ANALYSIS OF FACTORS AFFECTING STUDENT'S FINANCIAL BEHAVIOR

Abstract

Real life in reality is not comparable to the actual fact that many of those who receive scholarships for the mechanism in disbursing scholarship funds received at the same time is very easy to deviate from what the funds should be used for. The purpose of this study is to empirically prove the effect of Analysis of Factors Affecting Student Financial Behavior. This research was conducted on students who received The Student Scholarship Assistance (BBM) in Madiun City program using the purposive sampling method with certain criteria and obtained as many as 206 respondents. The study was conducted for 4 months. This research method uses a quantitative approach using IBM SPSS Statistics version 26. The results of this study are financial literacy variables have a significant effect on financial behavior, locus of control has a significant influence on financial behavior, lifestyle has an insignificant effect on financial behavior, and can also It is known that financial literacy, locus of control, and lifestyle simultaneously affect the financial behavior of students receiving Student Scholarship Assistance (BBM) in Madiun City.

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