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THE EFFECT OF FINANCIAL KNOWLEGDE, FINANCIAL

ATTITUDE ON FINANCIAL MANAGEMENT BEHAVIOR IN COFFEE
SHOP IN TANGERANG CITY
Reza Satria Aldiki 1); Dila Agustin 2); Desviera Zulfa n)
1)
[email protected], Economy and Business, Mercu Buana University, Management, Indonesia
2)
[email protected], Economy and Business, Mercu Buana University, Management, Indonesia
n)
[email protected], Economy and Business, Mercu Buana University, Management, Indonesia

Article Informatin: Abstract in English

Keywords: The purpose of this study is to find out and how the influence of
Financial Knowledge
Financial Attitude financial knowledge, financial attitudes on financial management
Financial Management Behavior behavior in coffee shop business actors in Tangerang City. The
research design used in this study is a quantitative approach. The
Article History: sampling technique used purposive sampling method. Methods of
Received : January 28, 2020 data collection using a questionnaire and obtained a sample of 31
Revised : March 15, 2020
Accepted : Apr 25, 2020 respondents. In this study, researchers used descriptive data
analysis techniques, regression tests and different t-tests with the
help of the PLS software program. The results of data analysis and
Article Doi:
http://doi.org/10.22441/profita.2020.v13i1.001 the results of the hypotheses in this study were tested with SmartPLS
3.0 and The results of this study are Financial Knowledge, and
Financial Attitudes have no significant effect on the Financial
Management Behavior of Coffee Shop Businesses in Tangerang
City.

INTRODUCTION
The contribution of Micro, Small and Medium Enterprises (MSMEs) in Indonesia
cannot be doubted. Based on information from the Ministry of Data – Planning Bureau of the
State Ministry of Cooperatives and SMEs of the Republic of Indonesia, MSMEs provide
various types of contributions, including the contribution of MSMEs to the creation of
national investment, the contribution of MSMEs to the National Gross Domestic Product
(GDP), and the contribution of MSMEs in the absorption of the national workforce, and the
contribution of SMEs to the creation of national foreign exchange. In short, it can be
concluded that MSMEs are the main pillars of the Indonesian economy. This shows how the
role of MSMEs is very dominant in Indonesia's economic growth. So that the empowerment
of MSMEs is something important in an effort to increase economic growth in Indonesia. The
contribution of MSMEs to GDP is an indicator of the importance of MSMEs in increasing
economic growth in Indonesia. The existence and performance of SMEs that are increasingly
stretched are not without problems and obstacles. There are several problems, including in the
financial management behavior of MSME actors.
Behavioral financial management is considered as one of the important concepts in the
discipline of finance. Many definitions are given in relation to this concept, for example,
Horne and Wachowicz (2002) in Mien and Thao (2015) propose financial management
behavior as the determination, acquisition, allocation, and utilization of financial resources.
While overall Weston and Brigham (1981) in Mien and Thao (2015) describe financial
management behavior as a financial decision making, harmonization of individual motives
and company goals. Meanwhile, according to Mien and Thao (2015) financial management is
related to the effectiveness of fund management.
There are several problems in MSMEs that are of concern, including those related to
financial management behavior, namely the problem of financial knowledge they have.

