The Influence of Financial Literacy, Parental Socialization, and Peer Influences on Saving Behavior

The purpose of this study was to determine the effect of financial literacy, parental socialization, and peer influences on saving behavior. The sample selection method in this study uses convenience sampling with a sample of 316 respondents who are residents of DKI Jakarta who already have an income. The data analysis method used in this research is to use the smart partial least square (PLS) software version 3.00. The results of the data analysis conclude that there is a positive and significant influence between financial literacy, parental socialization, and peer influences on saving behavior.