Between Lifestyle and Financial Responsibility: The Moderating Effect of Financial Imprudence in Islamic Higher Education Contexts

Indri Perdana; Iiz Izmuddin

doi:10.35891/jsb.v12i01.6366

Authors

Indri Perdana a:1:{s:5:"en_US";s:39:"UIN Sjech M. Djamil Djambek Bukittinggi";}
Iiz Izmuddin IAIN Bukit Tinggi

DOI:

https://doi.org/10.35891/jsb.v12i01.6366

Keywords:

Lifestyle, Personal financial management, Financial imprudence

Abstract

Introduction: This study aims to examine the influence of lifestyle on personal financial management, with financial imprudence serving as a moderating variable. The focus is on students at Islamic State Higher Education Institutions (PTKIN) in West Sumatra, where increasing consumer behavior raises concerns about financial discipline among young adults. Method: A quantitative survey method was employed, with data collected through a Likert-scale questionnaire distributed via Google Forms. The population consisted of PTKIN students in West Sumatra. A total of 288 responses were collected, with 271 valid after data screening. Sampling was conducted using the Rao Purba formula. Data were analyzed using the Warp Partial Least Squares method through WarpPLS 7.0 software. Result: Findings indicate that lifestyle has a positive and significant effect on personal financial management (p-value = 0.056 < 0.05). Additionally, financial imprudence moderates the relationship between lifestyle and financial management, as evidenced by an interaction coefficient of 0.080. While the moderating effect is statistically significant, it is relatively small in magnitude.Conclusion: Lifestyle significantly shapes how individuals manage their personal finances. A more balanced lifestyle tends to support better financial practices. Furthermore, financial imprudence—as a reflection of excessive or wasteful spending—can either strengthen or diminish this relationship, suggesting its critical yet nuanced role in financial behavior dynamics.

Downloads

Download data is not yet available.

References

Ar-Raghib al-Isfahani. (2020). al-Mufradat al-Fadz Qur’an.

Arianti, N., & Fitriyah, F. (2024). Determinants of Personal Financial Management in Generation Z: Financial Literacy as a Moderator. JMK (Jurnal Manajemen Dan Kewirausahaan), 9(3), 308–323.

Budiasni, N. W. N., & Darmayanti, K. A. (2025). Financial Literacy and Love of Money as Determinants of Gen Z Students’ Personal Financial Management: The Mediating Role of Financial Self-Efficacy. INVEST: Jurnal Inovasi Bisnis Dan Akuntansi, 6(2), 276–283.

Corbier, D., Pettifor, H., Agnew, M., & Nagashima, M. (2025). Shaping sustainable consumption practices: Changing consumers’ habits through lifestyle changes and Extended Producer Responsibility schemes. Resources, Conservation and Recycling, 217, 108214.

Fatima, S. (2025). The Influence of Personal Financial Management on Online Shopping Behavior of Students in the Digital Era. Available at SSRN 5341868.

Fitriyani, I., Karmeli, E., & others. (2023). Analisis Pengaruh Gaya Hidup Terhadap Perilaku Konsumtif Dengan Literasi Keuangan Sebagai Variabel Intervening: Analisis Pengaruh Gaya Hidup Terhadap Perilaku Konsumtif Dengan Literasi Keuangan Sebagai Variabel Intervening. Jurnal Tambora, 7(3), 73–79.

Gama, A. W. S., Buderini, L., & Astiti, N. P. Y. (2023). Pengaruh Literasi Keuangan, Gaya Hidup dan Pendapatan Terhadap Kemampuan Pengelolaan Keuangan Pribadi Mahasiswa Generasi Z. KRISNA: Kumpulan Riset Akuntansi, 15(1), 90–101.

Hagger, M. S., & Hamilton, K. (2025). Progress on theory of planned behavior research: advances in research synthesis and agenda for future research. Journal of Behavioral Medicine, 48(1), 43–56.