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Financial knowledge consists of financial skills and mastery of financial tools. Ida and Dwinta
(2010) describe financial skills as a technique for making decisions in financial management
behavior, such as preparing a budget, choosing investments, choosing insurance plans, and
using credit are examples of financial skills. While financial tools are tools used in making
financial management decisions such as checks, credit cards, and debit cards.
The problem in terms of financial skills experienced by MSME actors is mainly in
terms of preparing the budget. Most MSME actors have never prepared a financial budget in
their business management, as evidenced by a survey conducted by Raharjo and Wirjono
(2012), most MSME actors have never made any bookkeeping related to their business
management. MSME actors should make books related to budget planning, implementation,
and control in their finances. However, the fact found is that the awareness of MSME actors
to make books for their business financial management is still very low.
The next issue of financial skills is in terms of investment. Not many MSME players
are involved in the investment world. Based on interviews that have been conducted, the
cause of the low interest of MSME actors to invest is because MSME actors do not
understand enough and even do not know what investment is. So that SMEs do not choose not
to invest. This indicates that the knowledge of MSME actors about investment is still very
low.
The problem of financial skills is not only in terms of budget and investment, but also
in terms of credit, MSME players also experience obstacles. Knowledge about credit for
MSME actors is still very low. MSME actors do not really understand the factors that affect
creditworthiness, making it difficult for MSME actors to obtain additional capital. In addition,
many MSME actors do not take various considerations when applying for credit, such as
considering loan interest rates and loan terms. MSME actors should be able to consider
various things when applying for credit so that they can use credit wisely.
In general, the lack of financial knowledge in terms of financial skills above is caused
by education. Financial knowledge can be obtained from formal education and informal
sources. This formal education is like a high school program or lectures, seminars, etc training
classes outside of school. Meanwhile, informal sources can be obtained from the surrounding
environment, such as from parents, friends, and co-workers, as well as from one's own
experience. Pinasti (2007) states that small entrepreneurs do not have accounting knowledge,
and many of them do not understand the importance of recording and bookkeeping for
business continuity. If MSME actors have good accounting knowledge, it is certain that
MSME actors have good financial skills as well. Based on this description, it can be said that
the financial knowledge of MSME actors is very poor. There are other problems that affect
the behavior of financial management owned by MSME actors, namely the problem of their
financial attitude. Most SMEs do not have a bad attitude about finance, characterized by low
motivation to continuously improve their ability to manage their business finances, whereas
motivation to continuously improve their ability in financial management is very important.
The poor financial attitude of MSME actors is also marked by the idea that they are
easily satisfied with the existing performance and have not thought about increasing their
ability in the field of financial management because some business actors feel that their
performance is good enough and their business continues to run smoothly and without
obstacles even though the perpetrators are MSMEs do not make budget planning and control
over finances. This attitude if left unchecked will make the performance of MSMEs decline
and be unable to compete competitively in the market. As stated (Kiryanto, et al. 2001), that a
business actor needs work motivation to build his business so that it grows. Work motivation

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in question can be in the form of motivation to continue to improve one's ability to manage
finances.
Accounting users, especially in this case MSME actors, should pay more attention to
financial management in the business they run considering the benefits of financial
knowledge and financial attitudes are so great for the sustainability of their business. In
addition, preparing a budget can be the basic capital for MSMEs for making decisions in
managing small businesses, including market development decisions, price development, and
in relation to and creditors. Preparing a budget can also be used to prepare various
projections, such as projections of cash needs in the future, controlling costs, measuring and
increasing productivity and providing support to the production process.
The various problems experienced by MSME actors reflect the poor financial
knowledge and financial attitudes of MSME actors which will later affect their financial
management behavior. Many attempts have been made to reveal what factors influence the
low behavior of financial management. One of the studies that reveals the factors that
influence financial management behavior is a study conducted by Mien and Thao (2015)
entitled Factors Affecting Personal Financial Management Behaviors: Evidence from
Vietnam. This study states that the factors that influence financial management behavior in
the young generation aged 19-30 years include financial attitudes, financial knowledge, and
locus of control.
The research revealed that there are several factors that influence financial
management behavior such as locus of control, financial knowledge and income. Then Tarry
Novita Maharani (2016) also did study similar and revealed that the factors that influence
financial management behavior are personal financial literacy and financial attitudes.
There are many variables that can influence financial management behavior, one of
which is financial knowledge. Kholilah and Iramani (2013) describe financial knowledge as a
person's mastery of various things about the world of finance, financial tools and financial
skills. Individuals with adequate financial knowledge will have better financial management
behavior, such as paying bills on time, keeping books of expenses made every month, and
having a reserve fund for emergencies (Yulianti and Silvy, 2013).
The next variable that can influence financial management behavior is financial
attitude. Understanding financial attitudes according to Pankow (2003) as quoted by Ningsih
and Rita (2010) according to the understanding developed by Klontz et al (2011), which is
defined as a state of mind, opinion, and assessment of finances. According to Jodi & Phyllis
(1998) in Rajna et al., (2011) Financial attitude is a psychological tendency that is expressed
when evaluating recommended financial management practices with several levels of
agreement and disagreement. There is another variable that is considered from a
psychological perspective that can also influence financial management behavior, namely the
personality variable.
According to Sina (2014), understanding personality aspects in managing finances is
needed to successfully manage finances because each personality type is different in how to
manage finances. After an in-depth analysis, it was found that several weaknesses of each
personality type would cause financial problems, such as excessive debt. Various financial
researchers have also found that personality aspects also influence a person's success in
managing his finances. Lown (2008) in Sina (2014) found that there were personality
differences between women regarding retirement savings and risk tolerance. It is further
sharpened by Ika (2011) in Sina (2014) that psychological factors are often considered as the
key in the financial decision process. Using the big five type turns out to affect how to make

