THE INFLUENCE OF FINANCIAL LITERACY AND LIFESTYLE ON DEBT MANAGEMENT BEHAVIOR IN YOUNG MARRIED FAMILIES

Yulianah; Istiqlaliyah Muflikhati

doi:10.29244/jcfcs.2.1.69-78

Yulianah Department of Family and Consumer Sciences, Faculty of Human Ecology, IPB University
Istiqlaliyah Muflikhati Department of Family and Consumer Sciences, Faculty of Human Ecology, IPB University

DOI: https://doi.org/10.29244/jcfcs.2.1.69-78

Keywords: attitude, debt management behavior, financial literacy, hedonic, knowledge

Abstract

Debt behavior often occurs when someone is in an urgent situation to meet their needs. This study aims to analyze the influence of family characteristics, financial literacy, and hedonic lifestyle on debt management behavior in young married families. The sample in this study are middle-aged women who married at the age of 19 and under and live in Jabodetabek. The sampling technique used purposive sampling method as many as 52 people who had or currently had debt. Data were processed using descriptive statistical tests and multiple linear regression tests. The level of financial literacy (knowledge, attitude, and behavior dimensions) of respondents is categorized as medium. Respondents in this study did not have a tendency to live a hedonic lifestyle. Likewise, debt management behavior is in the low category. There is a negative relationship between respondents' age and debt management behavior. The results of multiple linear regression analysis show that financial literacy (attitude dimension) has a significant effect on debt management behavior. This means that the better the respondent's attitude towards finance, the better the behavior in managing debt. Meanwhile, there is no significant influence between hedonic lifestyle and debt management behavior. Financial literacy needs to be well owned in order to create good debt management behavior.

References

Amalia, R. (2019). Pengaruh literasi keuangan, tingkat pendapatan, dan status pernikahan terhadap perilaku berhutang (Doctoral dissertation, STIE Perbanas Surabaya).

Andriani, O., Taufik, T., & Hariko, R. (2017). Gambaran permasalahan pasangan muda di Kabupaten Kerinci. JKI (Jurnal Konseling Indonesia), 3(1), 1-8.

Apriliani, N. E. P. (2019). Pengaruh Gaya Hidup, Peran Religiusitas, Self Control sebagai Variabel Mediasi terhadap Perilaku Pengelolaan Utang Masyarakat Di Surabaya (Doctoral dissertation, STIE Perbanas Surabaya).

Bappenas. (2005). Visi dan arah pembangunan jangka panjang (PJP) tahun 2005- 2025. Jakarta.

BKKBN. (2018). Nikah muda. detail post. [diunduh 2021 Agu 28]. Tersedia pada: https://www.bkkbn.go.id/detailpost/nikah-muda

Brown, M., & Graf, R. (2012). Financial literacy, household investment and household debt: Evidence from Switzerland.

Cwynar, A., Cwynar, W., & Wais, K. (2019). Debt literacy and debt literacy self‐assessment: The case of Poland. Journal of Consumer Affairs, 53(1), 24-57.

French, D., & McKillop, D. (2016). Financial literacy and over-indebtedness in low-income households. International Review of Financial Analysis, 48, 1-11.

Hakiki, G., Ulfah, A., Khoer, M. I., Supriyanto, S., Basorudin, M., Larasati, W., Prastiwi, D., Kostaman, T. K., Irdiana, N., Amanda, P. K. (2020). Pencegahan perkawinan anak percepatan yang tidak bisa ditunda. Jakarta: PUSPAKA.

Hasudungan, S. (2019). Literasi, inklusi keuangan, penggunaan produk fintech, dan perilaku investasi pada generasi millenial jabodetabek.

Ibrahim, M. E., & Alqaydi, F. R. (2013). Financial literacy, personal financial attitude, and forms of personal debt among residents of the UAE. International Journal of Economics and Finance, 5(7), 126-138.doi:10.5539/ijef.v5n7p126.

Ida & Dwinta, C. Y. (2010). Pengaruh locus of control, financial knowledge, income terhadap financial management behavior. Jurnal Bisnis Dan Akuntansi. 12(3):131– 144.doi:10.34208/jba.v12i3.202.

Ijeoma, O. C., Uwakwe, J. O., & Paul, N. (2013). Education an antidote against early marriage for the girl-child. Journal of Educational and Social Research, 3(5), 73.

Islamy, R. Y. S. N., Yuniwati, E. S., & Abdullah, A. (2021, June). Perilaku Hedonis Pada Masa Dewasa Awal. In Seminar Nasional Psikologi UM (Vol. 1, No. 1, pp. 179-190).

Kotzé, L., & Smit, A. (2008). Personal financial literacy and personal debt management: the potential relationship with new venture creation. The Southern African Journal of Entrepreneurship and Small Business Management, 1(1), 35-50. doi:10.4102/sajesbm.v1i1.11.

Mulyatiningsih, E. (2011). Analisis Model-Model Pendidikan Karakter Untuk Usia Anak-Anak, Remaja Dan Dewasa. Yogyakarta: UNY, dari http://staff. uny. ac. id/sites/default/files/penelitian/Dra-Endang-Mulyatiningsih,-M. Pd./13B_Analisis-Model-Pendidikan-karakter. pdf, diakses pada, 8.

Nadzir, M., & Ingarianti, T. M. (2015, November). Psychological meaning of money dengan gaya hidup hedonis remaja di kota Malang. In Seminar Psikologi & Kemanusiaan (Vol. 1998, pp. 978-979).

Nengtyas, R. S. (2019). Pengaruh Literasi Keuangan, Religiusitas Dan Gaya Hidup Terhadap Perilaku Pengelolaan Utang Masyarakat Di Surabaya (Doctoral dissertation, STIE Perbanas Surabaya).

Peter, J. P., & Olson, J. (2010). Ebook: Consumer Behavior. McGraw Hill.

Puspitawati, H. (2013). Pengantar studi keluarga. Ed ke-1. Bogor: IPB Press.

Raharjo, I. T., Puspitawati, H., & Krisnatuti, D. (2015). Economic Pressure. Financial Management, and Welfare of Young Families Abstract. J Ilmu Kel dan Konsum, 8(1), 38-48. doi:10.24156/jikk.2015.8.1.38.

Segara, T. (2017). Strategi nasional literasi keuangan indonesia (revisit 2017). Otoritas Jasa Keuang.:1–97.

Shohib, M. (2015). Sikap terhadap uang dan perilaku berhutang. Jurnal Ilmiah Psikologi Terapan, 3(1), 132-143.