PERENCANAAN KEUANGAN DAN NIAT INVESTASI DI ANTARA GENERASI MILENIAL: EFEK MODERATIF DARI TOLERANSI RISIKO

Despite generally having access to mobile financial tools and improved learning opportunities, many youthful adults continue exhibiting poor savings habits, suggesting a disconnect between financial instruments, knowledge, and true economic conduct. This research aims to investigate the impact of financial literacy and mobile banking use on savings behavior among Indonesian millennials, also assessing the moderating role of monetary self-control. Adopting a quantitative educational research design, data were collected through an online structured survey targeting individuals aged 18–35 who actively employ mobile banking platforms. A total of 232 valid responses were analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM), enabling the evaluation of both direct and interactive impacts among key variables. The findings reveal that financial education and mobile banking utilization have significant positive impacts on savings behavior, and that monetary self-discipline strengthens these connections, especially in translating economic knowledge into organized savings practices. These results reinforce the importance of mental developments in financial decision making and propose that inner conduct management is essential for maximizing the benefits of advanced financial technology and training. The research contributes to behavioral finance theory by incorporating self-control into a digital monetary behavior model and offers useful implications for designing more powerful financial literacy programs and digital banking interventions tailored to the needs and conduct profiles of youthful clients.