The Influence of Pocket Money and Self-Control on the Consumption Patterns of Students of the Faculty of Economics and Business, University of North Sumatra

Abstract

This study aims to analyze the effect of pocket money and self-control on the consumption patterns of students of the Faculty of Economics and Business, University of Indonesia. consumption patterns of students of the Faculty of Economics and Business, University of North Sumatra. North Sumatra. This is done to see how consumptive activities and how to overcome them. and how to overcome it especially as an economics student, namely FEB USU students must be able to optimize their finances. This study uses quantitative methods using Partial Least Squares (PLS) analysis techniques processed through the SmartPLS 4 application. The population of this study were students at the USU Faculty of Economics and Business totaling 2679 with a sample of 100 respondents. With pocket money and self-control as independent variables and consumption patterns as the dependent variable. The result of this study is that pocket money has an insignificant effect on the consumption patterns of students of the Faculty of Economics and Business of USU. on consumption patterns of USU Faculty of Economics and Business students. While self-control has a negative and significant effect on the consumption patterns of students of the Faculty of Economics and Business of USU. Faculty of Economics and Business USU. This happens because a person's consumption no longer depends on the amount of pocket money but rather on his self-control, no matter how much pocket money he has if his desires remain higher. No matter how much pocket money is owned if the desire remains higher, humans will do whatever it takes to get it. Therefore, rational thinking and self-control are needed from FEB USU students so that they can prioritize the consumption of basic needs first rather than personal desires so that their consumption management can be more optimal.