Understanding Allowance Management Behaviour among Elementary School Students: The Roles of Financial Literacy and Peer Influence

Authors

  • Santi Febriani Universitas Pendidikan Indonesia, Indonesia
  • Tiara Yogiarni Universitas Pendidikan Indonesia, Indonesia https://orcid.org/0009-0003-8386-2967
  • Nurdiansyah Universitas Pendidikan Indonesia, Indonesia

DOI:

https://doi.org/10.33394/jp.v13i4.21995

Keywords:

Financial Literacy, Peer Environment, Financial Behavior, Allowance Management

Abstract

This study aims to examine the relationships of financial literacy and peer environment with elementary school students’ allowance management behavior. The study employed a quantitative explanatory survey design and was conducted at SD Negeri 2 Sindangkasih in Purwakarta Regency, Indonesia. The sample comprised 64 fifth-grade students selected through saturation sampling. Data were collected using a validated and reliable Likert-scale questionnaire and analyzed using multiple linear regression in SPSS version 26. The findings indicated that financial literacy was positively and significantly associated with allowance management behavior (t = 12.569, p < .001), as was peer environment (t = 2.547, p = .013). Both predictors were jointly significant in explaining allowance management behavior (F = 90.962, p < .001), accounting for 74.1% of the variance (adjusted R² = .741). Financial literacy demonstrated a stronger association with allowance management behavior than peer environment. These findings suggest that parents should reinforce financial socialization at home through consistent modeling and guided practice, given the important role of school-based financial knowledge in shaping children’s financial behavior. For curriculum policymakers, the findings underscore the need to integrate financial literacy into elementary school curricula and teacher training programs to strengthen children’s financial capabilities from an early age.

References

A. Sobandi, N. S. (2021). Pengaruh Pendidikan Keuangan Di Keluarga Dan Teman Sebaya Terhadap Literasi Keuangan. Jurnal Dinamika Pendidikan, 14(2). https://doi.org/https://doi.org/10.51212/jdp.v14i2

Al Shahrani, A. S., Oladapo, I. A., Akinwale, Y. O., & Gabbori, D. (2026). Peer influence, personality traits, and financial literacy as predictors of Saudi students’ spending behaviour. Journal of Asian Scientific Research, 16(1), 214–227. https://doi.org/10.55493/5003.v16i1.5875

Azzahra, P. S. R., & Hardini, H. T. (2026). Exploring How Financial Literacy and Peer Influence Impact Financial Behavior: Understanding the Role of Locus of Control in Higher Education. The Indonesian Accounting Review, 16(1), 43–62. https://doi.org/10.14414/tiar.v16i1.5596

Baveja, G. S., & Verma, A. (2024). Impact of Financial Literacy on Investment Decisions and Stock Market Participation using Extreme Learning Machines (Version 2). arXiv. https://doi.org/10.48550/ARXIV.2407.03498

Cindrakasih, R. (2021). Dinamika Globalisasi Budaya Korea Di Indonesia Dan Pola Konsumsi Remaja “Korean Wave” Di Media Sosial Instagram. Jurnal Public Relations (J-PR), 2(1), 17–28. https://doi.org/10.31294/jpr.v2i1.213

Giarlotta, A., & Petralia, A. (2024). Simon’s bounded rationality. Decisions in Economics and Finance, 47(1), 327–346. https://doi.org/10.1007/s10203-024-00436-2

Lahallo, F. F., Rupilele, F. G. J., Muskita, S. M. W., Ferdinandus, A. Y., & Pakpahan, R. R. (2022). Pentingnya Pengenalan Literasi Keuangan Bagi Anak Usia Dini Pada Rumah Baca Kanaan Kota Sorong. J-DEPACE (Journal of Dedication to Papua Community) Jurnal Pengabdian Masyarakat, 5(2), 42-56. https://doi.org/10.34124/jpkm.v5i2.118

Malhotra, N., & Baag, P. K. (2023). Impact of Financial Literacy and Peer Influence on Financial Behavior of the Members of the Self-help Groups: A PLS SEM-Based Study. IIMS Journal of Management Science, 14(1), 123–147. https://doi.org/10.1177/0976030X221128711

