The Influence of Hedonistic Lifestyle, Self Control and Family Ties on Personal Financial Management of Generation Z in Yogyakarta with Financial Literacy as a Moderating Variable

This study aims to determine the influence of hedonistic lifestyle, self-control, and family ties on personal financial management, with financial literacy as a moderating variable. The research approach used is quantitative. The population in this study is Generation Z, aged 18–27 years, in the Special Region of Yogyakarta. The sample of this study consisted of 250 respondents who were selected using a non-random sampling method with a purposive sampling technique. Data collection was carried out through the distribution of questionnaires. The data obtained were analyzed using descriptive analysis techniques and model testing with the Structural Equation Modeling–Partial Least Squares (SEM-PLS) approach through SmartPLS 3 software. The results of the study show that: (1) hedonistic lifestyle has a positive and significant effect on personal financial management; (2) self-control does not have a significant effect on personal financial management; (3) family ties have a positive and significant effect on personal financial management; (4) financial literacy is unable to strengthen the relationship between hedonistic lifestyle and personal financial management; (5) financial literacy is unable to strengthen the relationship between self-control and personal financial management; and (6) financial literacy is unable to strengthen the relationship between family ties and personal financial management.