Enhancing financial well-being and saving behavior: Do family, peers, and financial behavior matter?
DOI:
https://doi.org/10.12928/jombi.v4i1.2202Abstract
Purpose-This study examines how family financial socialization and peer influence affect saving behavior and financial well-being. It investigates financial behavior as a mediating variable among students in Yogyakarta, Indonesia. Young people are increasingly financially independent yet prone to consumerism, so understanding the roles of socialization and financial behavior in shaping saving habits and financial well-being is crucial.
Methodology-A quantitative survey was conducted with 141 Generation Z students enrolled in universities in Yogyakarta, Indonesia, who manage their own income or allowance, selected using purposive sampling. Data were analyzed using partial least squares structural equation modeling with SmartPLS.
Findings-Family financial socialization positively influences financial behavior, saving behavior, and financial well-being, while financial behavior positively influences saving behavior and financial well-being. Financial behavior mediates the effect of family financial socialization on saving behavior and financial well-being, confirming its role as the main pathway from family socialization to financial outcomes. In contrast, peer influence shows no meaningful effect on financial behavior, saving behavior, or financial well-being, and the mediating role of financial behavior in these relationships is also not supported.
Research Limitations-The cross-sectional design cannot capture changes in financial behavior over time, and the sample is limited to Generation Z students in Yogyakarta, Indonesia, so caution is warranted when generalizing the findings to other populations. The use of self-report measures may also introduce perception and social desirability bias.
Novelty-This study simultaneously tests family financial socialization, peer influence, financial behavior, saving behavior, and financial well-being within a single model and demonstrates that family socialization and personal financial behavior play a more dominant role than peer influence in explaining saving behavior and financial well-being. The results highlight the need for future research on other social factors (e.g., social media, digital financial literacy, financial self-efficacy) and for longitudinal and cross-context designs to deepen understanding of how financial well-being develops among younger generations.
References
Ahamed, A. F. M., Jakubowska, D., Pacholek, B., & Dziewanowska, K. (2025). Exploring factors affecting young adults' financial management behavior: A hybrid PLS-SEM and fsQCA approach. Financial Services Review, 33(4), 164-190. https://doi.org/10.61190/fsr.v33i5.4224
Ajzen, I. (1991). The theory of planned behavior. Organizational Behavior and Human Decision Processes, 50(2), 179–211. https://doi.org/10.1016/0749-5978(91)90020-T
Algarni, M. A., Ali, M., & Ali, I. (2026). The role of financial parenting, childhood financial socialization, and childhood financial experiences in developing financial well-being among adolescents in their later life. Journal of Economic and Administrative Sciences, 42(2), 410–442, https://doi.org/10.1108/JEAS-07-2023-0194
Al-Ichwani, A., & Rahayu, R. (2025). Unveiling the influence of financial attitude, financial literacy, and lifestyle on decision-making and financial well-being: A comprehensive study on Generation Z. Jurnal Dinamika Manajemen, 16(1), 179–201. https://doi.org/10.15294/jdm.v16i1.24211
Alodya, S. T. D. (2021). The effects of financial literacy, parental socialization, and peer influence on saving behavior, and the role of financial attitudes as a mediating variable among millennial workers in the city of Palembang. Russian Journal of Agricultural and Socio-Economic Sciences, 118(10), 89–97. https://doi.org/10/18551/rjoas.2021-10.11
Alshebami, A. S., & Seraj, A. H. A. (2021). The antecedents of saving behavior and entrepreneurial intention of Saudi Arabia University students. Kuram ve Uygulamada Eğitim Bilimleri, 21(2), 67–84. http://dx.doi.org/10.12738/jestp.2021.2.005
Alsuwaidi, R., Ahmad, S. Z., & Khalid, K. (2025). Determinants of financial well-being for emerging adults: The moderating effect of financial risk tolerance. International Journal of Social Economics, 52(7), 976–990. https://doi.org/10.1108/IJSE-08-2023-0668
Azzahra, P. S. R., & Hardini, H. T. (2026). Exploring how financial literacy and peer influence impact financial behavior: Understanding the role of locus of control in higher education. The Indonesian Accounting Review, 16(1), 43–62. https://doi.org/10.14414/tiar.v16i1.5596
Bado, B., Hasan, M., Tahir, T., & Hasbiah, S. (2023). How do financial literacy, financial management learning, financial attitudes, and financial education in families affect personal financial management in Generation Z? International Journal of Professional Business Review, 8(5), 1–29.