Maria Florensa, Andreas Rengga, & Konstantinus Pati Sanga. (2024). Pengaruh Literasi Keuangan dan Sikap Keuangan terhadap Perilaku Pengelolaan Keuangan Mahasiswa. Jurnal Mutiara Ilmu Akuntansi, 2(4), 210–234. https://doi.org/10.55606/jumia.v2i4.3339

Misa, A. M., Putra, M. G., & Sonani, N. (2023). Konsumtif Berbelanja Online (Studi Kasus Siswa-Siswi SMK Pandu 2). Jurnal Prospek.

Murniati, M., Sardiana Sardiana, & Novitasari Novitasari. (2024). The Influence of Financial Literacy and Peer Conformity on Student Consumptive Behavior. Jurnal Pendidikan IPS, 14(2), 356–366. https://doi.org/10.37630/jpi.v14i2.2124

Napitupulu, P. M., Manafe, H. A., Perseveranda, M. E., Kaluge, A. H., & Langoday, T. O. (2023). Penerapan Pendidikan Literasi Finansial terhadap Kemandirian Peserta Didik dalam Mengelola Beasiswa Program Indonesia Pintar. Ideguru: Jurnal Karya Ilmiah Guru, 8(2), 257–262. https://doi.org/10.51169/ideguru.v8i2.517

Nasution, E. M., Suci, F. P., & Rafiq, M. (2023). Penerapan Ruang Lingkup Pembelajaran Ips Di Sekolah Dasar. Pema (Jurnal Pendidikan Dan Pengabdian Kepada Masyarakat), 2(3), 188–193. https://doi.org/10.56832/pema.v2i3.305

Navarro, J. L., & Tudge, J. R. H. (2023). Technologizing Bronfenbrenner: Neo-ecological Theory. Current Psychology, 42(22), 19338–19354. https://doi.org/10.1007/s12144-022-02738-3

Nurhikmah, M., & Novita, D. (2026). Pengaruh Digital Financial Literacy Dan Gaya Hidup Terhadap Perilaku Keuangan Mahasiswa Universitas Pamulang Di Tangerang Selatan Periode 2020-2025. Jurnal Ilmiah Ekonomi Manajemen Bisnis dan Akuntansi. https://doi.org/10.61722/jemba.v3i2.2207

Otoritas Jasa Keuangan (OJK. (2025). Survei Nasional Literasi dan Inklusi Keuangan (SNLIK) Tahun 2025. https://www.ojk.go.id/id/Fungsi-Utama/Perilaku-Pelaku-Usaha-Jasa-Keuangan/SNLIK/Documents/Booklet%20Hasil%20Survei%20Nasional%20Literasi%20dan%20Inklusi%20Keuangan%20%28SNLIK%29%20Tahun%202025.pdf.

Putra, I. G. S. (2025). Unpacking the influence of parental and peer support on youth financial literacy and saving behavior in Indonesia. Jurnal Siasat Bisnis, 194–210. https://doi.org/10.20885/jsb.vol29.iss2.art5

Putri, E. B., & Wahjudi, E. (2022). Pengaruh Literasi Finansial, Inklusi Keuangan, Teman Sebaya, dan Kontrol Diri terhadap Perilaku Menabung Mahasiswa. Jurnal Pendidikan Akuntansi (JPAK), 10(3), 217–231. https://doi.org/10.26740/jpak.v10n3.p217-231

Ratih, I. S., & Zulfikri, R. R. (2024). Peningkatan Literasi Finansial melalui Pelatihan Perencanaan Keuangan pada Siswa Sekolah Dasar. Ngarsa: Journal of Dedication Based on Local Wisdom, 4(1), 11-22. https://doi.org/10.35719/ngarsa.v4i1.443

Riswan, R., Rajiani, I., Handy, M. R. N., Abbas, E. W., & Rusmaniah, R. (2022). The Role of Economic in Social Studies Education. The Kalimantan Social Studies Journal, 3(2), 144. https://doi.org/10.20527/kss.v3i2.3705

Rizal, V., & Danil, M. (2025). Analysis of Economic Decision-Making from a Kahneman Behavioral Economics Perspective. Economia: Journal of Economics and Management, 4(1), pp. 58-78.

