The Urgency of Financial Literacy, Financial Attitude, and Lifestyle on Personal Financial Management of Kartu Indonesia Pintar Scholarship Recipients in the Era of Increasing Digital Fraud

Abstract

Kartu Indonesia Pintar Kuliah (Indonesia Smart Card for College), is one of the government programs in the
education sector. The purpose of KIP is to provide wider educational opportunities for prospective students from
underprivileged families who have academic achievements across Indonesia. To achieve the nation's goals and
aspirations, it is expected that KIP recipients can complete their studies on time and acquire competencies to improve
their family's economic condition in the future. Therefore, KIP recipients must wisely manage their personal finances,
especially in this era where digital crimes are rampant. Students should understand financial literacy, possess good
financial attitudes, and maintain a simple lifestyle. The purpose of this research is to determine the effect of financial
literacy, financial attitudes, and lifestyle on the personal financial management of KIP recipients. The respondents in this
study are 100 KIP students from the Public Financial Accounting study program in semesters 3, 5, and 7. The data were
analyzed using multiple linear regression with the statistical SPSS 25. The results of the t-test and F-test show that
financial literacy and financial attitudes have a significant influence on the personal financial management of KIP
recipients, while lifestyle has no significant influence on personal financial management. Simultaneously, financial
literacy, financial attitudes, and lifestyle have a significant effect on the personal financial management of KIP recipients.
The coefficient of determination test shows that financial literacy, financial attitudes, and lifestyle variables explain
43.7% of the personal financial management variable, while the remaining 56.3% is explained by other variables.