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financial plans and also how to apply them correctly. Furthermore, the personality aspect
often affects financial management because it is the cause of poor management.
Indonesia is currently listed as the fourth largest coffee bean producer in the world
after Brazil, Vietnam and Colombia with an average production of around 700 thousand tons
per year or about 9% of world coffee production. Now Indonesia is no longer a coffee
producing country, but a coffee consumer country. The national coffee processing industry
has not only become a major player in the domestic market, but has also become a global
player.
Data from the Ministry of Industry shows that the potential for small and medium-
sized industries (IKM) for coffee processing in the country is supported by 13 coffee
production centers spread across various regions in Indonesia, including Aceh, West Sumatra,
Riau Islands, Jambi, Bengkulu, Lampung, Java. Central, Bali, NTB, NTT, South Sulawesi,
West Sulawesi and Papua with a total of 476 business units. The coffee business is one that is
currently affecting young people or the millennial generation in Indonesia. With the large
number of millennials and changes in people's lifestyles, making coffee shops appear every
day by offering a variety of flavors, especially from the basic ingredients of coffee produced
from various regions in Indonesia (Pratiwi, 2016).
The trend of drinking coffee has become part of the lifestyle of the Indonesian people,
especially the millennial generation. This can be seen from the increasing number of coffee
shops that appear in various regions. Coffee has become part of the lifestyle of the millennial
generation. Based on research from one of the leading research institutes, millennials are
known as a generation that is brave and likes to try new things, units and the present. In this
millennial era, the contemporary coffee business is mushrooming everywhere. Without us
realizing it, coffee shops with modern and old-school concepts are popping up every day,
from small to large scale ones. Likewise with the SME Coffee Shop in the city of Tangerang.

LITERATURE REVIEW

Financial Management Behavior

According to Kholilah & Iramani (2013), financial behavior is the individual's ability
to manage finances responsibly. According to (Nababan & Sadalia, 2012), financial behavior
is a discipline in which the interaction of various disciplines demonstrates continuous
integrity. Financial behavior describes how a person treats, manages, and uses various
financial resources he/she has at their disposal. A person who is responsible for their own
financial behavior, namely, for budgeting, saving money, controlling expenses, making
investments, and paying debts on time.
According to (Nababan & Sadalia, 2012), the indicators of financial behavior include:
(1) paying bills on time; (2) making expenditures and calculating expenditure budgets; (3)
recording expenses/expenditures; (4) providing funds for unexpected expenses; (5) saving
periodically; (6) comparing prices between stores in order to make smart purchasing
decisions.
Financial management behavior is a person's behavior in managing their finances from the
point of view of psychology and individual habits.
Financial management behavior can also be interpreted as a financial decision-making
process, harmonization of individual motives and company goals. Financial management
behavior is related to the effectiveness of fund management, where the flow of funds must be
directed according to a predetermined plan. The indicators in this variable, namely the types
of financial planning and budgets owned, techniques in preparing financial planning, saving

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activities, insurance activities, pensions and unexpected expenses, investment activities,

credit/debt, and bills, monitoring financial management, and financial management
evaluation.

Financial Literacy
According to Huston (2010), Financial literacy is a person's financial knowledge.
Remund (2010) described five domains of financial literacy, namely: 1) Knowledge of
financial concepts, 2) The ability to communicate about financial concepts, 3) The ability to
manage personal finances, 4) The ability to make financial decisions, 5) Confidence while
making future financial plans.
There are other terms used synonymously with financial literacy. Zait and Bertea
(2014) find interchangeable terms in financial capability, financial literacy, financial
knowledge, financial education, and financial competence. Huston (2010) defines financial
education as an input intended to increase a person’s human capital, specifically financial
knowledge and application. Hung et al. (2009) argue that financial knowledge is a form of
financial literacy. The World Bank (2013) defines financial capability as the internal capacity
to act in ones best financial interest given socioeconomic environmental conditions. Cox et al.
(2009) refers financial competence as the knowledge and behaviours which contribute to
financial capability.
Financial literacy includes the ability to discern financial options, raise money, plan
for the future, and respond competently to life events that affect day-to-day financial
decisions, including events in the economy in general. Financial literacy occurs when an
individual has a set of skills and abilities to utilize the existing resources in order to achieve
certain personally preset goals. It can be concluded that financial literacy is an individual's
knowledge of finances and also the individual's ability to make effective financial decisions.

