Locus of Control Contribution Toward Student Money Allowance Management

Moh Irvan, Tri Anita, Rendika Vhalery, Ari Wahyu Leksono, Novidya Yulanda

Abstract


Abstract— Factors affecting of pocket money management in general are seen from the side of the economy, environment, and organization. There are few researches on pocket money which view from psychological aspects such as the locus of control that is known to manage or control one's behavior towards pocket money. This study aims to examine the internal and external locus of control in pocket money management. The method in this research is quantitative, with the type of associative research. This research was conducted at Indraprasta PGRI University, Jakarta, which involved 109 students. Data collection technique using questionnaire that has been tested for validity and reliability testing to measure pocket money management (managing income, managing expenses, and managing reserve funds), internal locus of control, and external locus of control on an ordinal scale. Data analysis technique use multiple linear regression test. The results indicate that the locus of control contributes to the management of pocket money internally and externally. Locus of control increases the ability of students to manage pocket money.

Keywords— Internal, Eksternal, Locus of Control, Money allowance management


References


S. Britt, J. A. Cumbie, and M. M. Bell, “The Influence Of Locus Of Control,” Coll. Stud. J., vol. 47, no. 1, pp. 178–184, 2013.

S. Saravanan and V. Devakinandini, “A Study on Perception of College Students About Spending of Pocket Money With Reference To Students Studying in Arts & Science Colleges in Coimbatore,” Int. J. Mark. Financ. Serv. Manag. Res., vol. 3, no. 3, 2014.

M. Ameliawati and R. Setiyani, “The Influence of Financial Attitude , Financial Socialization , and Financial Experience to Financial Management Behavior with Financial Literacy as the Mediation Variable,” in International Conference on Economics, Business and Economic Education, 2018, pp. 811–832.

A. Raijas, “Money management in blended and nuclear families,” J. Econ. Psychol., vol. 32, no. 4, pp. 556–563, 2011.

R. Vhalery, H. Aimon, and Yulhendri, “The Management of Student’s Pocket Money,” Int. J. Sci. Res. Publ., vol. 8, no. 1, p. 10, 2018.

R. Vhalery, A. W. Leksono, and Moh. Irvan, “Factors that Influence the Allowance Management,” Int. J. Sci. Eng. Sci., vol. 2, no. 11, pp. 39–44, 2018.

H. Aghakhani, M. Akhgari, and K. Main, “When does money priming affect helping behavior ?,” Australas. Mark. J., vol. 30, no. 40, 2018.

S. Kołodziej, K. Lato, and M. Szymańska, “The Role Of Parental Influences On The Economic Socialization Of Children,” Probl. Educ. 21st century Vol., vol. 58, pp. 99–107, 2014.

Y. Li, F. Wei, S. Ren, and Y. Di, “Locus of control , psychological empowerment and intrinsic motivation relation to performance,” J. Manag. Psychol., vol. 30, no. 4, 2015.

D. Kesavayuth, K. M. Ko, and V. Zikos, “Locus of control and financial risk attitudes,” Econ. Model., vol. 72, pp. 122–131, 2018.

H. Lee, “Locus of control , socialization , and organizational identification,” Manag. Decis., vol. 51, no. 5, pp. 1047–1055, 2013.

J. S. Heywood, U. Jirjahn, and C. Struewing, “Locus of Control and Performance Appraisal,” J. Econ. Behav. Organ., vol. 142, pp. 205–225, 2017.

A. Mcgee and P. Mcgee, “Search , effort , and locus of control,” J. Econ. Behav. Organ., vol. 126, pp. 89–101, 2016.

D. A. Cobb-clark, S. C. Kassenboehmer, and M. G. Sinning, “Locus of Control and Savings,” J. Bank. Financ., 2016.


Refbacks

  • There are currently no refbacks.