Bandura, A. (1977). Social learning theory. Prentice-hall.
Barrafrem, K., Tinghög, G., & Västfjäll, D. (2024). Behavioral and contextual determinants of different stages of saving behavior. Frontiers in Behavioral Economics, 3, 1381080. https://doi.org/10.3389/frbhe.2024.1381080
Bhat, S. A., Lone, U. M., SivaKumar, A., & Krishna, U. G. (2025). Digital financial literacy and financial well-being–evidence from India. International Journal of Bank Marketing, 43(3), 522–548. https://doi.org/10.1108/IJBM-05-2024-0320
Chong, K. F., Sabri, M. F., Magli, A. S., Abd Rahim, H., Mokhtar, N., & Othman, M. A. (2021). The effects of financial literacy, self-efficacy, and self-coping on the financial behavior of emerging adults. The Journal of Asian Finance, Economics and Business, 8(3), 905–915. http://doi.org/10.13106/jafeb.2021.vol8.no3.0905
Cruz, L. A., Peñaloza, V., Porto, N., & An, T. (2025). The role of personal and cultural values on saving behavior: A cross-national analysis. International Journal of Sociology and Social Policy, 45(1-2), 257–273. https://doi.org/10.1108/IJSSP-08-2024-0395
Damian, L. E., Negru-Subtirica, O., Domocus, I. M., & Friedlmeier, M. (2020). Healthy financial behaviors and financial satisfaction in emerging adulthood: A parental socialization perspective. Emerging Adulthood, 8(6), 548–554. https://doi.org/10.1177/2167696819841952
Das, S., & Mahapatra, S. K. (2023). The big three of financial literacy: Analyzing its influences on financial well-being. FWU Journal of Social Sciences, 17(2), 1–23. http://doi.org/10.51709/19951272/Summer2023/1
Dewi, A. K. (2025). Financial literacy and digital savings behavior of Gen Z in the fintech era: A systematic literature review. Journal of Banks and Financial Institutions, 1(2), 100–115. https://doi.org/10.70764/gdpu-jbfi.2025.1(2)-09
Dhungana, M., & Shrestha, N. (2025). Financial foundations: Role of family financial socialization and literacy in enhancing financial well-being of Gen Z. Journal of Emerging Management Studies, 3(1), 88–105. https://doi.org/10.3126/jems.v3i1.78639
Donou-Adonsou, F., & Leslie-Piper, N. (2026). Digital traps: The compounding impact of BNPL and social media on consumer financial stress. Finance Research Letters, 93, 109636. https://doi.org/10.1016/j.frl.2026.109636
Fan, L., & Henager, R. (2022). A structural determinants framework for financial well-being. Journal of Family and Economic Issues, 43(2), 415-428. https://doi.org/10.1007/s10834-021-09798-w
Farhana, A. (2026). Financial behavior and its association with impulsive buying behavior: An empirical analysis on Gen Z and Millennials. RIGGS: Journal of Artificial Intelligence and Digital Business, 4(4), 194–199. https://doi.org/10.31004/riggs.v4i4.3230
Festinger, L. (1954). A theory of social comparison processes. Human Relations, 7(2), 117–140. https://doi.org/10.1177/001872675400700202
Geraldes, H. S. A., Gama, A. P. M., & Augusto, M. (2026). Financial well‐being: A combined analysis of objective and subjective factors and institutional context. International Journal of Finance & Economics, 31(2), 2593-2620. https://doi.org/10.1002/ijfe.70062
Gudmunson, C. G., & Danes, S. M. (2011). Family financial socialization: Theory and critical review. Journal of Family and Economic Issues, 32(4), 644–667. https://doi.org/10.1007/s10834-011-9275-y
Hair, J. F., Hult, G. T. M., Ringle, C. M., & Sarstedt, M. (2022). A primer on partial least squares structural equation modeling (PLS-SEM) (3rd ed.). Sage Publications.
