Pengaruh Financial Knowledge dan Internal Locus Of Control terhadap Personal Financial Management Behavior ( Studi Pada Pelaku UMKM di Jalan STM Kota Medan )

Abstract

The growth of young entrepreneurs in Indonesia has experienced a significant reminder with the demand to be able to survive and develop for the continuity of entrepreneurship. The existence of small, micro and medium enterprises is the largest part of the national economy and is the participation of the community in various sectors of economic activity. This study aims to analyze how financial knowledge and internal locus of control influence personal financial management behavior. the influence between financial knowledge and internal locus of control will be analyzed partially and simultaneously on personal financial management behavior The form of research used is quantitative with an associative approach. The population in this study uses the Lemeshow formula with a total of 96 respondents as a sample. Primary data used in this study were obtained by distributing questionnaires directly while secondary data was obtained through library research. The data analysis method used is instrument test, classical assumption test, multiple linear regression analysis and hypothesis testing using SPSS. The results of the research conducted show that financial knowledge and internal locus of control have a significant effect both partially and simultaneously on personal financial management behavior in MSME actors at Jalan STM Medan City. The coefficient of determination test shows that there is a close relationship between variables with an R value of 0.700. Through the adjusted R square value it is also known that the financial knowledge and internal locus of control variables contribute 48% to the personal financial management behavior variable while the remaining 52% is influenced by other variables outside this research model.