Analysis of Minimalist Consumption Behavior and Financial Goal Orientation as Predictors of Long-Term Savings Discipline and Budgeting in Generation Z in Jakarta

Authors

  • Faradilla Herlin Fakultas Ekonomi dan Bisnis, Universitas Muhammadiyah Jambi
  • Nihlatul Qudus Sukma Nirwana Fakultas Bisnis Hukum dan Ilmu Sosial, Universitas Muhammadiyah Sidoarjo
  • Supriandi Supriandi Telkom University

DOI:

https://doi.org/10.58812/wsis.v3i06.1984

Keywords:

Minimalist Consumption Behavior, Financial Goal Orientation, Budgeting Practices, Long-Term Savings Discipline, Generation Z

Abstract

This study explores the influence of minimalist consumption behavior and financial goal orientation on budgeting practices and long-term savings discipline among Generation Z in Jakarta. Using a quantitative approach, data were collected from 150 respondents via a Likert-scale questionnaire and analyzed using Structural Equation Modeling - Partial Least Squares (SEM-PLS). The findings reveal that financial goal orientation and minimalist consumption behavior significantly impact both budgeting and savings discipline. High R2 and Q² values confirm the model’s explanatory and predictive relevance. The results underscore the importance of promoting financial goal-setting and minimalist behaviors to enhance financial management practices in Generation Z. Practical and theoretical implications are discussed, with recommendations for policymakers and educators to design targeted financial education programs.

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Published

2025-06-30

Issue

Vol. 3 No. 06 (2025): West Science Interdisciplinary Studies

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Articles

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Copyright (c) 2025 Faradilla Herlin, Nihlatul Qudus Sukma Nirwana, Supriandi Supriandi

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How to Cite

Analysis of Minimalist Consumption Behavior and Financial Goal Orientation as Predictors of Long-Term Savings Discipline and Budgeting in Generation Z in Jakarta (F. Herlin, N. Q. . Sukma Nirwana, & S. Supriandi , Trans.). (2025). West Science Interdisciplinary Studies, 3(06), 916-927. https://doi.org/10.58812/wsis.v3i06.1984