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The Influence of Financial Literacy, Parental Socialization, Peer Influence and Self-Control on Saving Behavior

Year: 2022

Type: conference-paper

Abstract: Savings activities are very important to be instilled early by their parents so that good saving behavior can be formed and developed in children from a young age to adulthood.the formation and development of saving behavior in a person will make it easier for individuals to manage their finances well.The purpose of this study was to determine the effect of financial literacy, parental socialization, peer influence and self-control on saving behavior.This study used a sample of 543 employees who live in Jakarta.Data collection was obtained by distributing questionnaires via google form and the method used was convenience sampling.All data obtained will be analyzed using the PLS-SEM method using Smart PLS software version 3.3.5.Based on the results of data processing, the authors conclude that financial literacy, parental socialization and self-control have a positive and significant effect on saving behavior.Meanwhile, peer influence has no effect on saving behavior.

Source: Advances in economics, business and management research/Advances in Economics, Business and Management Research

DOI: 10.2991/aebmr.k.220501.085

Authors: Gabriella Angela, Ary Satria Pamungkas

Institution: Tarumanagara University

Language: English

Topic: Financial Literacy and Behavior

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

Open Access status: hybrid

OpenAlex ID: W4285204733

FWCI: 14.38

Cites: 29

Cited by: 32

Related to: 10