THE INFLUENCE OF LIFESTYLE, FINANCIAL LITERACY, AND FINANCIAL BEHAVIOR ON HOUSEHOLD FINANCIAL MANAGEMENT IN BUNGI VILLAGE

Karina Ramadhani Yunus; Yusran Bachtiar; Jumriani Jumriani; Dayu Suhardi

doi:10.31850/ak99.v6i1.4396

Karina Ramadhani Yunus Accounting Study Program, Faculty of Economics and Business, Universitas Muhammadiyah Parepare
Yusran Bachtiar Accounting Study Program, Faculty of Economics and Business, Universitas Muhammadiyah Parepare
Jumriani Jumriani Accounting Study Program, Faculty of Economics and Business, Universitas Muhammadiyah Parepare
Dayu Suhardi Development Economics Study Program, Faculty of Economics and Business, Universitas Muhammadiyah Parepare

DOI: https://doi.org/10.31850/ak99.v6i1.4396

Keywords: Lifestyle, Financial Literacy, Financial Behavior, Financial Management

Abstract

Effective financial management is crucial to preserving a family's financial stability, as household consumption is one of the primary forces driving economic growth. However, many households still struggle to manage their finances due to consumptive lifestyles, low financial literacy, and poorly controlled financial behavior. This study aims to examine the influence of lifestyle, financial literacy, and financial behavior on household financial management in Bungi Village, both partially and simultaneously. Data for this study were collected through the distribution of questionnaires. The research sample consisted of 91 respondents responsible for managing household finances, selected using purposive sampling. The data analysis technique used was multiple linear regression with the help of SPSS version 30.0. The results show that, partially, lifestyle and financial behavior have a positive and significant effect on household financial management, whereas financial literacy has a positive but insignificant effect. Simultaneously, lifestyle, financial literacy, and financial behavior significantly affect household financial management, contributing 64.3%, while the remaining 35.7% is influenced by other factors outside the model. These findings confirm that adopting a well-planned lifestyle and sound financial behavior is a strategic step toward achieving household financial well-being.