The analysis of the RBL-STEM application in improving student financial literacy in controlling consumptive behavior
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View abstract on PubMed
Summary
This summary is machine-generated.The RBL-STEM learning model significantly boosts financial literacy in university students, helping them control consumptive behavior. However, risk management skills did not directly impact their spending habits in this study.
Area Of Science
- Education
- Behavioral Economics
- Pedagogy
Background
- Student financial literacy is crucial for managing consumptive behavior.
- Existing learning models may not adequately address financial literacy and its behavioral impacts.
- The RBL-STEM model offers a potential framework for integrated learning.
Purpose Of The Study
- To analyze the RBL-STEM learning model's effectiveness in enhancing student financial literacy.
- To determine the impact of improved financial literacy on controlling consumptive behavior.
- To investigate the relationship between specific financial literacy components and consumptive behavior.
Main Methods
- Mixed-methods approach combining qualitative and quantitative data.
- Involved 110 undergraduate students from Riau University.
- Structural Equation Modeling (SEM) with Partial Least Squares (PLS) was used for data analysis on nine hypotheses.
Main Results
- The RBL-STEM learning model significantly improved financial literacy.
- Enhanced financial literacy positively influenced the control of consumptive behavior.
- The hypothesis linking risk management directly to consumptive behavior was rejected.
- The outer model demonstrated good reliability and validity (CR > 0.7, AVE > 0.5).
Conclusions
- The RBL-STEM learning model is effective in enhancing financial literacy among students.
- Increased financial literacy is a key factor in mitigating excessive consumptive behavior.
- Further research may be needed to explore the nuances of risk management's influence on spending habits.
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