Keywords
Financial Attitude
Internal Locus of Control
Financial Management Behavior
How to Cite
Abstract
This study aims to analyze the influence of financial literacy, financial attitude, and internal locus of control on financial management behavior among the millennial generation in Indonesia. The sampling method used is purposive sampling, with the sample consisting of millennials. The questionnaire was distributed online, and a Likert scale was applied to the questionnaire. Data were collected from 114 respondents, with 113 valid responses. The data analysis method used is multiple linear regression analysis. Hypothesis testing in this study uses the t-test. The analysis results of this study show that the research model explains 64.5% of financial management behavior. Financial literacy negatively affects the financial management behavior of millennials, indicating that an increase in financial literacy will decrease financial management behavior. Financial attitude and internal locus of control positively affect the financial management behavior of millennials, indicating that an increase in financial attitude and internal locus of control will improve financial management behavior. The implications of this study are that to improve financial management behavior, it is necessary to change the perspective on managing money and have more confidence in making financial decisions based on internal motivation rather than external influences.
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