Hartono, U., & Isbanah, Y. (2022). Students’ saving behavior: What are the motives that influence them to save? Jurnal Ekonomi Bisnis Dan Kewirausahaan, 11(3), 363. http://dx.doi.org/10.26418/jebik.v11i3.56561
Hashmi, F., Aftab, H., Martins, J. M., Nuno Mata, M., Qureshi, H. A., Abreu, A., & Mata, P. N. (2021). The role of self-esteem, optimism, deliberative thinking, and self-control in shaping the financial behavior and financial well-being of young adults. Plos one, 16(9), e0256649. https://doi.org/10.1371/journal.pone.0256649
Hay, C., Forrest, W., Stults, B., Meldrum, R., & Kirkpatrick, B. (2025). Collective self-control as a feature of social contexts: Theoretical arguments and a multilevel empirical test. Journal of Research in Crime and Delinquency, 62(1), 90–135.
https://doi.org/10.1177/00224278231217927
Hidayat, T., Wahjoedi, W., Wahyono, H., & Utomo, S. H. (2026). Financial socialization among Generation Z: How children of Millennial parents internalize money values. Journal Eduscience, 13(1), 256–268. https://doi.org/10.36987/jes.v13i1.8403
Jin, X., Zhao, Y., Song, W., & Zhao, T. (2021). Save for safe: Effect of COVID-19 pandemic on consumers' saving and spending behavior in China. Frontiers in Psychology, 12, 636859. https://doi.org/10.3389/fpsyg.2021.636859
Kadir, J. M. A., Shoukat, A., Naghavi, N., & Jamaluddin, A. A. (2021). The saving behavior in emerging country: The role of financial knowledge, peer influence and parent socialization. Pakistan Business Review, 22(4). https://doi.org/10.22555/pbr.v22i4.396
Kakde, H., Kalani, R., & Lad, K. (2025). Materialism, health, and social pressures: A review of their impact on financial well-being. International Journal of Research Publication and Reviews, 6(2), 91-96.
Kamraju, M. (2025). Chasing dreams on credit: Social media, aspirational spending, and financial strain among Indian Gen Z. Social Values and Society, 7(1), 24-33. http://doi.org/10.26480/svs.01.2025.24.33
Kardash, N., Coleman-Tempel, L. E., & Ecker-Lyster, M. E. (2023). The role of parental education in financial socialization of children. Journal of Family and Economic Issues, 44(1), 143-155. https://doi.org/10.1007/s10834-021-09806-z
Kaur, R., & Singh, M. (2024). The dynamics of family financial socialization: impact on financial self-efficacy and financial behavior. NMIMS Management Review, 32(2), 106-117. https://doi.org/10.1177/09711023241282195
Khawar, S., & Sarwar, A. (2021). Financial literacy and financial behavior with the mediating effect of family financial socialization in the financial institutions of Lahore, Pakistan. Future Business Journal, 7(1), 27. https://doi.org/10.1186/s43093-021-00064-x
Kozol, E., Afşin, Y., & İçke, B. T. (2025). Generation Z and financial behavior: The role of financial literacy. Siyasal: Journal of Political Sciences, 34(2), 294-316. https://doi.org/10.26650/siyasal.2025.34.1598733
Laursen, B., & Veenstra, R. (2021). Toward understanding the functions of peer influence: A summary and synthesis of recent empirical research. Journal of Research on Adolescence, 31(4), 889-907. https://doi.org/10.1111/jora.12606
LeBaron, A. B., & Kelley, H. H. (2021). Financial socialization: A decade in review. Journal of Fmily and Economic Issues, 42(Suppl 1), 195-206. https://doi.org/10.1007/s10834-020-09736-2
