THE EFFECT OF FINANCIAL LITERACY ON FINANCIAL MANAGEMENT WITH SELF EFFICACY AS A MEDIATION
Abstract
Students from lower-middle-class economic backgrounds must have greater skills in managing limited finances. This is similar to students receiving scholarships who must manage their own finances. The purpose of this study is to determine the effect of financial literacy on financial management, with self-efficacy as a mediator. This research approach is quantitative descriptive, with the research subjects being students of the Faculty of Economics, UIN Maulana Malik Ibrahim Malang, period 2022. The sample size was 236 respondents, and the population was 576 students. The sampling technique used was simple non-random sampling. The research analysis technique used was SEMPLS. The results of this study indicate that financial literacy has a positive and significant effect on financial management, financial literacy has a positive and significant effect on self-efficacy, self-efficacy has a positive and significant effect on financial management, and financial literacy has a positive and significant effect on financial management through self-efficacy as a mediator.
Downloads
References
Agustina, N. R., & Mardiana. (2020). The Effect of Financial Knowledge and Financial Attitude on Financial Management Behavior Mediated with Locus of Control. 4(3), 273–284.
Anwar, M. (2019). Dasar-Dasar Manajemen Keuangan Perusahaan. Kencana.
Bandura, B. (2008). Self Efficacy-The Exercise of Control (Fifth Printing, 2002). W.H. Freeman Company.
Bele, L., Amaral, B., Iramani, R., & Pertiwi, T. D. (2024). Studi Þ nancial literacy ,financial self-effecacy , financial behavior. Jbb, 14(1), 113–132. https://doi.org/https://doi.org/10.14414/jbb.v14i1.5024
Brandon, D. P., & Smith, J. M. (2009). Prospective Teachers Perspective Knowledge and Teaching Self Efficac.
Budiman, J., Cheristina, Ng, M., Serina, & Chang, W. (2024). Pengaruh Financial Literacy Dan Financial Attitude Terhadap Financial Behavior Dimoderasi Oleh Self Control. MDP Student Conference 2024, 538–544.
D.A.T, K. (2020). The Impact of Financial Literacy on Investment Decisions: With Special Reference to Undergraduates in Western Province, Sri Lanka. Asian Journal of Contemporary Education, 4(2), 110–126. https://doi.org/10.18488/journal.137.2020.42.110.126
Deby, U., Fitri, T., & Mardiana. (2025). Ekonomis : Journal of Economics and Business Pengaruh Literasi Keuangan , Pomosi , dan Hedonisme terhadap Penggunaan Paylater pada Ibu Rumah Tangga di Kota Pontianak. 09(02), 1434–1440. https://doi.org/10.33087/ekonomis.v9i2.2446
Desiyanti, R. (2020). COVID-19 Merubah Wajah Indonesia, Literasi Dan Inklusi Keuangan UMKM Selama Pandemi. Malang. CV. Pustaka Learning Center.
Deviana, D., Malini, H., & Syahputri, A. (2025). Peran Financial Self-Efficacy dalam Hubungan antara Pendapatan, Literasi Keuangan, dan Perilaku Keuangan Mahasiswa di Indonesia. ECo-Buss, 8(1), 276–294. https://doi.org/10.32877/eb.v8i1.2604
Dwita Oka Futryan, & Serli Oktapiani. (2024). Pengaruh Financial Self Efficacy, Financial Knowledge, Financial Attitude Terhadap Financial Management Behavior. Advantage: Journal of Management and Business, 1(2), 81–88. https://doi.org/10.61971/advantage.v1i2.8
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
Istia.M.D. (2021). Faktor-Faktor Yang Mempengaruhi Literasi Finansial Mahasiswa Fakultas Ekonomi dan Bisnis Universitas Kristen Indonesia Maluku. 15(2).
Kusnandar, D. L., & Kurniawan, D. (2018). Literasi Keuangan dan Gaya Hidup Ibu Rumah Tangga Dalam Membentuk Perilaku Keuangan Keluarga di Kota Tasikmalaya. Seminar Nasional Dan Call for Paper Sustainable Competitive Advantage, 8(1), 1–12.