Islamiyah, N., & Wusko, A. U. (2023). Pengaruh Electronic Word Of Mouth, Hedonic Shopping dan Impluse Buying dan Costumer Statifaction (Survei Pada Konsumen Shoppe Pada Pembelian Produk Scarlett di Desa Tutur ). ATRABIS Jurnal Administrasi Bisnis (e-Journal), 9(2), 231–242. https://doi.org/10.38204/atrabis.v9i2.1497

Khairiyah, I. (2025). Personal Finance Strategies to Achieve Long-Term Financial Goals and Economic Independence. Journal Of Multi Currency, 1(1), 64–79.

Khalil, E. L. (2025). The paradox of friendship-and-love: distinguishing dishonesty from insincerity à la Adam Smith. International Journal of Ethics and Systems.

Komariah, S., Masykuroh, E., & Haris, B. (2025). The Role of Financial Literacy and Attitudes in Student Financial Management: Exploring Peer Influence as a Moderating Variable. Journal of Islamic Economics (JoIE), 5(1), 92–103.

Mabbett, D. (2025). The comparative political economy of women’s employment. Journal of European Public Policy, 1–16.

Novitasari, D., Juliana, J., Asbari, M., & Purwanto, A. (2021). The effect of financial literacy, parents’ social economic and student lifestyle on students personal financial management. Economic Education Analysis Journal, 10(3), 522–531.

Prakoso, A. S., Parhusip, A. A., & Wijaya, M. R. (2025). The Influence of Financial Literacy, Education Level, Financial Attitude, and Personality on Financial Management Behaviour. Husnayain Business Review, 5(2), 107–117.

Purwoningsih, S. K., Solikah, M., & Linawati, L. (2024). The Influence of Financial Literacy, Financial Accounting Learning and Lifestyle on Student Financial Behavior. Proceeding Kilisuci International Conference on Economic & Business, 2, 110–122.

Rakhmawati, A., Rahardjo, K., Prakasa, Y., & Nizar, M. (2023). Dampak Kondisi Sosial Ekonomi, Respon Kebijakan Pemerintah Dan Pengaruhnya Terhadap Keberlanjutan Ukm Dan Kinerja Keuangan. Jurnal Sekretaris Dan Administrasi Bisnis, 7(2), 93–110.

Selfia, L., Rokhmawati, A., & Rahmayanti, E. (2024). The Effect of Income, Locus of Control on Financial Management Behavior of K-Popers Community Members in Pekanbaru City with Hedonism Lifestyle as a Moderating Variable. International Journal of Economic, Business & Applications, 9(2), 142–159.

Sholihah, D. R., Fathoni, M. A., Wulansari, A. S., Ananda, M. M., & Amalina, S. N. (2025). Understanding how intrinsic motivation influences female modest fashion online impulse buying: the mediating role of trust and attitude. Journal of Islamic Marketing. https://doi.org/10.1108/JIMA-08-2024-0332

Smith, A. (2002). An Inquiry into the Nature and Causes of the Wealth of Nations. Readings in Economic Sociology, 6–17.

Titin Kartini. (2022). Literasi Keuangan (Financial Literacy) Mahasiswa Indekos Calon Pendidik Ekonomi Fkip Universitas Jember. Jurnal Pendidikan Ekonomi UM Metro, Vol.10. No, 154.

Weber, W., Reinhardt, A., & Rossmann, C. (2020). Lifestyle segmentation to explain the online health information-seeking behavior of older adults: Representative telephone survey. Journal of Medical Internet Research. https://doi.org/10.2196/15099

Yolanda, V. E., & Rakhmawati, A. (2025). Peran Literasi Digital dan Penerapan Teknologi Berbasis Artificial Intelligence Terhadap Bussiness Performance Study On Indonesian Hospitality. RIGGS: Journal of Artificial Intelligence and Digital Business, 4(2), 6252–6257.