Yuliani, Doctor of Financial Management, Faculty of Economics, Sriwijaya University, Palembang

ORCID ID: 0000-0002-8201-8428
e-mail: yulianisyapril@unsri.ac.id

Muhammad Kms Husni Thanrin, Doctor of Financial Management, Faculty of Economics, Sriwijaya University, Palembang

ORCID ID: 0000-0002-2907-106X
e-mail: kemasmuhammadhusnithamrin@fe.unsri.ac.id

Farida Aprilia, postgraduate student of the Faculty of Economics, Sriwijaya University, Palembang

ORCID ID: 0000-0002-5892-0243
e-mail: maklanjar1209@gmail.com

The Influence of Financial Literacy, Financial Experiences on Investment Planning Behavior

Abstract. Introduction. Investment planning is an important aspect of financial management, where investment is defined as the use of capital to make money, either through income-generating ways or through riskier enterprises aimed to generate profits. Financial Experiences play an essential role in financial practice, which is the process by which civil servants gain experience through experiences that are sensed individually as a result of environmental stimuli and impart a particular impression. Financial Experiences have a good link with investment planning, Financial Experiences that have a significant and positive impact can encourage civil servants to start paying more attention to their financial experience, allowing them to plan future investments with greater care.

Purpose. This research aims to investigate the direct effect of financial literacy and financial experience on investment planning behavior, as well as the indirect effect of financial literacy and financial experience on investment planning behavior, via self-control as an intervening variable, among civil servants in the Palembang City Government Regional Secretariat. Using a sample of 200 civil servants from the Regional Secretariat of Palembang City.

Results. Financial Literacy has an effect on self-control, as shown by the results of a data analysis. A positive estimate value indicates that the effect is positive. Financial Experiences have an effect on self-control. Financial Literacy influences the behavior of Palembang City Regional Secretariat Civil Servant investment planning.

Conclusions. This study concludes that financial literacy and financial experience have a positive influence on self-control and investment planning behavior, and that financial literacy and financial experience can be mediated by self-control.

Keywords: investment planning; financial literacy; financial experiences and self control.

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