The Role Of Financial Literacy And Financial Behavior Towards Personal Finance Planning In MSMEs

Ekaningtyas Widiastuti, Sugeng Wahyudi

Abstract


This research is focused on MSMEs in the Banyumas Regency area, to examine the role of financial literacy and financial behavior in the personal finance of businessmen and their employees. Data collection methods were in the form of questionnaires and interviews. This study used Convenience sampling technique, and there were 68 samples collected. The data analysis tool was multiple linear regressions.
The results showed that financial literacy had no effect on personal finance, and financial behavior had a significant effect on personal finance. But simultaneously that financial literacy and financial behavior affect the personal finance. Financial knowledge supported by the right actions and behavior in making the right decisions related to finance can achieve the results of planning and management of personal and business finances effectively and efficiently.


Keywords: financial literacy, financial behavior, personal finance


Full Text:

PDF

References


Altfest, L. J. (2007). Personal Financial Planning. McGraw-Hill /Irwin.

Anggraeni, Birawani. (2015). Pengaruh Tingkat Literasi Keuangan Pemilik Usaha Terhadap Pengelolaan Keuangan, Studi Kasus : UMKM Depok. Jurnal Vokasi Indonesia,Volume 3 Nomor 1 ,pp 22-30.

Meutia, Febita, (2016). Pengaruh Tingkat Literasi Keuangan Pelaku Usaha Terhadap Kinerja Usaha. FEB Universitas Lampung.

Otoritas Jasa Keuangan (OJK). (2013), Strategi Nasional Literasi Keuangan Indonesia, Otoritas Jasa Keuangan. Jakarta.

Reswari, Anggina Dwi. (2018). The Influence of Financial Literacy towards Financial Behavior (Study on The Small Medium Enterprises Under the Guidance of Bank Indonesia in Banyumas). Thesis. Management International, FEB, UNSOED.

Sayinzoga, A., Bulte, E. H., and Lensink, R. (2014). Financial Literacy and Financial Behaviour: Experimental Evidence from Rural Rwanda. The Economic Journal.

Tyson, E. (2010). Personal Finance for Dummies, 6th Edition. Wiley Publishing.

Xiao, J. J. (2008). Applying Behavior Theories to Financial Behavior. Handbook of Consumer Finance Research.


Refbacks

  • There are currently no refbacks.