Lianto, L. (2019). Self-Efficacy: A Brief Literature Review. Jurnal Manajemen Motivasi, 15(2), 55. https://doi.org/10.29406/jmm.v15i2.1409
Liu, L., & Zhang, H. (2021). Financial literacy, self-efficacy and risky credit behavior among college students: Evidence from online consumer credit. Journal of Behavioral and Experimental Finance, 32, 100569. https://doi.org/10.1016/j.jbef.2021.100569
Lone, U. M., & Bhat, S. A. (2024). Impact of financial literacy on financial well-being: a mediational role of financial self-efficacy. Journal of Financial Services Marketing, 29(1), 122–137. https://doi.org/10.1057/s41264-022-00183-8
Mardiana, Supriyanto, A. S., Diana, I. N., Suprayitno, E., & Ekowati, V. M. (2025). GROWING THE PERFORMANCE OF SMEs WITH ISLAMIC FINANCIAL LITERACY AND SPIRITUALITY. 23(1), 63–74.
Miftahulillah, D., Rahmat, P. S., & Suryani, Y. (2023). Pengaruh Literasi Keuangan dan Gaya Hidup Terhadap Perilaku Keuangan Melalui Self Efficacy Sebagai Variabel Mediasi survey Terhadap mahasiswa Fakultas Pendidikan dan Sains Universitas Swadaya Gunung Jati Cirebon. Journal of Engineering Research, 10(1), 35–45.
Natalia, D. E., Murni, S., & Untu, V. N. (2019). Analisis Tingkat Literasi Dan Pengelolaan Keuangan Pribadi Mahasiswa. Jurnal EMBA: Jurnal Riset Ekonomi, Manajemen, Bisnis Dan Akuntansi, 7(2), 2131–2140. https://doi.org/10.35794/emba.v7i2.24018
Nita Aryani, D., & Ari Manganti, W. (2024). The influence of Financial literacy, Financial self-efficacy, and Hedonism lifestyle on Financial Management Behaviour of Generation Z. Journal of Economics, Business & Management, 0916, 41–48. https://doi.org/10.5281/zenodo.13729453
Novitasari, D., Juliana, J., Asbari, M., & Purwanto, A. (2021). The Effect of Financial Literacy, Parents’ Social Economic and Student Lifestyle on Students Personal Financial Management. Economic Education Analysis Journal, 10(3), 522–531. https://doi.org/10.15294/eeaj.v10i3.50721
Pradinaningsih, N. A., & Wafiroh, N. L. (2022). Pengaruh Literasi Keuangan, Sikap Keuangan dan Self-Efficacy terhadap Pengelolaan Keuangan Ibu Rumah Tangga. E-Jurnal Akuntansi, 32(6), 1518. https://doi.org/10.24843/eja.2022.v32.i06.p10
Prasetyo, D., & Irwansyah. (2020). Memahami Masyarakat dan Perspektifnya. Jurnal Manajemen Pendidikan Dan IImu Sosial, 1(1), 506–515. https://doi.org/10.38035/JMPIS
Putri Yashica Rizkiana, & Kartini. (2017). Mahasiswa S-1 Fakultas Ekonomi Universitas Islam Indonesia. Fakultas Ekonomi Unversitas Islam Indonesia, 7(1), 76–98.
Rahahleh, N. Al. (2023). Determinants of the Financial Capability : The Mediating role of Financial Self-efficacy and Financial Inclusion. International Journal of Economics and Financial Issues, 13(6), 15–29.
Rahmatika, A. N., Widyaninngsih, B., & Al Qaedah, A. (2024). Literasi keuangan dan sikap keuangan terhadap pengelolaan keuangan ibu rumah tangga dengan self efficacy sebagai variabel intermediasi. Financial. 6(2).
