Money Management Behavior among Adults in Indonesia

  • Asni Binti Mat Saad Management and Science University, Shah Alam
  • Gavin Jonathan Management and Science University, Shah Alam
  • Aza Azlina Md Kassim Management and Science University, Shah Alam
  • Maryam Yousefi Nejad Oxford Brookes University, Oxford
Keywords: Money Management Behavior; Spiritual Intelligence; Financial Literacy; Financial Behavior; Social Media; Parental Education; Indonesia

Abstract

Money management refers to the process of managing one's financial resources effectively to maintain a stable financial position. This study was conducted to determine the factors that influence money management behavior. Questionnaires are distributed among adults in Indonesia and analyzed by using IBM SPSS software. The result found that financial literacy, financial behavior, social media, parental education, and spiritual intelligence have a significant and positive influence on money management behavior. Clear insight into the importance of saving can lead to better money management behavior. The findings indicate that more efforts should be made to inculcate money management behavior among Indonesian citizens.

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References

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Published
2023-11-10
How to Cite
Saad, A. B. M., Jonathan, G., Md Kassim, A. A., & Nejad, M. Y. (2023). Money Management Behavior among Adults in Indonesia. Information Management and Business Review, 15(4(SI)I), 146-154. https://doi.org/10.22610/imbr.v15i4(SI)I.3586
Section
Research Paper