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Financial Literacy; Strategies and Concepts in Understanding the Financial Planning With Self-EfficacyTheory and Goal SettingTheory of Motivation Approach

Year 2017, Volume: 7 Issue: 4, 182 - 188, 01.12.2017

Abstract

This article discusses the strategies and concepts in understanding the financial literacy with the approach of self-efficacy theory and goal setting
theory of motivation. The discussion begins with the concept of behavioral finance that discusses links between financial concepts to the behavior,
and then proceed with the concept and measurement of financial literacy of individuals altogether with some approaches and factors that may affect it.
Self-efficacy theory and goal setting theory of motivation is proposed to be a predictive factor of the level of financial literacy with relevant constructs,
there are two propositions proposed to predict the level of financial literacy: (1) Self-efficacy theory, in this case the motivational construct (manage
finances, use credit cards less, and control debt), and (2) goal setting theory of motivation, in this case the goal commitment and goal specificity
construct (financial planning).

Year 2017, Volume: 7 Issue: 4, 182 - 188, 01.12.2017

Abstract

There are 0 citations in total.

Details

Other ID JA56GP32UJ
Journal Section Research Article
Authors

- Mu’izzuddin This is me

- Taufik This is me

Reza Ghasarma This is me

Leonita Putri This is me

Mohamad Adam This is me

Publication Date December 1, 2017
Published in Issue Year 2017 Volume: 7 Issue: 4

Cite

APA Mu’izzuddin, .-., Taufik, .-., Ghasarma, R., Putri, L., et al. (2017). Financial Literacy; Strategies and Concepts in Understanding the Financial Planning With Self-EfficacyTheory and Goal SettingTheory of Motivation Approach. International Journal of Economics and Financial Issues, 7(4), 182-188.
AMA Mu’izzuddin, Taufik, Ghasarma R, Putri L, Adam M. Financial Literacy; Strategies and Concepts in Understanding the Financial Planning With Self-EfficacyTheory and Goal SettingTheory of Motivation Approach. IJEFI. December 2017;7(4):182-188.
Chicago Mu’izzuddin, -, - Taufik, Reza Ghasarma, Leonita Putri, and Mohamad Adam. “Financial Literacy; Strategies and Concepts in Understanding the Financial Planning With Self-EfficacyTheory and Goal SettingTheory of Motivation Approach”. International Journal of Economics and Financial Issues 7, no. 4 (December 2017): 182-88.
EndNote Mu’izzuddin -, Taufik -, Ghasarma R, Putri L, Adam M (December 1, 2017) Financial Literacy; Strategies and Concepts in Understanding the Financial Planning With Self-EfficacyTheory and Goal SettingTheory of Motivation Approach. International Journal of Economics and Financial Issues 7 4 182–188.
IEEE .-. Mu’izzuddin, .-. Taufik, R. Ghasarma, L. Putri, and M. Adam, “Financial Literacy; Strategies and Concepts in Understanding the Financial Planning With Self-EfficacyTheory and Goal SettingTheory of Motivation Approach”, IJEFI, vol. 7, no. 4, pp. 182–188, 2017.
ISNAD Mu’izzuddin, - et al. “Financial Literacy; Strategies and Concepts in Understanding the Financial Planning With Self-EfficacyTheory and Goal SettingTheory of Motivation Approach”. International Journal of Economics and Financial Issues 7/4 (December 2017), 182-188.
JAMA Mu’izzuddin -, Taufik -, Ghasarma R, Putri L, Adam M. Financial Literacy; Strategies and Concepts in Understanding the Financial Planning With Self-EfficacyTheory and Goal SettingTheory of Motivation Approach. IJEFI. 2017;7:182–188.
MLA Mu’izzuddin, - et al. “Financial Literacy; Strategies and Concepts in Understanding the Financial Planning With Self-EfficacyTheory and Goal SettingTheory of Motivation Approach”. International Journal of Economics and Financial Issues, vol. 7, no. 4, 2017, pp. 182-8.
Vancouver Mu’izzuddin -, Taufik -, Ghasarma R, Putri L, Adam M. Financial Literacy; Strategies and Concepts in Understanding the Financial Planning With Self-EfficacyTheory and Goal SettingTheory of Motivation Approach. IJEFI. 2017;7(4):182-8.