The Impact of Parental Norms on Money Management (Literatur Review) Literature Review
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Published:
Oct 31, 2023
Keywords:
Financial Socialization Agents, Money Management, Parental norms
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Articles
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Abstract
This study aims to provide information related to the influence of parental norms on money management; qualitative methods with literature survey techniques seek to place, obtain, read, and evaluate research literature. Analysis and search for articles involving themes with titles, abstracts, and keywords related to parental norms, money management, and financial socialization agents. Selection of compositions according to writing needs, list of documents, and type of article. The data collection technique in this study was a literature survey collected from the database using Harzing's Publish or Perish (PoP). The study results show that parents are very influential in shaping children's financial management behavior. Technically, parents are role models for children in shaping their financial management behavior
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How to Cite
Yuliani, Y., Surianti, S., Mohdari, M., & Elliyana, E. (2023). The Impact of Parental Norms on Money Management (Literatur Review): Literature Review. ProBisnis : Jurnal Manajemen, 14(5), 217–223. https://doi.org/10.62398/probis.v14i5.323
References
Agnew, S., & Cameron‐Agnew, T. (2015). The influence of consumer socialisation in the home on gender differences in financial literacy. International Journal of Consumer Studies, 39(6), 630–638.
Albeerdy, M. I., & Gharleghi, B. (2015). Determinants of the financial literacy among college students in Malaysia. International Journal of Business Administration, 6(3).
Amagir, A., Groot, W., van den Brink, H. M., & Wilschut, A. (2020). Financial literacy of high school students in the Netherlands: knowledge, attitudes, self-efficacy, and behavior. International Review of Economics Education, 34, 100185.
Ansong, A., & Gyensare, M. A. (2012). Determinants of university working-students’ financial literacy at the University of Cape Coast, Ghana. International Journal of Business and Management, 7(9), 126.
BAKAR, M. Z. A., & BAKAR, S. A. (2020). Prudent financial management practices among Malaysian youth: The moderating roles of financial education. The Journal of Asian Finance, Economics and Business, 7(6), 525–535.
Bamforth, J., Jebarajakirthy, C., & Geursen, G. (2018). Understanding undergraduates’ money management behaviour: a study beyond financial literacy. International Journal of Bank Marketing.
Beal, D., & Delpachitra, S. (2003). Financial literacy among Australian university students. Economic Papers: A Journal of Applied Economics and Policy, 22(1), 65–78.
Berry, J., Karlan, D., & Pradhan, M. (2018). The impact of financial education for youth in Ghana. World Development, 102, 71–89.
Bregu, E., Anamali, A., & Shosha, B. (n.d.). Money Management in High School Students: Literature Review.
Brigham, E. F., & Houston, J. F. (2021). Fundamentals of financial management. Cengage Learning.
Bryan, J., Griffin, D., Kim, J., Griffin, D. M., & Young, A. (2019). School counselor leadership in school-family-community partnerships: An equity-focused partnership process model for moving the field forward. The Wiley Handbook on Family, School, and Community Relationships in Education, 265–287.
Cude, B. J., Lawrence, F., Lyons, A., Metzger, K., LeJeune, E., Marks, L., & Machtmes, K. (2006). College students and financial literacy: What they know and what we need to learn. Proceedings of the Eastern Family Economics and Resource Management Association, 102(9), 106–109.
Danes, S. M., & Brewton, K. E. (2014). The role of learning context in high school students’ financial knowledge and behavior acquisition. Journal of Family and Economic Issues, 35(1), 81–94.
Dangol, J., & Maharjan, S. (2018). Parental and peer influence on the saving behavior of the youth. International Research Journal of Management Science, 3, 42–63.
Deenanath, V., Danes, S. M., & Jang, J. (2019). Purposive and unintentional family financial socialization, subjective financial knowledge, and financial behavior of high school students. Journal of Financial Counseling and Planning, 30(1), 83–96.
