The Influence of Fear of Missing Out (FoMO), Financial Attitude, and Income Level on Financial Behavior with Self-Control Moderation (A Study on K-Pop Fans of Multi Fandom)

Nurul Amira Aisya Dini; Puji Endah Purnamasari

doi:10.31538/iijse.v9i1.9145

Nurul Amira Aisya Dini Universitas Islam Negri Maulana Malik Ibrahim, Malang, Indonesia
Puji Endah Purnamasari Universitas Islam Negri Maulana Malik Ibrahim, Malang, Indonesia

DOI: https://doi.org/10.31538/iijse.v9i1.9145

Keywords: Fear of Missing Out, Financial Attitude, Income Level, Self-Control, Financial Behavior, K-Pop Fans

Abstract

This study aims to examine the influence of Fear of Missing Out (FoMO), Financial Attitude, and Income Level on Financial Behavior with Self-Control as a moderating variable among multi-fandom K-Pop fans in Malang City. This research employs a quantitative approach using a survey method, with data collected through questionnaires distributed to 186 respondents selected using purposive sampling. The analysis technique used is Partial Least Squares – Structural Equation Modeling (PLS-SEM). The results show that Financial Attitude and Income Level have a positive and significant effect on Financial Behavior, while FoMO has a negative but insignificant effect. Furthermore, Self-Control is proven to significantly moderate the relationship between Financial Attitude and Financial Behavior, but does not moderate the influence of FoMO and Income Level on Financial Behavior. These findings indicate that rational factors such as financial awareness and income play a more dominant role in shaping financial behavior compared to emotional factors such as FoMO. The study highlights the importance of strengthening self-control and positive financial attitudes to improve the financial behavior of K-Pop fans, particularly in managing consumptive tendencies influenced by fandom culture.

Downloads

Download data is not yet available.

References

Al-Ichwani, A., & Rahayu, R. (2025). Unveiling the Influence of Financial Attitude, Financial Literacy, and Lifestyle on Decision-Making and Financial Well-Being:AComprehensive Study on Generation Z. Jurnal Dinamika Manajemen, 16(1), 179–201. https://doi.org/10.15294/jdm.v16i1.24211

Anjani, C., & Darto, D. (2023). Financial Literacy, Income and Self-Control on Financial Management Behavior of Generation Z. BASKARA : Journal of Business and Entrepreneurship, 5(2), 152–164. https://doi.org/10.54268/baskara.v5i2.16363

Anthony, R., Ezat, W. S., Junid, S. Al, & Moshiri, H. (2011). Financial Management Attitude and Practice among the Medical Practitioners in Public and Private Medical Service in Malaysia. International Journal of Business and Management, 6(8), 105–113. https://doi.org/10.5539/ijbm.v6n8p105

Apolo, M., & Kurniawati, M. (2023). Pengaruh Fear Of Missing Out (Fomo) Terhadap Perilaku Konsumtif Penggemar KPOP Remaja Akhir Produk Merchandise KPOP. Journal Of Science Research, 3, 43847–43858.

Baker, H. K., & Nofsinger, J. R. (2010). Foundation and Key Concepts Behavioral Finance: Investors, Corporations, and Markets Edited by Behavioral Finance: An Overview. Behavioral Finance: Investors, Corporations, and Markets.

Efendi, R., Indartono, S., & Sukidjo, S. (2019). the Mediation of Economic Literacy on the Effect of Self Control on Impulsive Buying Behaviour Moderated By Peers. International Journal of Economics and Financial Issues, 9(3), 98–104. https://doi.org/10.32479/ijefi.7738

Hair, J, F., Hult, G. T. M., Ringle, C. M., & Sarstedt, M. (2022). (2022). A Primer on particial least squaing res Structual Equation Modeling (PLS-SEM). In European Journal of Tourism Research (Vol. 6, Issue 2, pp. 211–213).

Hair, J. F., Hult, G. T. M., Ringle, C. M., Sarstedt, M., Danks, N. P., & Ray, S. (2021). Evaluation of Formative Measurement Models. https://doi.org/10.1007/978-3-030-80519-7_5

Hair, J. F., Hult, G. T., Ringle, C., & Sarstedt, M. (2017). A Primer on Partial Least Squares Structural Equation Modeling (PLS-SEM) - Joseph F. Hair, Jr., G. Tomas M. Hult, Christian Ringle, Marko Sarstedt. In Sage.

