Future Financial Decisions Influencing Factors
DOI:
https://doi.org/10.55606/cemerlang.v3i2.1155Keywords:
Financial Decision, Saving, Financial InstitutionAbstract
This study aims to pinpoint the variables that affect how people make financial decisions in the future. Future financial decisions, saving choices, and trust in banking institutions are the three variables we use in this study. 197 junior high school teachers from the Bandung region participated in the study. Multivariate Regression is the analytical approach used, and it can be used to assess the influence of independent variables on dependent variables. The results demonstrate a strong positive relationship between current saving decision variables and future financial decision variables. Similar to this, varying levels of trust in financial organisations have a lot of favourable effects. These findings imply that people have a greater propensity to save when they are motivated to do so. People who have confidence in financial institutions will manage their money prudently going forward.
References
Arta, D. N. C., Leuhery, F., Abubakar, H., Yusuf, M., & Cakranegara, P. A. (2023). Literature Review: Analisis Hubungan Antara Pelatihan dan Kinerja Karyawan di Sebuah Perusahaan. Management Studies and Entrepreneurship Journal (MSEJ), 4(1), 162-168.
Atra, D. N. C., Yeti, Y., Rahayu, B., & Yusuf, M. (2022). EFFECT OF COMPETENCE AND COMPENSATION ON EMPLOYEE PERFORMANCE. Journal of Innovation Research and Knowledge, 2(6), 2477-2482.
Atmaja, D. S., Zaroni, A. N., & Yusuf, M. (2023). Actualization Of Performance Management Models For The Development Of Human Resources Quality, Economic Potential, And Financial Governance Policy In Indonesia Ministry Of Education. Multicultural Education, 9(01), 1-15
Bentley, M. J., & Bogan, V. L. (2019). Boomerang Bias: Examining the Effect of Parental Coresidence on Millennial Financial Behavior. Financial Planning Review, 2(1): e1034.
Cakranegara, P. A., Hendrayani, E., Jokhu, J. R., & Yusuf, M. (2022). Positioning Women Entrepreneurs in Small and Medium Enterprises in Indonesia–Food & Beverage Sector. Enrichment: Journal of Management, 12(5), 3873-3881.
Cakranegara, P. A., Kurniadi, W., Sampe, F., Pangemanan, J., & Yusuf, M. (2022). The Impact Of Goods Product Pricing Strategies On Consumer Purchasing Power: A Review Of The Literature. Jurnal Ekonomi, 11(03), 1115-1120.
Dacholfany, M. I., Khataybeh, A. M., Lewaherilla, N. C., Yusuf, M., Sihombing, H. B. M., & Chang, M. L. (2022). APPLICATION OF THE BALANCED SCORE CARD CONCEPT AS A HUMAN RESOURCE PERFORMANCE MEASUREMENT TOOL AT THE MINISTRY OF HIGHER EDUCATION IN INDONESIA. MULTICULTURAL EDUCATION, 8(04), 1-13
Eberhardt, W., Bruine de Bruin, W., & Strough, J. (2018). Age differences in financial decision making: The benefits of more experience and less negative emotions. Journal of Behavioral Decision Making, 32(1): 79 – 93.
Ernayani, R., Fauzan, R., Yusuf, M., & Tahirs, J. P. (2022). The Influence of Sales And Operational Costs on Net Income in Cirebon Printing Companies. Al-Kharaj: Journal of Islamic Economic and Business, 4(2).Fachrurazi, F., Zarkasi, Z., Maulida, S., Hanis, R., & Yusuf, M. (2022). INGCREASING MICRO SMALL MEDIUM ENTEPRISES ACTIVITY ENTREPRENEURIAL CAPACITY IN THE FIELD OF DIGITAL MARKETING. Jurnal Ekonomi, 11(03), 1653-1660.
Gerrans, P., & Hershey, D. A. (2016). Financial Adviser Anxiety, Financial Literacy, and Financial Advice Seeking. The Journal of Consumer Affairs, 15(1): 54 - 90.
Greenberg, A. E., & Hershfield, H. E. (2018). Financial Decision Making. Consumer Psychology Review, 2(1): 17 – 29.
Gujarati, D. N., & Porter, D. C. (1979). Basic Econometrics (5th edition). New York: The McGraw-Hill Companies, Inc.
