The Effect of Islamic Financial Literacy and Lifestyle on the Financial Behavior of Students at STEI Al Furqon Prabumulih
DOI:
https://doi.org/10.64845/optimanus.v2i2.416Keywords:
Islamic Financial Literacy, Lifestyle, Financial BehaviorAbstract
This study aims to analyze the influence of Islamic financial literacy and lifestyle on the financial behavior of students at STEI Al Furqon Prabumulih. This study employed a quantitative approach involving a sample of 114 respondents who were active students of STEI Al Furqon Prabumulih. The data were analyzed using multiple linear regression to determine the influence of the independent variables on the dependent variable. The results of the simultaneous test (F-test) showed that the calculated F-value was 166.751, which was greater than the F-table value of 3.08, with a significance value of 0.000 < 0.05. These results indicate that Islamic financial literacy and lifestyle simultaneously have a positive and significant influence on students’ financial behavior. Therefore, it can be concluded that a higher level of Islamic financial literacy and a more appropriate lifestyle are associated with better financial behavior among students. This study highlights the important role of understanding Islamic financial principles and adopting a prudent lifestyle in shaping effective financial management behavior among students at STEI Al Furqon Prabumulih.
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