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September 23, 2025Journal of Economics Social and Humanities1 citations

Financial Literacy and Self-Control on Financial Security: The Mediating Role of Financial Behavior

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SDSofiana DewiMFMuhammad Ali FikriTSTina Sulistiyani

Key Points

  • Financial literacy positively influences financial behavior, indicating better financial management skills.
  • Increased financial literacy also enhances financial security, suggesting a need for effective financial education programs.
  • Self-control does not significantly affect financial behavior or financial security, highlighting a potential area for further research.
  • Financial behavior does not mediate the relationship between financial literacy and financial security, which may inform policy on financial education.

Abstract

Dynamic developments encourage individuals to have the ability and knowledge to manage finances. Financial literacy and self-control in individuals enhance financial behavior and financial security. This study aims to analyze the influence of financial literacy and self-control on financial security with financial behavior as a mediator. The research sample consists of 106 respondents from Generation Z in Yogyakarta, Indonesia. Statistical analysis used a structural equation model with Smart Partial Least Square version 4.0. The results of this study indicate that financial literacy has a positive effect on financial behavior, financial literacy has a positive impact on financial security, self-control does not have a positive effect on financial behavior, self-control does not influence financial security, financial behavior has a positive impact on financial security, financial behavior does not mediate the positive influence of financial literacy on financial security, and financial behavior does not mediate the positive influence of self-control on financial security.

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Cite This Study

Dewi et al. (2025) studied this question.

synapsesocial.com/papers/68d4726431b076d99fa6b97ehttps://doi.org/10.30595/jesh.v3i1.323
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