). New York: Springer.
Xiao, J. J., & O’Neill, B. (2016). Consumer financial education and financial capability. International Journal of Consumer Studies, 40(6), 712–721.
Yushita, A. N. (2017). Pentingnya literasi keuangan bagi pengelolaan keuangan pribadi. Jurnal Nominal, 6(1), 11–26.
Yustina, E. P., & Lestari, B. A. H. (2024). The Influence of Financial Literacy, Lifestyle on Financial Management Behavior with Self Control as an Intervening Variable (Study on Student Exchange Program at Mataram University). Formosa Journal of Multidisciplinary Research, v3(8).
Published
2026-05-20
Section
Articles