Haribowo, R., Moridu, I., Rafid, M., Kamar, K., & Yusuf, M. (2022). COMPARATIVE ANALYSIS OF INDONESIAN HOUSEHOLD CONSUMPTION EXPENDITURE 2018-2021. Journal of Innovation Research and Knowledge, 2(6), 2497-2504
Holik, A., & Mulyeni, S. (2019). Financial Awareness among the Teachers, Economics Development Analysis Journal, 8(3): 316 – 328.
Howlett, E., Kees, J., & Kemp, E. (1978). The Role of Self-Regulation, Future Orientation, and Financial Knowledge in Long-Term Financial Decisions. The Journal of Consumer Affairs, 42(2): 223 – 242.
Kraft, H., & Steffensen, M. (1978). Optimal Consumption and Insurance: A Continous-Time Markov Chain Approach. Astin Bulletin, 38(1): 231 – 257.
Kim, J., Gutter, M. S., & Spangler, T. (2017). Review of Family Financial Decision Making: Making Suggestion for Future Research and Implications for Financial Education. Journal of Financial Counseling and Planning, 28(2): 253 – 267
Kurniawan, A., Yusuf, M., Manueke, B., Norvadewi, N., & Nurriqli, A. (2022). In Tokopedia Applications, The Effect Of Electronic Word Of Mouth And Digital Payment On Buying Intention
Mujahidin, M., Yusuf, M., Ardianto, R., Sutaguna, I. N. T., & Sampe, F. (2022). The Effect of Relationship Marketing and Relationship Quality on Customer Loyalty (Bank Muamalat Indonesia). Technium Social Sciences Journal, 38, 312-323.
Nurfauzi, Y., Taime, H., Hanafiah, H., Yusuf, M., & Asir, M. (2023). Literature Review: Analisis Faktor yang Mempengaruhi Keputusan Pembelian, Kualitas Produk dan Harga Kompetitif. Management Studies and Entrepreneurship Journal (MSEJ), 4(1), 183-188.
Pudjowati, J., Cakranegara, P. A., Pesik, I. M., Yusuf, M., & Sutaguna, I. N. T. (2021). The Influence Of Employee Competence And Leadership On The Organizational Commitment Of Perumda Pasar Juara Employees. Jurnal Darma Agung, 30(2), 606-613.
Ramli, R. R. (2021). Pelaku Pembobolan Nasabah Ditangkap: Ini Respon Bank BTPN. Data diakses dari https://money.kompas.com/read/2021/10/13/183400526/pelaku-pembobolan- data-nasabah-ditangkap-ini-respons-bank-btpn at 12/16/2021.
Salleh, M. C. M., Chowdhury, M. A. M., Nasarudin, M. F. B. M., Ratnasari, R. T. (2020). The Impact of Cognitive Factors on Individuals‘ Financial Decisions. Management and Accounting Review, 19(3): 69 – 88.
Sonnenberg, S. J. (2018). the Economic Psychology of Financial Decision-Making and Money Management in the Household. In Rob Ranyard (ed.) Economic Psychology. John Wiley & Sons, Ltd: New Jersey
Strömbäck, C., Lind, T., Skagerlund, K., Västfjäll, D., & Tinghög, G. (2017). Does self-control predict financial behavior and financial well-being? Journal of Behavioral and Experimental Finance, 14: 30 – 38.
Warmath, D., Piehlmaier, D., & Robb, C. (2019). The Impact of Shared Financial Decision Making on Overconfidence for Married Adults. Financial Planning Review, 2(1): e1032.
West, T., & Cull, M. (2020). Future Expectation and Financial Satisfaction. Economic Papers: a Journal of Applied Economics and Policy, 39(4): 318 - 335.
Wowling, S. A. S., Yusuf, M., Gampu, S., & Sahala, J. (2022). PRODUCT QUALITY AND PRICING INFLUENCE ON THE BRAND REPUTATION OF LOCO COFFEE FAST FOOD PRODUCTS. Jurnal Darma Agung, 30(2), 541-548.
Yani, D., Yusuf, M., Rosmawati, E., & Apriani, Z. (2022). Branding Brand Image Strategy Study Through Digital Marketing Overview on MSMEs: Sanggabuana Coffee (KoSa) in Mekarbuana Village, Karawang. International Journal of Economics and Management Research, 1(3), 183-193.
Yusuf, M., Saiyed, R., & Sahala, J. (2022, December). Swot Analysis in Making Relationship Marketing Program. In Proceeding of The International Conference on Economics and Business (Vol. 1, No. 2, pp. 573-588)
