Smart Money Moves: How Financial Literacy, Lifestyle, and Social Media Shape Student Finances

Thalia Risdianti Ardiana; Sasongko Budisusetyo

doi:10.64417/rabo.v2i1.0028

Vol. 2 No. 1 (2026), Articles

Vol. 2 No. 1 (2026) Page 34-48

Smart Money Moves: How Financial Literacy, Lifestyle, and Social Media Shape Student Finances

Thalia Risdianti Ardiana⁺⁻
Sasongko Budisusetyo⁺⁻

Thalia Risdianti Ardiana

Universitas Hayam Wuruk Perbanas

Sasongko Budisusetyo

Universitas Hayam Wuruk Perbanas

https://orcid.org/0000-0001-5062-3204

DOI: 10.64417/rabo.v2i1.0028

Published 26-04-2026

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Keywords

financial literacy
lifestyle
social media
personal financial management

How to Cite

Ardiana, T. R., & Budisusetyo, S. (2026). Smart Money Moves: How Financial Literacy, Lifestyle, and Social Media Shape Student Finances. Reviu Accounting, Business & Organizations, 2(1), 34-48. https://doi.org/10.64417/rabo.v2i1.0028

Abstract

Research Objective - To analyze the influence of financial literacy, lifestyle, pocket money, and social media on students' personal financial management at Hayam Wuruk Perbanas University Surabaya.

Research Methodology - This study employs a quantitative approach using Structural Equation Modeling - Partial Least Squares (SEM-PLS) with 154 respondents, using a Likert-scale questionnaire.

Research Findings - Financial literacy, pocket money, and social media have a significant positive influence, whereas lifestyle does not show a significant effect. Social media emerges as the dominant factor (R²=0.530).

Theoretical and Policy Implications - This study strengthens the Theory of Planned Behavior in digital contexts and advocates policies that promote practical financial education and social media literacy in higher education institutions.

Research Novelty - This research treats digital environmental factors (social media) as the primary determinant of students' financial management, complementing traditional approaches that focus on financial literacy and resources.

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