Financial Knowledge
Financial knowledge is everything about finances that is experienced or that occurs in
everyday life. Financial knowledge can also be defined as a person's mastery of various things
about the financial world, which consists of financial tools and financial skills. The indicators
in this variable, namely knowledge of financial management, knowledge of financial
planning, knowledge of expenses and income, knowledge of money and assets, knowledge of
interest rates, knowledge of credit, basic knowledge of insurance, knowledge of various types
of insurance, basic knowledge about investment, knowledge of investment in deposits,
knowledge of investing in stocks, knowledge of investing in bonds, and knowledge of
investing in property. The relationship between Financial Knowledge and financial
management behavior that has been studied by Nguyen Thi Ngoc Mien and Tran Phuong
Thao (2015), Ersha Amanah (2016), Senja Arum Sari (2018) which states that financial
knowledge has a positive effect on financial management behavior.

H1: Financial knowledge has a positive effect on financial management behavior

Financial Attitude

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Financial Attitude is a financial

attitude that is a
response in the form of a statement
of “like” or “dislike”
or “useful” or “not useful”
related to the individual
financial behavior (Potrich et al.,
2016). Financial
attitudes will also shape the way
someone spends,
hoards, and spends money
wastefully (Furnham, 1984),
whereas according to Mien &
Thao (2015) financial
attitude is an attitude that can shape
the way individuals
conduct financial management
such as investing,

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saving, and even spending money.

Financial behavior,
according to Potrich et al. (2016) is
financial behavior
as an action that reflects good
behavior in managing
pocket money in accordance with
the objectives and
financial realization. According to
Nababan & Sadalia
(2013) and Sari (2016), financial
behavior is an
individual’s responsibility in
managing finances with
existing resources to meet
personal needs and fulfill
desires.
Financial attitude is defined as a state of mind, opinions, and judgments about
personal finances that are applied to attitudes. Financial attitude is also defined as the
application of financial principles to create and maintain value through appropriate decision
making and resource management. Financial attitude can be defined as personal inclination

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towards financial matters. It is an ability to plan ahead and maintain a savings account that
matters. Bhushan and Medury (2014) concluded that in order to enhance financial literacy
among generations, the focus should be on developing favourable financial attitudes among
the people of the country. The indicators in this variable are orientation towards personal
finance, debt philosophy, money security, and assessing personal finances. Of the several
definitions that have been explained previously, financial attitude is an attitude of facing
finance that is seen from how to behave and make decisions about finance.

Financial Attitude is a financial

attitude that is a
response in the form of a statement
of “like” or “dislike”
or “useful” or “not useful”
related to the individual
financial behavior (Potrich et al.,
2016). Financial
attitudes will also shape the way
someone spends,
hoards, and spends money
wastefully (Furnham, 1984),
whereas according to Mien &
Thao (2015) financial
attitude is an attitude that can shape
the way individuals
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conduct financial management

such as investing,
saving, and even spending money.
Financial behavior,
according to Potrich et al. (2016) is
financial behavior
as an action that reflects good
behavior in managing
pocket money in accordance with
the objectives and
financial realization. According to
Nababan & Sadalia
(2013) and Sari (2016), financial
behavior is an
individual’s responsibility in
managing finances with
existing resources to meet
personal needs and fulfill

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desires.
Financial Attitude is a financial
attitude that is a
response in the form of a statement
of “like” or “dislike”
or “useful” or “not useful”
related to the individual
financial behavior (Potrich et al.,
2016). Financial
attitudes will also shape the way
someone spends,
hoards, and spends money
wastefully (Furnham, 1984),
whereas according to Mien &
Thao (2015) financial
attitude is an attitude that can shape
the way individuals

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conduct financial management

such as investing,
saving, and even spending money.
Financial behavior,
according to Potrich et al. (2016) is
financial behavior
as an action that reflects good
behavior in managing
pocket money in accordance with
the objectives and
financial realization. According to
Nababan & Sadalia
(2013) and Sari (2016), financial
behavior is an
individual’s responsibility in
managing finances with
existing resources to meet
personal needs and fulfill

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desires.
Relationship between financial attitudes and financial management behavior that has
been studied by Nguyen Thi Ngoc Mien and Tran Phoung Thao (2015), Ersha Amanah
(2016), Zenika Aprillia (2015) which states that financial attitudes affect positive effect on
financial management behavior.

