The Influence of Financial Literacy and Financial Technology on the Financial Management Behavior of Accounting Community Students of Jakarta Open University

Abstract

This research is motivated by the importance of financial literacy and financial technology in supporting students' financial management behavior amidst the ease of digital transactions. The study aims to understand financial literacy, the use of financial technology, financial management behavior, and the role of both among students of the Jakarta Open University Accounting Community. The study used a descriptive qualitative approach. The study population was students of the Jakarta Open University Accounting Community, with seven students as research informants selected purposively. The research instruments were the researcher and a semi-structured interview guide, while data were collected through interviews and documentation and analyzed descriptively through data reduction, data presentation, and drawing conclusions. The results show that financial literacy helps students manage income, expenses, savings, and prioritize needs, while financial technology provides convenience in digital payments, transfers, digital wallets, and mobile banking. In conclusion, financial literacy is the basis for decision-making, while financial technology is a supporting tool for financial management that needs to be used wisely and with self-control.