Objective - Personal financial management is a way of managing finances that is the responsibility of the individual. This study analyzes the effect of financial literacy, financial attitude, and hedonistic lifestyle on personal financial management in Islamic Economics students at Perbanas Institute Jakarta. The benefit of this research is that Islamic Economics Students at the Perbanas Institute, Jakarta, are more careful in managing their personal finances.

Methodology – The population in this study was Perbanas Institute Jakarta Islamic Economics students' class of 2018-2021. The sample in this study was obtained from questionnaire data distributed to 100 respondents using the nonprobability sampling method. Sampling used accidental sampling.

Findings – Using regression analysis, data were processed with SPSS version 25. The results showed that the hedonistic lifestyle proved to have a positive and significant effect on personal financial management. In contrast, financial literacy and financial attitude had no effect on personal financial management. Adjusted R Square value of 23.2% states that Personal Financial Management is influenced by Financial Literacy, Financial Attitude, and hedonistic lifestyle of 23.2%.

Novelty – It is recommended to improve the hedonistic lifestyle in managing their finances and how to allocate time effectively so that Personal Financial Management also increases so that they can save expenses.

Type of Paper - Empirical

Keywords: Financial Literacy, Financial Attitude, Hedonism Lifestyle, Personal Financial Management.

JEL Classification: G21, G34, B26

URI: http://gatrenterprise.com/GATRJournals/JFBR/vol8.3_2.html

DOI: https://doi.org/10.35609/jfbr.2023.8.3(2)

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