LeBaron‐Black, A. B., Curran, M. A., Hill, E. J., Toomey, R. B., Speirs, K. E., & Freeh, M. E. (2023). Talk is cheap: Parent financial socialization and emerging adult financial well‐being. Family Relations, 72(3), 1201-1219. https://doi.org/10.1111/fare.12751
LeBaron-Black, A. B., Suxo-Sanchez, S. C., Rich, E., Rogers, A. A., & Marks, L. D. (2025). Talk is (still) cheap: A multi-informant analysis of parent financial socialization during adolescence. Journal of Social and Personal Relationships, 42(10), 2753-2779. https://doi.org/10.1177/02654075251350079
Lian, H., Huai, M., Farh, J. L., Huang, J. C., Lee, C., & Chao, M. M. (2022). Leader unethical pro-organizational behavior and employee unethical conduct: Social learning of moral disengagement as a behavioral principle. Journal of Management, 48(2), 350-379. https://doi.org/10.1177/0149206320959699
Lössbroek, J., & Tubergen, F. V. (2024). Saving behavior among immigrant and native youth. Comparative Migration Studies, 12(1), 31. https://doi.org/10.1186/s40878-024-00389-w
Lučić, A., Erceg, N., & Barbić, D. (2025). Determinants of tweens’ saving intentions: A cross-sectional study. International Journal of Bank Marketing, 43(2), 239-261. https://doi.org/10.1108/IJBM-08-2023-0468
Mahdzan, N. S., Sabri, M. F., Husniyah, A. R., Magli, A. S., & Chowdhury, N. T. (2023). Digital financial services usage and subjective financial well-being: Evidence from low-income households in Malaysia. International Journal of Bank Marketing, 41(2), 395-427. https://doi.org/10.1108/IJBM-06-2022-0226
Mahendru, M., Sharma, G. D., & Hawkins, M. (2022). Toward a new conceptualization of financial well‐being. Journal of Public Affairs, 22(2), e2505. https://doi.org/10.1002/pa.2505
Mancone, S., Tosti, B., Corrado, S., Spica, G., Zanon, A., & Diotaiuti, P. (2024). Youth, money, and behavior: The impact of financial literacy programs. In Frontiers in Education (Vol. 9, p. 1397060). https://doi.org/10.3389/feduc.2024.1397060
Maola, I., & Bisari, N. A. (2026). The influence of financial literacy, financial attitude, and self-control on financial management behavior among Generation Z students at the Faculty of Economics, UNWAHA. Accounting and Finance Studies, 6(2), 119-139. https://doi.org/10.47153/afs62.24532026
Marchyta, N. K., Lay, M., & Kusumawardhani, A. (2024). College student’s financial well-being on Java Island: The role of financial literacy, financial behavior, and financial socialization. International Journal of Organizational Behavior and Policy, 3(1), 27-38. https://doi.org/10.9744/ijobp.3.1.27-38
Muat, S., Mahdzan, N. S., & Sukor, M. E. A. (2025). How do family financial socialization and financial literacy dimensions shape the financial well-being of Indonesian millennials? A serial mediation analysis. Journal of Family and Economic Issues, 46(3), 867-886. https://doi.org/10.1007/s10834-025-10047-7
Nesia, I. L. N. H., & Sartika, F. (2024). The influence of lifestyle and financial literacy on saving behavior with self-control as a moderating variable: A study on young workers. International Journal of Economics Development Research (IJEDR), 5(6), 4597-4613.
