Financial Literacy and Locus of Control on Financial Management among Beneficiaries of the Sumantri Berseri CSR Program
DOI:
https://doi.org/10.54518/ebh.5.4.2026.1425Keywords:
Corporate Social Responsibility, Digital Financial Literacy, Financial Literacy, Financial Management, Locus of ControlAbstract
The quality of financial management among rural communities remains low, particularly due to limited financial and digital financial literacy amidst the rapid growth of digital financial services. This study aims to analyze the influence of financial literacy, digital financial literacy, and locus of control on the financial management practices of residents. A quantitative approach was employed, utilizing simple random sampling to select 100 respondents. Data were collected via offline questionnaires and analyzed using Structural Equation Modeling-Partial Least Squares (SEM-PLS) with SmartPLS software. The results indicate that both financial literacy and digital financial literacy have a positive and significant impact on financial management, whereas locus of control does not have a significant effect. Financial literacy exerts the most dominant influence on enhancing the community’s financial management capabilities. Furthermore, the community’s financial literacy level is classified as “sufficiently literate,” while digital financial literacy falls into the “insufficiently literate” category. The study concludes that improving the quality of community financial management is more effectively achieved by strengthening education on financial and digital financial literacy rather than relying solely on psychological approaches.
References
Aini, K. A., & Rahayu, R. A. (2022). Love of money, financial literacy, locus of control dan gender terhadap pengelolaan keuangan pribadi pelaku UMKM. Jurnal Ilmiah Akuntansi Kesatuan, 10(3), 433–442. https://doi.org/10.37641/jiakes.v10i3.1417.
Altares, P. S., Copo, A. R., Gabuyo, Y. A., Laddaran, A. T., Mejia, L. D., & Policarpio, I. A. (2003). Elementary statistics: A modern approach. Paris: Rex Bookstore.
Ariani, S. (2015). Pengaruh literasi keuangan, locus of control, dan etnis terhadap pengambilan keputusan investasi. Surabaya: STIE Perbanas Surabaya (Doctoral dissertation).
Arianti, B. F. (2020). Pengaruh pendapatan dan perilaku keuangan terhadap literasi keuangan melalui keputusan berinvestasi sebagai variabel. Jurnal Akuntansi, 10(1), 13–36.
Asfarina. (2017). Pengaruh internal locus of control dan budaya perusahaan terhadap salary agency di PT. Takaful Umum Cabang Surabaya. Oeconomicus Journal of Economics, 1(2). https://doi.org/10.15642/oje.2017.1.2.147-165.
Chin, W. W. (1998). The partial least squares approach to SEM. In G. A. Marcoulides (Ed.), Modern methods for business research (pp. 295–336). Mahwah: Lawrence Erlbaum Associates.
Dew, J., & Xiao, J. J. (2011). The financial management behavior scale: Development and validation. Journal of Financial Counseling and Planning, 22(1), 43–59.
Ghozali, I. (2018). Structural equation modeling metode alternatif dengan partial least square (PLS). Semarang: Universitas Diponegoro.
Hair, J. F., Ringle, C. M., & Sarstedt, M. (2013). Partial least squares structural equation modeling: Rigorous applications, better results and higher acceptance. Long Range Planning, 46(1–2), 1–12. https://doi.org/10.1016/j.lrp.2013.01.001.
Harahap, L. K. (2019). Analisis SEM (Structural Equation Modelling) dengan SMARTPLS (Partial Least Squares). Semarang: Fakultas Sains dan Teknologi UIN Walisongo Semarang.
Hariyani, R. (2022). Urgensi literasi keuangan terhadap pengelolaan keuangan pribadi mahasiswa di masa pandemi COVID-19 di Indonesia. Jurnal Sekretari Dan Manajemen, 6(1), 1-12. https://doi.org/10.31294/widyacipta.v6i1.12234.
Herdjiono, I., & Damanik, L. A. (2016). Pengaruh financial attitude, financial knowledge, parental income terhadap financial management behavior. Manajemen Teori Dan Terapan, 1(3), 226–241. https://doi.org/10.20473/jmtt.v9i3.3077.
