The Influence Of Financial Self-Efficacy, Financial Literacy, And Fintech Payment Use On Students' Personal Financial Management

Abstract

Personal financial management is crucial for students, enabling them to effectively manage their income and expenses, maintaining financial balance and achieving their financial goals. This research is crucial because students in the 2022 intake of the Management Study Program, Faculty of Economics and Business, Dehasen University, Bengkulu, as a productive generation and future leaders, need sound financial management skills to face economic challenges. This research examines the effect of financial self-efficacy, financial literacy, and the use of fintech payment services on the personal financial management of students from the 2022 cohort at the Faculty of Economics and Business, Dehasen University, Bengkulu. The study applies a quantitative research design to test the proposed relationships empirically. The sample consists of 103 students from the Management Study Program, class of 2022. The researchers determined the sample size using the Slovin formula to ensure an appropriate level of precision. Data were collected through an online questionnaire distributed via Google Form to all selected respondents. The analysis was performed using SPSS version 26. The findings indicate that financial self-efficacy has a significance value of 0.000, which is below the 0.05 threshold, demonstrating a significant effect on students’ personal financial management. Financial literacy also records a significance value of 0.000, confirming its significant influence. Similarly, fintech payment usage shows a significance value of 0.000, indicating a statistically significant effect. Overall, the results confirm that financial self-efficacy, financial literacy, and fintech payment usage significantly affect students’ personal financial management practices.