Novitasari, A. T. (2024). The role of economic education in the family on the consumptive behavior of university students. International Education Trend Issues, 2(2), 212-222. https://doi.org/10.56442/ieti.v2i2.559
Pak, T. Y., Fan, L., & Chatterjee, S. (2024). Financial socialization and financial well‐being in early adulthood: The mediating role of financial capability. Family Relations, 73(3), 1664-1685. https://doi.org/10.1111/fare.12959
Parhusip, A. A., Ramadhan, M. R., & Ananda, R. D. (2025). The phenomenon of high pay later and financial literacy in the consumptive behavior of Generation Z In Medan City. Ekonomika Syariah: Journal of Economic Studies, 9(2), 231-245. https://doi.org/10.30983/es.v9i2.10057
Piduru, B. R. (2023). Navigating digital transformation: Impacts on inflation and the job market. International Journal of Engineering and Technology Research (IJETR), 8, 1-10. https://doi.org/10.17605/OSF.IO/8VQMW
Piroșcă, G. I., Șerban-Oprescu, G. L., Badea, L., Stanef-Puică, M. R., & Valdebenito, C. R. (2021). Digitalization and labor market: A perspective within the framework of pandemic crisis. Journal of Theoretical and Applied Electronic Commerce Research, 16(7), 2843-2857. https://doi.org/10.3390/jtaer16070156
Purnamasari, E. D., Anggraini, L. D., & Faradillah. (2025). Influence of fintech pay later, financial well-being, behavioral finance, and digital financial literacy on MSME sustainability in South Sumatera. Journal of Risk and Financial Management, 18(12), 682. https://doi.org/10.3390/jrfm18120682
Putra, I. G. S. (2025). Unpacking the influence of parental and peer support on youth financial literacy and saving behavior in Indonesia. Jurnal Siasat Bisnis, 194-210. https://doi.org/10.20885/jsb.vol29.iss2.art5
Putra, R. H., & Dewi, A. S. (2025). Generation Z and the reality of employment in Indonesia: A problematic portrait of the youngest workforce. Priviet Social Sciences Journal, 5(12), 352-360. https://doi.org/10.55942/pssj.v5i12.781
Rahman, M., Isa, C. R., Masud, M. M., Sarker, M., & Chowdhury, N. T. (2021). The role of financial behaviour, financial literacy, and financial stress in explaining the financial well-being of B40 group in Malaysia. Future Business Journal, 7(1), 52. https://doi.org/10.1186/s43093-021-00099-0
Rai, K., Ahuja, B. K., & Sharma, M. (2025). Exploring linkages of financial literacy with financial well-being: the mediating aspect of financial behaviour and financial self-efficacy. International Journal of Law and Management. https://doi.org/10.1108/IJLMA-02-2025-0066
Riitsalu, L., Sulg, R., Lindal, H., Remmik, M., & Vain, K. (2024). From security to freedom—the meaning of financial well-being changes with age. Journal of Family and Economic Issues, 45(1), 56-69. https://doi.org/10.1007/s10834-023-09886-z
Riyazahmed, D. K. (2021). Does financial behavior influence financial well-being? Journal of Asian Finance, Economics, and Business (JAFEB), 8(2), pp. 273-280. http://doi.org/10.13106/jafeb.2021.vol8.no2.0273
Rusanda, R., & Usman, H. (2026). The influence of savings motivation and peers on financial habits among adolescents in Tolada Village. Al-Kharaj: Journal of Islamic Economic and Business, 8(1). https://doi.org/10.24256/kharaj.v8i1.8688
Saada, S. (2025). The influence of financial innovation and market capitalization on economic growth: A comparative review of global and emerging markets. Journal of Recycling Economy & Sustainability Policy, 4(1), 17-29.
