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Abstract

Purpose: This study examines how financial literacy, lifestyle, and allowance are associated with saving decisions among students at Universitas Muhammadiyah Jember, Indonesia.


Research Method: A cross-sectional explanatory survey involved 373 purposively selected students aged 18-25 years. Questionnaire responses collected online and offline were analyzed using multiple linear regression in SPSS.


Results and Discussion: All three predictors had positive coefficients and statistically significant reported t tests. Allowance had the largest standardized coefficient, followed by lifestyle and financial literacy. The model explained approximately 55% of the observed variation in saving decisions.


Implications: The single-university, nonprobability sample and self-reported cross-sectional measures preclude causal inference or broad generalization. Universities may consider pairing financial education with practical budgeting support while evaluating such programs before making effectiveness claims.


Originality: The study examines three complementary resources and orientations in one student-saving model and interprets their associations in dialogue with, rather than as direct tests of, the theory of planned behavior.

Keywords

Behavioral Finance Digital Finance Financial Literacy Financial Management Behavior Lifestyle

Article Details

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This work is licensed under a Creative Commons Attribution 4.0 International License.

How to Cite
Shifa, H. N., & Wijayantini, B. (2026). Determinants of College Students’ Saving Decisions: The Role of Financial Literacy, Lifestyle, and Pocket Money. Advances in Management & Financial Reporting, 4(3), 829–837. https://doi.org/10.60079/amfr.v4i3.932
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