The Effect of Lifestyle and Level of Knowledge in Household Financial Management

This study was conducted to determine the extent to which lifestyle and level of knowledge affect the financial management in the household. The research area located in urban village Sungai Bambu, North Jakarta. The population in this study is every person who manages the finances in the family either husband, wife or both. A total of 162 respondents from the people in the study area. Research method with a survey to obtain primary data with random sample technique. Primary data collected from the questionnaires distributed in the study area. Data analysis techniques used in this study is multiple regression with the help of SPSS Program. The independent variables in the research a lifestyle (X1) and knowledge level (X2) then the dependent variable is household financial management (Y). The result of this study shows that there is a significant influence of lifestyle variable to household financial management with the acquisition of 0.727 and there is also a significant influence of knowledge level variable to household financial management with the addition of 0.593. From these results, it is clear that lifestyle factors tend to be more influential in household financial management. Life in a big city like Jakarta one that causes lifestyle variables dramatically affects. It is difficult to distinguish between the needs and wants associated with household consumption.