Sabri, M. F., Anthony, M., Law, S. H., Rahim, H. A., Burhan, N. A. S., & Ithnin, M. (2023). Impact of financial behaviour on financial well-being: Evidence among young adults in Malaysia. Journal of Financial Services Marketing, 1. https://doi.org/10.1057/s41264-023-00234-8
Sabri, M. F., Anthony, M., Wijekoon, R., Suhaimi, S. S. A., Abdul Rahim, H., Magli, A. S., & Isa, M. P. M. (2021). The influence of financial knowledge, financial socialization, financial behaviour, and financial strain on young adults’ financial well-being. International Journal of Academic Research in Business and Social Sciences, 11(12), 566-586. http://dx.doi.org/10.6007/IJARBSS/v11-i12/11799
Sabri, M. F., Reza, T. S., & Wijekoon, R. (2020). Financial management, savings behavior, investment behavior and financial well-being of working women in the public sector. Majalah Ilmiah Bijak, 17(2), 135-153.
Sajuyigbe, A. S., Adegun, E. A., Adeyemi, F., Johnson, A. A., Oladapo, J. T., & Jooda, D. T. (2024). The interplay of financial literacy on the financial behavior and well-being of young adults: Evidence from Nigeria. Jurnal Ilmu Ekonomi Terapan, 9(1), 120-136. https://doi.org/10.20473/jiet.v9i1.56411
Sapira, B., Juhari, J., Suhardi, S., & Makrus, M. (2025). Financial self-efficacy, lifestyle, and peer influence on credit decisions: The mediating role of financial control in Gen Z. Economic: Journal Economic and Business, 4(2), 292-307. https://doi.org/10.56495/ejeb.v4i2.1082
Sarita, B., Mas' ud, A., & Saleh, S. (2026). The influence of financial literacy, financial socialization, self-control, financial technology, and digital financial literacy on financial well-being mediated by the financial behavior of the millennial generation in Konawe Regency. Architecture Image Studies, 7(1), 2154-2170. https://doi.org/10.62754/ais.v7i1.1191
Satiti, S., Listyaningsih, U., & Pitoyo, A. J. (2025). Generations: Demographic trends. In Managing Disruption and Developing Resilience for a Better Southeast Asia: The 4th SEASIA Biennial Conference 2022 (p. 327). Springer Nature.
Sharma, V., Kumar, R., & Sood, K. (2025). The influence of financial socialization, financial self-efficacy, and self-control on financial well-being: Does personal financial management behavior mediates the relationship? Journal of the Knowledge Economy, 1-31. https://doi.org/10.1007/s13132-025-02623-x
She, L., Rasiah, R., Turner, J. J., Guptan, V., & Sharif Nia, H. (2022). Psychological beliefs and financial well-being among working adults: The mediating role of financial behaviour. International Journal of Social Economics, 49(2), 190-209. https://doi.org/10.1108/IJSE-07-2021-0389
She, L., Waheed, H., Lim, W. M., & E-Vahdati, S. (2023). Young adults' financial well-being: Current insights and future directions. International journal of bank marketing, 41(2), 333-368. https://doi.org/10.1108/IJBM-04-2022-0147
Sheng, S. Y., & Feng, W. (2022). Family matters: Examine the role of family financial socialization to improve consumer financial well-being. Journal of Applied Business & Economics, 24(3). https://doi.org/10.33423/jabe.v24i3.5193
Shih, H. M., Chen, B. H., Chen, M. H., Wang, C. H., & Wang, L. F. (2022). A study of the financial behavior based on the theory of planned behavior. International Journal of Marketing Studies, 14(2), 1. https://doi.org/10.5539/ijms.v14n2p1
Shim, S., Barber, B. L., Card, N. A., Xiao, J. J., & Serido, J. (2010). Financial socialization of first-year college students: The roles of parents, work, and education. Journal of Youth and Adolescence, 39(12), 1457–1470. https://doi.org/10.1007/s10964-009-9432-x
Shrestha, P. M., & Rawat, D. S. (2023). Financial literacy, saving behaviour and entrepreneurial intention: The moderating effect of family financial socialization. Researcher CAB: A Journal for Research and Development, 2(1), 17-49.