H2: Financial Attitude has a positive effect on financial management behavior

METHOD [Times New Roman; 12pt; Bold, Single]

The results of data analysis and the results of the hypotheses in this study were tested
with SmartPLS 3.0, This type of research is causal associative research. This type of
associative research is research that is asking for the relationship between two or more
variables (Sugiyono, 2010:57). This research takes the form of a causal relationship, namely a
causal relationship pattern.
The sources of data used in this study are primary data or data obtained directly from
respondents. This study uses quantitative data because the data presented is related to
numbers. Quantitative research is research that emphasizes testing theories through measuring
research variables with numbers and analyzing data using statistical procedures (Indriantoro
and Supomo, 2009: 12). This study aims to examine the effect of the independent variable
(independent), namely Financial Knowledge and Financial Attitude on the dependent (bound)
variable, namely Financial Management Behavior.

RESULTS AND DISCUSSION

Results
Descriptive Analysis
After collecting data using a questionnaire distributed to respondents, namely the
Coffee Shop Business Actors in Tangerang City, totaling 31 people. Information about the
characteristics of respondents can be seen in the following table.

Table 1. Characteristics of Respondents

Descriptions Frequency Percentage (%)

19-25
Years 28 person 90.3%
26-30 3 person 9.7%
Years

Source: Total: 31 person 100% primary

data processed
(2021)

Based on the table above, it can be seen that the respondents were dominated by the
age of 19-25 years, amounting to 28 people, namely 90.3% and the remaining 26-30 years,
amounting to only 3 people, namely 9.7%. Judging from the results above, it can be explained
that the characteristics of the respondents in the coffee shop business in Tangerang City are

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dominated by the younger generation who dare to be involved in the business world,
especially the coffee shop whose trend is on the rise in Tangerang City.

Testing the Outer Model (Measurement model)

The measurement model for testing the validity and reliability, the coefficient of
determination of the model and the path coefficient, can be seen in the following:

Figure 1. Framework

Source: Author's Processed Results (2021)

Before testing the hypothesis, validity and reliability tests were first carried out by
looking at the output values of Loading Factor, AVE, Composite Reliability and Cronbach's
Alpha. Based on the PLS 3.0 output value, the loading factor value is obtained to measure the
Convergent Validity of each question item, but the loading factor value in items SK4, SK5,
and SK7 is below 0.5 so that this item is deleted and not included in the next calculation
stage. Below is an image that shows the output value of the outer loading to measure
Convergent Validity.

Table 2. Output Outer Loading

Financial Knowl- Financial At- Financial Manage-
edge (X1) titude (X2) ment Behavior (Y)
PK1 0,944
PK2 0,828
PK3 0,800
PK4 0,820
PK5 0,861
PK6 0,856
PK7 0,843
PK8 0,757
PK9 0,713

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PK1 0,837
0
SK1 0,823
SK2 0,893
SK3 0,904
SK6 0,793
SK8 0,653
SK9 0,909
PM1 0,816
PM2 0,747
PM3 0,873
PM4 0,820
PM5 0,819
Source: Author's Processed Results (2021)

After all items werewithout including items SK4, SK5, and SK7, the loading factor
value was obtained above 0.5, or in other words all items were declared valid. Next is the
output of the AVE table to measure discriminant validity below.

Table 3. AVE Model Output (Discriminant Validity)

Information AVE

Financial Knowledge (X1) 0.686

Financial Attitude (X2) 0.696

Financial Management Behavior (Y) 0.666

Source: Author's Processed Results (2021)

Based on the table above, the AVE value of the variable Financial Knowledge,
Financial Attitude, and Behavior Financial Management above 0.5. So it can be stated that
each variable has good discriminant validity. Furthermore, the results of the reliability test
based on the Composite Reliability and Cronbach's Alpha output values are complete, in the
following table:

Table 4. Reliability Test Output

Composite Cronbach's
Information
Reliability Alpha

Financial Knowledge (X1) 0.956 0.950

Financial Attitude (X2) 0.931 0.913

Financial Management Behavior (Y) 0.909 0.877

Source: Author's Processed Results (2021)

All construct is declared reliable if it has a Composite Reliability value above 0.7 and
Cronbach's Alpha is above 0.6. Based on the table above, all constructs have Composite Reli-

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ability values above 0.7 and Cronbach's Alpha above 0.6. So it can be concluded that the con-
struct has good reliability.