Kholilah, N. Al, & Iramani, R. (2013). Studi financial management behavior pada masyarakat Surabaya. Business and Banking, 3(1), 69–80. https://doi.org/10.14414/jbb.v3i1.255.
Kurnisari, N., Astuti, R. P., Aida, H. N., & Faradilla, A. W. (2025). Pengaruh literasi keuangan terhadap pengelolaan keuangan pada perencanaan dana pensiun. Penelitian Nusantara, 1(2005), 138–146. https://doi.org/10.59435/menulis.v1i5.214.
Kyeyune, G. N., & Ntayi, J. M. (2024). Empowering rural communities: The role of financial literacy and management in sustainable development. Frontiers in Human Dynamics, 6(February), 1–15. https://doi.org/10.3389/fhumd.2024.1424126.
Lusardi, A. (2023). The importance of financial literacy and its impact on financial wellbeing. 1–11. https://doi.org/10.1017/flw.2023.8.
Mardiana, R., Feranika, A., Kadar, M., Syafri, R. A., Angelina, S., & Nuraini, I. (2025). Pelatihan pengelolaan keuangan rumah tangga pada kelompok ibu-ibu pkk Desa Kebun duren tangkit. Budimas : Jurnal Pengabdian Masyarakat, 7(2), 189-199. https://doi.org/10.29040/budimas.v7i2.17940.
Muzayyanah, M., Listrirta, R. T., Maryani, Wijaya, J., & Zakiyatul, E. F. (2025). CSR hijau dan pariwisata berkelanjutan: Sebuah paradigma baru menuju pembangunan berkelanjutan (T. Nurmawati, Ed.). Bekasi: Yayasan Putra Adi Dharma.
Nurjanah, R., Surhayani, S., & Asiah, N. (2022). Faktor demografi, literasi keuangan, sikap keuangan terhadap perilaku pengelolaan keuangan pada UMKM di Kabupaten Bekas. 7(1), 1–16. https://doi.org/10.37366/akubis.v7i01.431.
Nusa, S. R. B., & Dewi, A. S. (2022). Pengaruh financial knowledge, financial attitude dan parental income terhadap financial management behavior mahasiswa Daerah Istimewa Yogyakarta. Jurnal Ilmiah Manajemen, Ekonomi, dan Akuntansi, 6(3), 906–908. https://doi.org/10.31955/mea.v6i3.2438.
Octavianus, J., & Taufan, Y. A. (2024). Financial literacy in facing technology and economic instability. Research Horizon, 4(4), 329-338. https://doi.org/10.54518/rh.4.4.2024.343.
OECD. (2018). PISA 2018 assessment and analytical framework. Paris: OECD Publishing.
OJK. (2013). Strategi Nasional Literasi Keuangan Indonesia (SNLKI). Retrieved on January, 20, 2026, from https://www.ojk.go.id/id.aspx.
OJK. (2023). Peraturan Otoritas Jasa Keuangan Republik Indonesia Nomor 3 Tahun 2023 tentang Peningkatan Literasi dan Inklusi Keuangan di Sektor Jasa Keuangan bagi Konsumen dan Masyarakat.
Pritazahara, R., & Sriwidodo, U. (2015). Pengaruh pengetahuan keuangan dan pengalaman keuangan terhadap perilaku perencanaan investasi dengan self control sebagai variabel moderating. Jurnal Ekonomi dan Kewirausahaan, 15(1), 28–37.
Putri, K. (2025). Indeks literasi keuangan RI belum merata, ini tantangannya. Katadata. Retrieved on January, 12, 2026 from https://katadata.co.id/finansial/keuangan/68e46181effb6/indeks-literasi-keuangan-ri-belum-merata-ini-tantangannya.