Sinnewe, E., & Nicholson, G. (2023). Healthy financial habits in young adults: An exploratory study of the relationship between subjective financial literacy, engagement with finances, and financial decision‐making. Journal of Consumer Affairs, 57(1), 564-592. https://doi.org/10.1111/joca.12512
Sorgente, A., Serido, J., Lanz, M., & Shim, S. (2024). Family financial socialization during emerging adulthood: Insights from a cross-lagged panel model. Journal of Family Psychology, 38(1), 161 –173. https://doi.org/10.1037/fam0001139
Sundarasen, S., Kamaludin, K., & Ibrahim, I. (2026). From family systems to financial outcomes: Role of parental financial socialization. Societies, 16(2), 47. https://doi.org/10.3390/soc16020047
Thung, C. M., Kai, C. Y., Nie, F. S., Chiun, L. W., & Tsen, T. C. (2012). Determinants of saving behaviour among the university students in Malaysia. Final Year Project, UTAR.
Ullah, S., & Yusheng, K. (2020). Financial socialization, childhood experiences and financial well-being: The mediating role of locus of control. Frontiers in Psychology, 11, 2162. https://doi.org/10.3389/fpsyg.2020.02162
Vineeth, K. M., Shiju, C. R., & Melbin, M. S. (2025). Influence of financial behavior on financial satisfaction and financial well-being. Research Journal of Humanities and Social Sciences, 16(4), 273-280. https://doi.org/10.52711/2321-5828.2025.00045
Vosylis, R., & Klimstra, T. (2022). How does financial life shape emerging adulthood? Short-term longitudinal associations between perceived features of emerging adulthood, financial behaviors, and financial well-being. Emerging Adulthood, 10(1), 90-108. https://doi.org/10.1177/2167696820908970
Ward, S. (1974). Consumer socialization. Journal of Consumer Research, 1(2), 1-14. https://doi.org/10.1086/208584
Warokka, A., Sartika, D., & Aqmar, A. Z. (2025). Digital credit and debt traps: Behavioral and socio-cultural drivers of fintech indebtedness in Indonesia. FinTech, 4(4), 62. https://doi.org/10.3390/fintech4040062
Watkins, K., McCoy, M., White, K., Reiter, M., & Liu, Y. (2024). Exploring the role of financial socialization on financial planning students’ financial and career confidence: A thematic analysis. Journal of Family and Economic Issues, 45(1), 106-116. https://doi.org/10.1007/s10834-023-09892-1
Windasari, I. W., & Sadhu, H. P. M. (2026). Overcoming doom spending through financial literacy: Generation Z’s perspective in achieving financial well-being. Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE), 9(2), 12683-12699. https://doi.org/10.31538/iijse.v9i2.10124
Yeo, K. H. K., Lim, W. M., & Yii, K. J. (2024). Financial planning behavior: A systematic literature review and new theory development. Journal of Financial Services Marketing, 29(3), 979-1001. https://doi.org/10.1057/s41264-023-00249-1
Yuliarto, T., Inayah, S. N., & Sugiyarti, G. (2024). The influence of financial attitude and social influence on saving behavior with financial literacy as an intervening variable. Saudi Journal of Economics and Finance, 8(01), 14-23. https://doi.org/10.36348/sjef.2024.v08i01.003
Yürük, M. F. (2025). Mediating roles of financial literacy, self-control, and peer influence on investment behavior: Turkish university students. Social Sciences & Humanities Open, 12, 102238. https://doi.org/10.1016/j.ssaho.2025.102238
Zhao, H., & Zhang, L. (2020). Talking money at home: The value of family financial socialization. International Journal of Bank Marketing, 38(7), 1617-1634. https://doi.org/10.1108/IJBM-04-2020-0174
Downloads
Published
Issue
Section
License
Copyright (c) 2026 Journal of Management and Business Insight
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
Authors who publish with this journal agree to the following terms:
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).
