HOW FINANCIAL LITERACY INFLUENCES IMPULSE SPENDING AMONG UNIVERSITY STUDENTS?
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Key words: financial literacy, impulse spending, university students, budget planningAbstrak
For university students, a majority of whom are experiencing their own
budgeting for the first time, money management is an essential skill. However, even
the greatest financial strategies can be suddenly ruined by impulsive spending, which
refers to unplanned and frequently emotional spending. Considering that students are
often influenced by peer pressure, discounts, and marketing, it is important to recognize
how financial literacy - the understanding and ability to manage money well - can lower
impulsive behaviors (London School of Business and Finance, 2024).
The purpose of this article is to find out the connection between Millat Umidi
University students' financial literacy and impulsive spending. It examines the ways
that students' purchasing decisions are influenced by money-management skills and
awareness of impulsive spending. This study promotes a deeper awareness of the
importance of money management and avoiding unnecessary spending.
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