Rahayu, R. (2022). Analisis faktor-faktor yang mempengaruhi tingkat literasi keuangan digital: Studi pada Generasi Z di Indonesia. Akuntansi dan Bisnis Indonesia, 6(1), 100-112. https://doi.org/10.18196/rabin.v6i1.142682
Rahmanda, M. A., Wijaya, S. N., Azis, A., Nova, S., & Hasibuan, R. R. A. (2025). Analisis persepsi mahasiswa terhadap literasi keuangan digital dalam pengelolaan keuangan pribadi. Journal of Sharia Business Management,4(4), 168–178.
Rizka, N. R., Rininda, B. P., Suasri, E., Amelia, N., Wawan, E., & Yakin, N. (2025). Enhancing csr effectiveness through financial literacy: a moderated analysis on corporate image in PT Arutmin Indonesia Site Asamasam. International Journal of Research in Vocational Studies (IJRVOCAS), 5(2), 50–58. https://doi.org/10.53893/ijrvocas.v5i2.439
Rotter, J. B. (1966). Generalized expectancies for internal versus external control of reinforcement. Psychological Monographs: General and Applied, 80(1), 1–28. https://doi.org/10.1037/h0092976.
Sapitri, E. N., Wendy, W., Syahputri, A., Azazi, A., Mustika, U. N., & ... (2025). Literasi keuangan, teknologi keuangan, dan pengelolaan keuangan pribadi: Pengujian efek interaksi locus of control. Jurnal Multidisiplin, 2(1), 1–10.
Sekti, G. Y., Toiba, H., & Retnoningsih, D. (2023). Financial literacy and its impact on the income level of chili farmers in rural Indonesia. Habitat, 34(1), 13-22. https://doi.org/10.21776/ub.habitat.2023.034.1.2.
Sohilauw, M. I., Nugroho, L., Paramita, V. S., & Harto, B. (2023). Literasi keuangan. Padang: PT Global Eksekutif Teknologi.
Spector, P. E., Cooper, C. L., Sanchez, J. I., O’Driscoll, M., Sparks, K., Bernin, P., Büssing, A., Dewe, P., Hart, P., Lu, L., Miller, K., De, L. R., Ostrognay, G. M., Pagon, M., Pitariu, H. D., Poelmans, S. A. Y., Russinova, V., Salamatov, V., Salgado, J. F., & Cooper, C. L. (2002). Locus of control and well-being at work: How generalizable are western findings? Academy of Management, 45(2), 453–466. https://doi.org/10.5465/3069359.
Sugiyono. (2010). Metode penelitian kuantitatif kualitatif dan R&D (15th ed.). Bandung: Alfabeta.
Suherman, D., & Rozalinda. (2025). Pengaruh pengetahuan keuangan, sikap keuangan, locus of control internal dan financial self efficacy terhadap pengelolaan keuangan pedagang Pasar Gelugur Tradisional di Rantauprapat Kabupaten Labuhanbatu. Jurnal Ekonomi, Manajemen Bisnis, Syariah, dan Teknologi, 4(3), 610–622. https://doi.org/10.62833/embistek.v4i3.172.
Sumantri, I. G. A. A., & Indraswari, I. G. A. A. P. (2024). Peran literasi keuangan dalam meningkatkan pembangunan ekonomi masyarakat desa. Jurnal Akademik Pengabdian Masyarakat, 2(4), 151–153. https://doi.org/10.61722/japm.v2i4.2136.
Wardani, L. A., & Fitrayati, D. (2022). Pengaruh literasi keuangan dan sikap keuangan terhadap perilaku pengelolaan keuangan dengan locus of control sebagai variabel intervening. Fair Value: Jurnal Ilmiah Akuntansi Dan Keuangan, 4(12), 5827-5836.
Yushita, A. N. (2017). Pentingnya literasi keuangan bagi pengelolaan keuangan pribadi. Jurnal Nominal, 3(1), 99–106. https://doi.org/10.21831/nominal.v6i1.14330.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2026 Naina Sabrina Ridya, Farida Ratna Dewi, Eka Dasra Viana, Risky Tri Listirta
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
