The Impact of Financial Literacy, Peer Influence, and Lifestyle on the Saving Behavior of University Students Living Away from Home in Yogyakarta

Edwin Satriyani Ganti () and Pristin Prima Sari
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Edwin Satriyani Ganti: Universitas Sarjanawiyata Tamansiswa
Pristin Prima Sari: Universitas Sarjanawiyata Tamansiswa

A chapter in Proceedings of the 4th International Conference on Management and Business (ICoMB 2025), 2026, pp 296-305 from Springer

Abstract: Abstract This study explores the influence of financial literacy, peer influence, and lifestyle on the saving behavior of migrant university students in Yogyakarta, Indonesia. Living away from family, these students face financial challenges that require independent money management. Using a quantitative approach, data were collected from 100 respondents via structured questionnaires and analyzed using Partial Least Squares (PLS) with SmartPLS 4. The findings show that financial literacy, peer influence, and lifestyle each have a significant positive effect on saving behavior. Students with higher financial literacy make better financial decisions, while supportive peer environments and disciplined lifestyles promote consistent saving habits. These results underscore the importance of integrating financial education into university curricula and fostering social settings that encourage responsible financial practices. By understanding these factors, universities can better support students in developing sustainable financial habits that contribute to long-term financial well-being.

Keywords: Financial Literacy; Peer Influence; Lifestyle; Saving Behavior (search for similar items in EconPapers)
Date: 2026
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6239-656-2_24

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DOI: 10.2991/978-94-6239-656-2_24

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