Pengaruh Pemahaman Penyusunan Anggaran terhadap Perencanaan Keuangan Mahasiswa Program Studi Manajemen Angkatan 2025 Universitas Negeri Medan

Abstract

Financial planning is essential for students to manage income, prioritize needs, and control expenses effectively. The purpose of this study is to analyze the effect of understanding budgeting on the financial planning of students in the Management Department at Medan State University. This study was motivated by the importance of students’ ability to understand budgeting as a key component that can help them manage their income, expenses, life priorities, savings, and financial control in a focused manner. This study employs a quantitative approach with an associative design. This study used a population of 165 students in the Management Program, class of 2025. Based on the Slovin formula, the minimum sample size was determined to be 117 respondents, with a margin of error of 5%. Data collection for this study was conducted using a five-point Likert-scale questionnaire, while data analysis was performed using IBM SPSS. The statistical tests conducted in this study included validity, reliability, descriptive statistics, normality tests, linearity tests, heteroscedasticity tests, simple linear regression, t-tests, and the coefficient of determination. The results of this study indicate that there is a positive effect on students’ understanding of budgeting and a significant effect on their financial planning, with a regression coefficient of 0.854 and a significance level of 0.000 < 0.05. The regression equation derived from this study is Y = 6.294 + 0.854X + e. The R-squared value was 0.813, indicating that budgeting practices explain 81.3% of the variation in financial planning, while 18.7% is attributable to factors outside the model. This study confirms that applying budgeting principles to student financial management is crucial. This is achieved through budget preparation, tracking expenses, setting priorities, establishing savings goals, and conducting periodic budget evaluations. The findings of this study provide practical insights for students regarding the development of financial management education by translating conceptual understanding into financial management skills that students can apply. This program can encourage students to practice creating personal budgets so they can plan their spending in a more focused, disciplined, and sustainable manner in their daily lives.