Rosa, L., & Listiadi, A. (2020). Pengaruh Literasi Keuangan, Pendidikan Keuangan di Keluarga, Teman Sebaya, dan Kontrol Diri terhadap Manajemen Keuangan Pribadi. Jurnal Manajemen, 12(2), 244–252.
Sari, N. R., & Listiadi, A. (2021). Pengaruh Literasi Keuangan, Pendidikan Keuangan di Keluarga, Uang Saku terhadap Perilaku Pengelolaan Keuangan dengan Financial Self-Efficacy sebagai Variabel Intervening. Jurnal Pendidikan Akuntansi (JPAK), 9(1), 58–70. https://doi.org/10.26740/jpak.v9n1.p58-70
Sari, Y. F., Chandra, N., & Sukartini. (2023). Pengaruh Financial Knowledge , Financial Anxiety dan Financial Self- Efficacy Terhadap Pengelolaan Keuangan Mahasiswa ( Studi Kasus Pada Mahasiswa di Kota Padang ). 22(2).
Sebayang, S., & Sembiring, J. (2017). PENGARUH SELF ESTEEM dan SELF EFFICACY TERHADAP KINERJA KARYAWAN STUDI KASUS DI PT. FINNET INDONESIA. 10(2), 37–46.
Septia, R., Hidayat, T., & Widianti, W. (2025). PERENCANAAN KEUANGAN ISLAM : PERSPEKTIF PENDIDIKAN. 5(2), 1029–1038.
Sugiyono. (2019). Metodelogi Penelitian Kuantitatif dan Kualitatif Dan R&D. Alfabeta.
Syahwildan, M., & Hidayah, Z. Z. (2024). The Influence of Financial Literacy, Self-Efficacy, and Coping Strategies on Students’ Finances. Ilomata International Journal of Tax and Accounting, 5(1), 254–265. https://doi.org/10.52728/ijtc.v5i1.1056
Thamrin, H. (2021). Hubungan Antara Gaya Hidup Hedonis dengan Perilaku Konsumtif pada Mahasiswa. 11, 1–14. https://doi.org/10.35905/komunida.v11i01
Wahyuningsih, E., Sastraningsih, E., Suryadi, N., Riau, U. I., Islam, U., Sultan, N., & Riau, S. K. (2024). The Effect Of Financial Literacy And Financial Attitude On Financial Management Behaviour Self Efficacy As A Mediating Variable In Pekanbaru City UMKM Pengaruh Financial Literacy dan Financial Attitude terhadap Financial Management Behavior Self efficacy . Management Studies and Entrepreneurship Journal, 5(2), 6538–6550. http://journal.yrpipku.com/index.php/msej
Wasita, P. A. A., Artaningrum, R. G., & Clarissa, S. V. (2022). Pengaruh Literasi Keuangan Dan Sikap Keuangan Terhadap Perilaku Keuangan Dengan Self-Efficacy. IMAT (Jurnal Ilmiah Mahasiswa Akuntansi), 13(1), 310–320.
Wibowo, H. P. C., & Syah, M. F. J. (2025). Pengaruh Literasi Keuangan dan Teknologi Keuangan, melalui Financial Self-Efficacy terhadap Inklusi Keuangan Mahasiswa. Jurnal Samudra Ekonomi Dan Bisnis, 16(3), 538–548. https://doi.org/10.33059/jseb.v16i3.11291
Yudha, A., & Pradana, A. (2022). Combination of Financial Knowledge and Financial Attitude in Establishing Good Financial Management Behaviour for Students After the COVID-19 Pandemic. Jurnal Manajemen Teori Dan Terapan | Journal of Theory and Applied Management, 15(2), 224–235. https://doi.org/10.20473/jmtt.v15i2.37906
Yulistia, R. (2018). Faktor-faktor yang mempengaruhi perilaku pengelolaan keuangan keluarga di kabupaten tuban artikel ilmiah.
Copyright (c) 2026 Dinar Fahza Arvita, Mardiana Mardiana
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
Authors who publish with this journal agree to the following terms:
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work.
