Invest Wisely, Save Smartly: Unleashing Your Financial Potential
Keywords:
Financial Potential, Investment Decisions, Saving Habits, Financial Literacy
Abstract
This study delves into the intricate dynamics of financial potential among Bank Sumut's clientele, focusing on the interrelationships between investment decisions, saving habits, financial literacy, and financial potential. Using a quantitative research design and employing Smart PLS analysis, data was collected from a sample of 100 bank customers through random sampling. The findings reveal significant direct effects of investment decisions, saving habits, and financial literacy on financial potential, underscoring their crucial roles in shaping individuals' financial capabilities. Additionally, the study uncovers significant indirect effects, highlighting the mediating role of financial literacy in the relationships between investment decisions, saving habits, and financial potential. These results emphasize the importance of promoting financial literacy alongside encouraging prudent saving habits and informed investment decisions to enhance customers' overall financial well-being. The insights derived from this research offer valuable implications for Bank Sumut and similar financial institutions in designing effective strategies to empower their clientele towards achieving long-term financial stability and success.
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[2] S. Earl and A. Dube, “Department of Informatics and Media Master ’ s Programme in Social Sciences , Digital Media and Society Specialisation Two-year Master ’ s Thesis Discovering Zimbabwean Digital Literature : An Exploratory Study of the Typologies and Properties of Online A,” Uppsala Univ., 2023.
[3] M. Nkomo and L. Nkomo, “Politics from the Pits: Artisanal Gold Mining, Politics and the Limits of Hegemonic State Domination in Zimbabwe,” J. South. Afr. Stud., vol. 49, no. 1, pp. 137–153, 2023, doi: 10.1080/03057070.2023.2182982.
[4] Primadi Candra Susanto, Siera Syailendra, and Ryan Firdiansyah Suryawan, “Determination of Motivation and Performance: Analysis of Job Satisfaction, Employee Engagement and Leadership,” Int. J. Bus. Appl. Econ., vol. 2, no. 2, pp. 59–68, 2023, doi: 10.55927/ijbae.v2i2.2135.
[5] U. Barnea, R. J. Meyer, and G. Nave, “The Effects of Content Ephemerality on Information Processing,” J. Mark. Res., vol. 60, no. 4, pp. 750–766, 2023, doi: 10.1177/00222437221131047.
[6] D. Kim and S. Kim, “Social Media Affordances of Ephemerality and Permanence: Social Comparison, Self-Esteem, and Body Image Concerns,” Soc. Sci., vol. 12, no. 2, 2023, doi: 10.3390/socsci12020087.
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[8] B. Li, M. L. Naraine, L. Zhao, and C. Li, “A Magic ‘Bullet’: Exploring Sport Fan Usage of On-Screen, Ephemeral Posts During Live Stream Sessions,” Commun. Sport, vol. 11, no. 2, pp. 334–355, 2023, doi: 10.1177/21674795211038949.
[9] S. Sethi, “Embedding a Microblog Context in Ephemeral Queries for Document Retrieval,” J. Web Eng., vol. 22, no. 4, pp. 679–700, 2023, doi: 10.13052/jwe1540-9589.2245.
[10] M. Davis and S. Harris, “Textiles in a Viking Age hoard: Identifying ephemeral traces of textiles in metal corrosion products,” J. Archaeol. Sci. Reports, vol. 48, no. June 2022, p. 103796, 2023, doi: 10.1016/j.jasrep.2022.103796.
[11] N. G. Narin, “A Content Analysis of the AIDS Media,” J. Metaverse, vol. 1, no. 1, pp. 17–24, 2021, [Online]. Available: https://lens.org/132-852-388-772-732
[12] N. Anantrasirichai and D. Bull, Artificial intelligence in the creative industries: a review, vol. 55, no. 1. Springer Netherlands, 2022. doi: 10.1007/s10462-021-10039-7.
[13] M. B. Kavyashree, S. Kulenur, P. Nagesh, and T. S. Nanjundeswaraswamy, “Relationship between Human Resource Management Practices and Employee Engagement,” Brazilian J. Oper. Prod. Manag., vol. 20, no. 1, pp. 1–15, 2023, doi: 10.14488/BJOPM.1331.2023.
[14] G. Richards, “Designing creative places: The role of creative tourism,” Ann. Tour. Res., vol. 85, no. August, p. 102922, 2020, doi: 10.1016/j.annals.2020.102922.
[15] J. Haase and P. H. P. Hanel, “Artificial muses: Generative artificial intelligence chatbots have risen to human-level creativity,” J. Creat., vol. 33, no. 3, p. 100066, 2023, doi: 10.1016/j.yjoc.2023.100066.
[16] M. Shidiq, “the Use of Artificial Intelligence-Based Chat-Gpt and Its Challenges for the World of Education; From the Viewpoint of the Development of Creative Writing Skills,” Soc. Humanit., vol. 01, no. 01, p. 2023, 2023.
[17] P. Voruz et al., “Frequency of Abnormally Low Neuropsychological Scores in Post-COVID-19 Syndrome: the Geneva COVID-COG Cohort,” Arch. Clin. Neuropsychol., vol. 38, no. 1, pp. 1–11, 2023, doi: 10.1093/arclin/acac068.
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[20] S. Klucarova and J. Hasford, “The oversharenting paradox: when frequent parental sharing negatively affects observers’ desire to affiliate with parents,” Curr. Psychol., vol. 42, no. 8, pp. 6419–6428, 2023, doi: 10.1007/s12144-021-01986-z.
[21] A. K. Schild et al., “Multidomain cognitive impairment in non-hospitalized patients with the post-COVID-19 syndrome: results from a prospective monocentric cohort,” J. Neurol., vol. 270, no. 3, pp. 1215–1223, 2023, doi: 10.1007/s00415-022-11444-w.
[22] N. S. Nuha, T. Mahmud, N. Rezaoana, M. S. Hossain, and K. Andersson, “An Approach of Analyzing Classroom Student Engagement in Multimodal Environment by Using Deep Learning,” Proc. 2023 IEEE 9th Int. Women Eng. Conf. Electr. Comput. Eng. WIECON-ECE 2023, pp. 286–291, 2023, doi: 10.1109/WIECON-ECE60392.2023.10456488.
[23] M. Saqr, S. López-Pernas, S. Helske, and S. Hrastinski, “The longitudinal association between engagement and achievement varies by time, students’ profiles, and achievement state: A full program study,” Comput. Educ., vol. 199, no. March, 2023, doi: 10.1016/j.compedu.2023.104787.
[24] F. Caputo, P. Magliocca, R. Canestrino, and E. Rescigno, “Rethinking the Role of Technology for Citizens’ Engagement and Sustainable Development in Smart Cities,” Sustain., vol. 15, no. 13, pp. 1–19, 2023, doi: 10.3390/su151310400.
[25] E. Salmah, E. Astuti, and I. Harsono, “Employee Engagement in the Gig Economy,” Manag. Stud. Bus. J., vol. 1, no. 1, pp. 116–122, 2024, doi: 10.62207/1e5dd842.
[26] M. A. Wardana, I. K. Rahyuda, I. P. G. Sukaatmadja, And I. G. A. K. Giantari, “Antecedents and Consequences of Intention to Become a Customer: A Case Study of Islamic Banks in Indonesia,” J. Asian Financ. Econ. Bus., vol. 8, no. 4, pp. 827–839, 2021, doi: 10.13106/jafeb.2021.vol8.no4.082.
Published
2024-05-27
Section
Articles
Copyright (c) 2024 Ainur Rizky, Yochi Elanda, Asep Saiful Falah
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
