Financial Literacy, Materialism and Financial Behavior

Otoritas jasa keuangan (ojk) focus on improving financial behavior is through financial education program. this study discusses the importance of financial literacy and materialism attitudes in affecting individual’s financial behaviour. using survey on 129 undergraduates of economic education, financial literacy and materialism being factor in affecting behaviour finance. the result of research shows that financial literacy has positive and significant contribution on financial behaviour. it can be seen from the original sample value is 0.244 and t-value 2.319 > 1.96. in addition materialism has a positive and significant contribution on financial behaviour with the original sample value is -0.583 and t-value 6.666 > 1.96. undergraduates with high financial literacy has good financial behaviour, and undergraduates with low materialism tends can hold an activity related to the purchase of consumer goods and services. moreover, the significance of financial literacy and self-efficacy has important implications for the development of policies that aim to improve financial behaviour among college students in financial education programs.