Testing the Inner Model (Structural Model)

Inner model or structural model in PLS, begins by looking at the percentage of
variance described, namely looking at the R-Square (R 2) value for endogenous latent variables
as the predictive power of the structural model, with the following assessment 0, 50; 0.30; and
0.10 means that the model is said to have a large, medium, and small effect. The larger this
value, the better the predictor model in explaining variance. Below is the output table for
calculating the value of R-Square (R2):
Table 5. R-Square (R2) Output

R-Square
Description R-Square
Adjusted

Behavior Financial Management (Y) 0.182 0.124

Source: Author's Processed Results (2021)

The value of R-Square Adjusted Behavior Financial Management amounted to 0.124

which means that the effect of Knowledge Finance, Financial Attitude towards Financial
Management Behavior is weak at 0.124 or 12.4% and the remaining 87.6% is influenced by
other variables outside this research.

Discussion
Hypothesis Testing
Hypothesis testing in this study conducted by t-test. The t-test is used to determine
whether there is an influence between Financial Knowledge (X1), and Financial Attitude (X2)
on Financial Management Behavior (Y). Based on the results of data processing for the
significance test (t-test), the following results were obtained:

Table 6. Hypothesis Testing Output

Original Mean of Standard T-
Keterangan P-Values
Sample Subsamples Deviation Statistics
Financial Knowledge (X1) ->
Financial Management 0,254 0,180 0,385 0,662 0,508
Behavior (Y)
Financial Attitude (X2) ->
Financial Management 0,194 0,091 0,368 0,527 0,598
Behavior (Y)
Source: Author's Processed Results (2021)

From the table above shows that the Financial Knowledge variable has a t-statistic of
0.662 < t-table 1.962 and a significance value (p-value) of 0.508 > 0.05 which indicates that
H1 is rejected. Therefore, it can be said that Financial Knowledge has no significant effect on
Financial Management Behavior.

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The test results for the technological progress variable have a t-statistic of 1.389 > t-
table 1.962 and a significance value (P-Values) of 0.137 <0.05, which indicates that H2 is
rejected. Therefore, it can be said that Financial Attitude has no significant effect on Financial
Management Behavior.

Thank-You Note
Thank you for accepting our manuscript "THE EFFECT OF FINANCIAL
KNOWLEGDE, FINANCIAL ATTITUDE ON FINANCIAL MANAGEMENT BEHAVIOR
IN COFFEE SHOP IN TANGERANG CITY" and for giving us the opportunity to improve it.
All the point by point we’re answers to the reviewer’s comments were introduced. We would
be very happy, if the manuscript will now fulfill the high standards of the “Indikator: Jurnal
Ilmiah Manajemen dan Bisnis” for publication.
Thank you again for consideration.

CONCLUSION
The Effect of Financial Knowledge on Financial Management Behavior Financial
Financial knowledge has no significant effect on financial management behavior in
coffee shop business actors in the city of Tangerang, meaning that coffee shop business actors
in the city of Tangerang with high or low financial knowledge have little effect on their
financial management behavior in coffee shop business in the city of Tangerang. This
indicates that a person's high or low financial knowledge, and the tendency to show financial
management behavior in terms of budgeting, management and punctuality in fulfilling
financial obligations also do not really affect the coffee shop business in the city of
Tangerang. emphasizes his personal financial knowledge on financial management behavior
in his coffee shop business in the city of Tangerang.

The Effect of Financial Attitude on Financial Management Behavior Financial

Financial attitude has no significant effect on financial management behavior on
coffee shop business actors in the city of Tangerang. This result is probably because the
indicators or statement items used to measure the financial attitude variable in this study are
less effective or have not covered a wider range of coffee shop business actors in the city of
Tangerang, so it is suspected to be the cause of the unsupported research hypothesis. Another
possibility is that there are several factors that can influence the financial management
behavior of coffee shop business actors in the city of Tangerang, such as demographic factors,
gender, education level and financial knowledge. This means that further financial attitudes
also require many other, more personal factors to influence the financial management
behavior of coffee shop business actors in the city of Tangerang.
Suggestions
In this study, the sample used was only 31 people, it is hoped that further research can
add more samples to coffee shop business actors, especially in the city of Tangerang so that
they can produce more representative data. This study also uses independent variables that are
only able to explain 12.4% and are also dominated by young people, so it is recommended
that further research can add other independent variables such as education level, gender, or
demographic factors to explain the financial management behavior of coffee business actors.
shop in the city of Tangerang. For coffee shop actors in the city of Tangereng in particular,
they are expected to pay more attention to their financial knowledge and financial attitudes

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towards their business financial management behavior due to the long-term sustainability of
the local coffee shop business in terms of finance and also growing rapidly.

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