Financial Management Behavior Z Generation

This study analyzes the effect of financial literacy, locus of control, hedonism lifestyle, and financial self-efficacy on financial management behavior. The population in this study was comprised of bachelor's degree students. The sampling technique used is non-probability sampling with a purposive sampling method. This study was conducted using primary data, with a sample of 190 respondents. The analysis method used is the Structural Equation Modeling (SEM) method which is processed through the AMOS 24 program. The results of data analysis show that financial literacy, Locus of control, and Financial self-efficacy have a positive and significant effect on financial management behavior. Lifestyle hedonism has a negative and insignificant impact on financial management behavior. Generation Z tends to have excellent financial management behavior. They are very important to gain financial literacy and need to develop positive and responsible financial habits and behaviors, as well as provide behavioral habits to be able to exercise self-control in the use of their finances and have the capability to make financial decisions efficiently. Good community financial management behavior will reduce poverty and encourage the achievement of sustainable development goals.