Isbahi, M. B., Zuana, M. M. M., & Toha, M. (2024). The Multi-Social Relation of the Cattle Industry in the Plaosan Subdistrict Animal Market of Magetan Regency. Malacca: Journal of Management and Business Development , 1(1), 31–46. https://doi.org/10.69965/malacca.v1i1.51

Liu, R. (2024). The Impact of K-pop Merchandise on the Consumer Behavior of University Students in Shanghai. Communications in Humanities Research, 42(1), 59–67. https://doi.org/10.54254/2753-7064/42/2024ne0029

Masturi, H., Hasanawi, A., & Hasanawi, A. (2021). Jurnal Inovasi Penelitian. Jurnal Inovasi Penelitian, 1(10), 1–208.

Maulana, R., & Triyonowati, T. (2024). Financial Attitude on Financial Management Behavior With Financial Inclusion As a Mediating Variable Among Generation Z in Riau. International Conference of Business and Social Sciences, 1060–1067. https://doi.org/10.24034/icobuss.v4i1.590

Noer, U., Safitri, C., Pumpungan, M., & Timur, J. (2025). Pengaruh Hedonisme , Pendapatan , dan Literasi Keuangan Terhadap Pengelolaan Keuangan dengan Self Control ebagai Moderasi.

Oktari, M., & Utami, R. H. (2024). The Relationship of Self-Regulation to Online-Fear of Missing Out ( On- FoMO ) in Famale Adolescent K-Pop Fans Hubungan Regulasi Diri terhadap Online-Fear of Missing Out ( On-FoMO ) pada Remaja Perempuan Penggemar K-Pop. 2(1), 20–26.

Pangestu, R., Mayasari, T., & Anggraeni, A. D. (2024). The Influence of Lifestyle, Financial Literacy and Income on the Consumptive Behavior of Students. Multidisciplanary Journal of Systemic and Innovative Research (MJSIS), 1(2), 2. https://journalwbl.com/index.php/mjsis/article/view/288

Przybylski, A. K., Murayama, K., Dehaan, C. R., & Gladwell, V. (2013). Motivational, emotional, and behavioral correlates of fear of missing out. Computers in Human Behavior, 29(4), 1841–1848. https://doi.org/10.1016/j.chb.2013.02.014

Puspa Dwi Liestiyanti, & Sonja Andarini. (2024). Pengaruh Financial Attitude dan Self Control Terhadap Financial Management Behavior dalam Penggunaan Layanan Pay Later: Studi Pengguna Kredivo di Kota Surabaya. Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah, 6(6), 4779–4797. https://doi.org/10.47467/alkharaj.v6i6.2075

Ramdan, S., & Supriyono, E. (2023). Self-Control Sebagai Moderasi Antara Pengaruh Literasi Keuangan Dan Parental Income Terhadap Perilaku Keuangan Mahasiswa. Journal of Business and Halal Industry, 1(2), 1–24. https://doi.org/10.47134/jbhi.v1i2.105

Rizky, M., Launa, N., & Farid, E. S. (2025). The Influence of Impulsive Buying and Fear of Missing Out on Financial Behaviour : The Role of Financial Literacy as a Moderator. 6(4), 3063–3071.

Sugiyono, D. (2013). Metode Penelitian Kuantitatif, Kualitatif, dan Tindakan.

Suyadi, S., Idayati, I., Triharyati, E., Fitria, F., & Mulyono, H. (2023). The Effect of Income Level on the Financial Behavior of Micro, Small and Medium Enterprises in Lubuklinggau City. Jurnal Akuntansi, Manajemen Dan Bisnis Digital, 2(1), 79–86. https://doi.org/10.37676/jambd.v2i1.3529

Suyono, Y. F., & Kusuma, P. D. I. (2024). Pengaruh Financial Attitude, Financial Experience dan Financial Knowledge Terhadap Financial Management Behavior Pengguna Paylater dengan Self Control sebagai Faktor Pemoderasi. Ratio : Reviu Akuntansi Kontemporer Indonesia, 5(1), 68. https://doi.org/10.30595/ratio.v5i1.19933

Thalib, S. B. (2010). Psikologi Pendidikan Berbasis Analisis Empiris Aplikatif.

Wahyuni, H. (2024). The Influence of Financial Literacy, Income, and Lifestyle on Personal Financial Management with Self Control as a Moderating Variable. Jurnal Manajemen Dan Kewirausahaan, 12(1), 14–20. https://doi.org/10.26905/jmdk.v12i1.11692

Yuardi Aprilian, I., & Anggun Hilendri Lestari, B. (2023). The Effect of Financial Literacy, Financial Attitudes and Income Levels on the Financial Behavior of the People in Saribaye Village, Lingsar District, West Lombok Regency. 1(March).