Financial Management Behavior in Using Fintech (Study on Management Students of UPN Veteran East Java)

Purpose: Rapid technological advancements have caused changes in almost every aspect of society. Financial technology is one of them. Fintech-based financial services can provide convenience and freedom in meeting financial need, especially for Indonesian students. Fintech e-wallets have negative effects in addition to their positive effects. This is related to the consumption patterns of Indonesians who are identical with impulsive purchases. The goal of this study is to determine how much Financial Literacy, Financial Attitude, Locus of Control and Lifestyle can influence the Financial Management Behavior. Methodology: This study was conducted on 100 respondents who were Management Students at UPN Veteran East Java. And was chosen by utilizing purposive sampling and simple random sampling techniques. The analysis technique used are Partial Least Square. Findings: The findings indicate that Financial Literacy, Financial Attitude, Locus of Control and Lifestyle have a positive and significant effect on Financial Management Behavior. This show the importance of having better knowledge, mindset, control and a good lifestyle to avoid trouble and effectively managing their finances. Originality/Value: This study is meant to raise public awareness to young adults, particularly management students at UPN Veteran East Java on the need to improve their financial literacy, financial attitude, and also having locus of control and a good lifestyle. It is hoped that by having a good literacy and mindset, one can be manage daily expenses more wisely, also by having high self-control will help their decision making as well as their lifestyle. Thus enabling them to the right decision based on their own financial situation especially amidst the provided convenience and freedom in using financial based services.