Dewi, K. S., Prihatsanti, U., & Setyawan, I. (2015). Children’s aggressive behavior tendency in central java coastal region: the role of parent-child interaction, father’s affection and media exposure. Procedia Environmental Sciences, 23, 192–198.
Drever, A. I., Odders‐White, E., Kalish, C. W., Else‐Quest, N. M., Hoagland, E. M., & Nelms, E. N. (2015). Foundations of financial well‐being: Insights into the role of executive function, financial socialization, and experience‐based learning in childhood and youth. Journal of Consumer Affairs, 49(1), 13–38.
Elliyana, E., Yuliani, Y., & Paerah, A. (2023). Financial Literacy: Empowering Women for Better Financial Management. Jurnal Administrasi Kantor, 11(1), 51-65.
Engels, C., Kumar, K., & Philip, D. (2020). Financial literacy and fraud detection. The European Journal of Finance, 26(4–5), 420–442.
Entrialgo, M., & Iglesias, V. (2018). Are the intentions to entrepreneurship of men and women shaped differently? The impact of entrepreneurial role-model exposure and entrepreneurship education. Entrepreneurship Research Journal, 8(1).
Falahati, L., & Paim, L. H. (2011). A comparative study in money attitude among university students: a gendered view. Journal of American Science, 7(6), 1144–1148.
Fan, L., & Chatterjee, S. (2019). Financial socialization, financial education, and student loan debt. Journal of Family and Economic Issues, 40(1), 74–85.
Faulkner, A. E. (2015). A systematic review of financial literacy as a termed concept: More questions than answers. Journal of Business & Finance Librarianship, 20(1–2), 7–26.
Furnham, A. (1999). Economic socialization: A study of adults’ perceptions and uses of allowances (pocket money) to educate children. British Journal of Developmental Psychology, 17(4), 585–604.
Gentina, E., Tang, T. L.-P., & Gu, Q. (2017). Does bad company corrupt good morals? Social bonding and academic cheating among French and Chinese teens. Journal of Business Ethics, 146(3), 639–667.
Gentina, E., Tang, T. L.-P., & Gu, Q. (2018). Do parents and peers influence adolescents’ monetary intelligence and consumer ethics? French and Chinese adolescents and behavioral economics. Journal of Business Ethics, 151(1), 115–140.
Gilenko, E., & Chernova, A. (2021). Saving behavior and financial literacy of Russian high school students: An application of a copula-based bivariate probit-regression approach. Children and Youth Services Review, 127, 106122.
Goyal, K., & Kumar, S. (2021). Financial literacy: A systematic review and bibliometric analysis. International Journal of Consumer Studies, 45(1), 80–105.
Grinstein-Weiss, M., Spader, J., Yeo, Y. H., Taylor, A., & Freeze, E. B. (2011). Parental transfer of financial knowledge and later credit outcomes among low-and moderate-income homeowners. Children and Youth Services Review, 33(1), 78–85.
Gudmunson, C. G., & Danes, S. M. (2011). Family financial socialization: Theory and critical review. Journal of Family and Economic Issues, 32(4), 644–667.
Hancock, A. M., Jorgensen, B. L., & Swanson, M. S. (2013). College students and credit card use: The role of parents, work experience, financial knowledge, and credit card attitudes. Journal of Family and Economic Issues, 34(4), 369–381.
Hanson, T. A., & Olson, P. M. (2018). Financial literacy and family communication patterns. Journal of Behavioral and Experimental Finance, 19, 64–71.
Hill, N. E., Witherspoon, D. P., & Bartz, D. (2018). Parental involvement in education during middle school: Perspectives of ethnically diverse parents, teachers, and students. The Journal of Educational Research, 111(1), 12–27.
Houle, J. N. (2014). Disparities in debt: Parents’ socioeconomic resources and young adult student loan debt. Sociology of Education, 87(1), 53–69.
Hung, A., Yoong, J., & Brown, E. (2012). Empowering women through financial awareness and education.
