THE INFLUENCE OF FINANCIAL LITERACY ON THE FINANCIAL BEHAVIOR OF STUDENTS AT STIE LATIFAH MUBAROKIYAH SURYALAYA

Abstract

The purpose of this research is to know: 1) Student Financial literacy of STIE-LM Suryalaya. 2) Student financial behavior of STIE-LM Suryalaya. 3) The influence of financial literacy on students' financial behavior STIE-LM Suryalaya. The method used is a quantitative method with the type of survey approach. Population in this research is all student of STIE-LM Suryalaya. The sample of this study were 195 respondents. The data used are primary data and secondary data. The analytical tool used is Interval levels Value, Simple Regression Analysis, and Hypothesis Testing. The results showed: 1) In the financial literacy variables obtained in the amount of 5299 which included in the classification is good enough, with the highest value obtained by the indicator of personal financial basic knowledge of 726 while the lowest score obtained by risk management indicators with a score of 548. 2) In the variable of financial behavior obtained by the number of 5235 which is included in the classification is good enough, with the highest value obtained by the indicator compare the price between stores or supermarkets with a score of 769 while the lowest value obtained by periodic savings indicators with a score of 519. 3) There is a positive influence and between financial literacy and financial behavior of STIE-LM students. The amount of influence of financial literacy on student financial behavior of STIE-LM Suryalaya with determination coefficient value (KP) of 77,4% the rest influenced by other factor not examined in this research and tcount (25,714) bigger than ttabel value (1,972 ) or 25.714> 1.972 so that the test decision  H_0 is rejected and H_a accepted.