Rully, Arestha, Camelia, C., Febliau Wanto, Hendy, H., & Mutiara, M. (2024). The Influence of Financial Literacy on the Consumptive Behavior of Generation Z: A Systematic Literature Review. Jurnal Ekonomi, Akuntansi Dan Manajemen Indonesia, 2(02), 95–103. https://doi.org/10.58471/jeami.v2i02.554

Septianingtyas, S., & Nurkhin, A. (2023). Peran Gender Dalam Memoderasi Pengaruh Status Sosial Ekonomi, Pendidikan Pengelolaan Keuangan Keluarga, Sikap Uang, Teman Sebaya Terhadap Literasi Keuangan. Business and Accounting Education Journal

Siti Hartina, Ahsan Putra Hafiz, & Nurlia Fusfita. (2024). Pengaruh Perilaku Teman Sebaya, Penggunaan Media Sosial, dan Gaya Hidup Terhadap Perilaku Konsumtif Siswa-Siswi SMKN 1 Tanjung Jabung Barat Tahun Ajaran 2023/2024. Journal Economic Excellence Ibnu Sina, 2(1), 266–280. https://doi.org/10.59841/excellence.v2i1.1021

Suharlina, S., Umar, St. H., & Ferils, M. (2024). Meningkatkan Pertumbuhan: Peran Kunci Manajemen Keuangan Syariah dalam Pengembangan UMKM di Indonesia. Amsir Accounting & Finance Journal, 2(1), 32–43. https://doi.org/10.56341/aafj.v2i1.441

Taber, K. S. (2018). The Use of Cronbach’s Alpha When Developing and Reporting Research Instruments in Science Education. Research in Science Education, 48(6), 1273–1296. https://doi.org/10.1007/s11165-016-9602-2

Trisnani, N., Sulistiyawati, D. Y. R., Utaminingtyas, S., & Evitasari, A. D. (2025). Literasi Finansial Siswa Sekolah Dasar: Peran Kurikulum, Lingkungan, serta Media dan Teknologi. Jurnal Pendidikan dan Kebudayaan, 10(2), 153–189. https://doi.org/10.24832/jpnk.v10i2.5626

Downloads

Published

2026-10-07

How to Cite

Febriani, S., Tiara Yogiarni, & Nurdiansyah. (2026). Understanding Allowance Management Behaviour among Elementary School Students: The Roles of Financial Literacy and Peer Influence. Jurnal Paedagogy, 13(4), 1410–1421. https://doi.org/10.33394/jp.v13i4.21995

Issue

Vol. 13 No. 4 (2026): October (IN PRESS)

Section

Articles

Citation Check

License

Copyright (c) 2026 The Author(s)

Creative Commons License

This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

License and Publishing Agreement
In submitting the manuscript to the journal, the authors certify that:

  • They are authorized by their co-authors to enter into these arrangements.
  • The work described has not been formally published before, except in the form of an abstract or as part of a published lecture, review, thesis, or overlay journal.
  • That it is not under consideration for publication elsewhere,
  • That its publication has been approved by all the author(s) and by the responsible authorities tacitly or explicitly of the institutes where the work has been carried out.
  • They secure the right to reproduce any material that has already been published or copyrighted elsewhere.
  • They agree to the following license and publishing agreement.

Copyright
Authors who publish with Jurnal Paedagogy agree to the following terms:

  1. Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License (CC BY-SA 4.0) that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal. 
  2. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this journal.
  3. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work.

Licensing for Data Publication

Jurnal Paedagogy use a variety of waivers and licenses, that are specifically designed for and appropriate for the treatment of data:
Other data publishing licenses may be allowed as exceptions (subject to approval by the editor on a case-by-case basis) and should be justified with a written statement from the author, which will be published with the article.