Ishimaru, A. M. (2019). From family engagement to equitable collaboration. Educational Policy, 33(2), 350–385.
Jamal, A. A. A., Ramlan, W. K., Karim, M. A., & Osman, Z. (2015). The effects of social influence and financial literacy on savings behavior: A study on students of higher learning institutions in Kota Kinabalu, Sabah. International Journal of Business and Social Science, 6(11), 110–119.
Jang, M., Owen, B., & Lauver, D. R. (2019). Different types of parental stress and childhood obesity: A systematic review of observational studies. Obesity Reviews, 20(12), 1740–1758.
Kim, J., & Chatterjee, S. (2013). Childhood financial socialization and young adults’ financial management. Journal of Financial Counseling and Planning, 24(1), 61.
Kruzhkova, O. V, Vorobyeva, I. V, Zhdanova, N. E., & Ljovkina, A. O. (2018). Adolescent vandalism: the role of the parent-child relationship in the development of destructive behavior. Psychology in Russia: State of the Art, 11(3), 168–182.
LeBaron, A. B., Marks, L. D., Rosa, C. M., & Hill, E. J. (2020). Can we talk about money? Financial socialization through parent–child financial discussion. Emerging Adulthood, 8(6), 453–463.
LeBaron, A. B., Runyan, S. D., Jorgensen, B. L., Marks, L. D., Li, X., & Hill, E. J. (2019). Practice makes perfect: Experiential learning as a method for financial socialization. Journal of Family Issues, 40(4), 435–463.
Legenzova, R., Gaigalienė, A., & Leckė, G. (2019). Impact of parental financial socialization factors on financial literacy of Lithuanian high school students. Acta Prosperitatis, 10, 41–60.
Leila, F., Laily, P., Maimunah, I., Sharifah, A. H., & Jariah, M. (2011). Assessment of university studentsâ€TM financial management skills and educational needs. African Journal of Business Management, 5(15), 6085–6091.
Lusardi, A., Mitchell, O. S., & Curto, V. (2010). Financial literacy among the young. Journal of Consumer Affairs, 44(2), 358–380.
Miller, J., & Yung, S. (1990). The role of allowances in adolescent socialization. Youth & Society, 22(2), 137–159.
Norvilitis, J. M., & MacLean, M. G. (2010). The role of parents in college students’ financial behaviors and attitudes. Journal of Economic Psychology, 31(1), 55–63.
O’Boyle Jr, E. H., Pollack, J. M., & Rutherford, M. W. (2012). Exploring the relation between family involvement and firms’ financial performance: A meta-analysis of main and moderator effects. Journal of Business Venturing, 27(1), 1–18.
Putri, G., Rahadi, R. A., & Tiara, A. R. (2020). A conceptual study on the impact of parental influence in improving financial literacy of university students. Asia Pacific Journal of Social Science Research, 5(1), 12–20.
Qi, D., & Wu, Y. (2020). Family’s social economic status and child educational outcomes in China: The mediating effects of parenting practices and children’s learning attitudes. Children and Youth Services Review, 118, 105387.
Rajan, R. G. (2006). Has finance made the world riskier? European Financial Management, 12(4), 499–533.
Remund, D. L. (2010). Financial literacy explicated: The case for a clearer definition in an increasingly complex economy. Journal of Consumer Affairs, 44(2), 276–295.
Robertson-Rose, L. (2020). “Because my father told me to”: Exploratory insights into parental influence on the retirement savings behavior of adult children. Journal of Family and Economic Issues, 41(2), 364–376.
Rudeloff, M., Brahm, T., & Pumptow, M. (2019). Does gender matter for the use of learning opportunities? Potential explanation for the gender gap in financial literacy. Citizenship, Social and Economics Education, 18(3), 128–142.
Sabana, B. (2014). Entrepreneur Financial Literacy, Financial Access, Transaction Costs and Performance of Micro Enterprises in Nairobi City County, Kenya. International Journal of Research in Management, Economics and Commerce, 231.
