Financial Literacy and Consumptive Behavior: The Role of Work Readiness and Self-Control
DOI:
https://doi.org/10.17977/um003v11212025p100Keywords:
Behavioral Economics, Entrepreneurial Behavior, Prospective Economics Teachers, Phenomenology StudyAbstract
This study aims to analyze the influence of financial literacy on consumptive behavior with job readiness as a mediating variable and self-control as a moderation variable in students of the Central Vocational School of Excellence in Mojokerto Regency. This study uses a quantitative approach with a survey method through the distribution of questionnaires to 302 students from several Superior Central Vocational Schools that were selected purposively. Data analysis was carried out using Partial Least Square-Structural Equation Modeling (PLS-SEM) with the help of SmartPLS 4.0 software. The results of the study show that financial literacy has a significant negative effect on students' consumptive behavior, which means that the higher the financial literacy, the lower the tendency to consumptive behavior. In addition, job readiness has been shown to mediate the relationship between financial literacy and consumptive behavior, showing that a good financial understanding can increase job readiness and decrease consumptive behavior. Furthermore, self-control reinforces the influence of financial literacy on consumptive behavior, which confirms that students with high self-control abilities are better able to apply rational financial decisions.
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