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

DOI

10.2991/aebmr.k.220501.085How to use a DOI?

Keywords

Financial Literacy; Parental Socialization; Peer Influence; Self-Control; Saving Behavior

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.

Copyright

© 2022 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article distributed under the CC BY-NC 4.0 license.

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TY  - CONF
AU  - Gabriella Angela
AU  - Ary Satria Pamungkas
PY  - 2022
DA  - 2022/05/11
TI  - The Influence of Financial Literacy, Parental Socialization, Peer Influence and Self-Control on Saving Behavior
BT  - Proceedings of the tenth International Conference on Entrepreneurship and Business Management 2021 (ICEBM 2021)
PB  - Atlantis Press
SP  - 560
EP  - 566
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220501.085
DO  - 10.2991/aebmr.k.220501.085
ID  - Angela2022
ER  -