Combination of Financial Knowledge and Financial Attitude in Establishing Good Financial Management Behaviour for Students After the COVID-19 Pandemic

Objective: This study aims to investigate the factors influencing student financial management behaviour after the COVID-19 pandemic. Financial management behaviour is believed to be a driving factor in managing good finances during a difficult financial condition. Design/Methods/Approach: This study applied quantitative methods by distributing questionnaires using google forms. A total of 173 data were declared valid. The data was then processed using SEM GSCA Pro software to test its validity and reliability. Then measurements of the fit model and hypothesis test were carried out. The mediation test was carried out using the Sobel test. Findings: The results of this study indicate that financial knowledge and financial attitude have a significant effect on financial management behaviour. However, locus of control and materialism do not influence financial management behaviour. This study also revealed that financial attitude mediates the effect of financial knowledge on financial management behaviour. Originality: This research applied the Theory of Planned Behaviour in predicting factors that influence student financial management. This research also contributes to financial literacy and reveals the influence of financial knowledge, financial attitude, locus of control, and materialism. The difference between this research and the previous one is that this study tried to discuss the antecedents of student financial management behaviour after the COVID-19 pandemic. Financial management behaviour research after the COVID-19 pandemic is rarely examined, so this research filled the existing gaps. Practical/Policy implication: Practitioners and policymakers should focus on good financial education, so students have good financial knowledge. In addition, inner attitudes must also be formed with periodic training to form a good financial attitude.