Sabri, M. F., & Falahati, L. (2012). Estimating a model of subjective financial well-being among college students. International Journal of Humanities and Social Science, 2(18), 191–199.
Sanders, M. R., & Turner, K. M. T. (2018). The importance of parenting in influencing the lives of children. In Handbook of parenting and child development across the lifespan (pp. 3–26). Springer.
Sharif, S. P., & Naghavi, N. (2020). Family financial socialization, financial information seeking behavior and financial literacy among youth. Asia-Pacific Journal of Business Administration, 12(2), 163–181.
Shaturaev, J. (2021). indonesia: superior policies and management for better education (Community development through Education). Архив Научных Исследований, 1(1).
Sherraden, M., Peters, C., Wagner, K., Guo, B., & Clancy, M. (2013). Contributions of qualitative research to understanding savings for children and youth. Economics of Education Review, 32, 66–77.
Shim, S., Barber, B. L., Card, N. A., Xiao, J. J., & Serido, J. (2010). Financial socialization of first-year college students: The roles of parents, work, and education. Journal of Youth and Adolescence, 39(12), 1457–1470.
Shim, S., Xiao, J. J., Barber, B. L., & Lyons, A. C. (2009). Pathways to life success: A conceptual model of financial well-being for young adults. Journal of Applied Developmental Psychology, 30(6), 708–723.
Silva, T. P. da, Magro, C. B. D., Gorla, M. C., & Nakamura, W. T. (2017). Financial education level of high school students and its economic reflections. Revista de Administração (São Paulo), 52, 285–303.
Sinha, G., Tan, K., & Zhan, M. (2018). Patterns of financial attributes and behaviors of emerging adults in the United States. Children and Youth Services Review, 93, 178–185.
Sirsch, U., Zupančič, M., Poredoš, M., Levec, K., & Friedlmeier, M. (2020). Does parental financial socialization for emerging adults matter? The case of Austrian and Slovene first-year university students. Emerging Adulthood, 8(6), 509–520.
Sundarasen, S. D. D., Rahman, M. S., Othman, N. S., & Danaraj, J. (2016a). Impact of financial literacy, financial socialization agents, and parental norms on money management. Journal of Business Studies Quarterly, 8(1), 137.
Sundarasen, S. D. D., Rahman, M. S., Othman, N. S., & Danaraj, J. (2016b). Impact of Financial Literacy, Financial Socialization Agents, and Parental Norms on Money Management. Journal of Business Studies Quarterly, Vol. 8(No. 1), 140–158.
Van Campenhout, G. (2015). Revaluing the role of parents as financial socialization agents in youth financial literacy programs. Journal of Consumer Affairs, 49(1), 186–222.
Webley, P., & Nyhus, E. K. (2013). Economic socialization, saving and assets in European young adults. Economics of Education Review, 33, 19–30.
Xiao, J. J., Chatterjee, S., & Kim, J. (2014). Factors associated with financial independence of young adults. International Journal of Consumer Studies, 38(4), 394–403.
ZULFARIS, M. D., MUSTAFA, H., MAHUSSIN, N., ALAM, M. K., & DAUD, Z. M. (2020). Students and money management behavior of a Malaysian public university. The Journal of Asian Finance, Economics and Business, 7(3), 245–251.
Albeerdy, M. I., & Gharleghi, B. (2015). Determinants of the financial literacy among college students in Malaysia. International Journal of Business Administration, 6(3).
Amagir, A., Groot, W., van den Brink, H. M., & Wilschut, A. (2020). Financial literacy of high school students in the Netherlands: knowledge, attitudes, self-efficacy, and behavior. International Review of Economics Education, 34, 100185.
Ansong, A., & Gyensare, M. A. (2012). Determinants of university working-students’ financial literacy at the University of Cape Coast, Ghana. International Journal of Business and Management, 7(9), 126.
BAKAR, M. Z. A., & BAKAR, S. A. (2020). Prudent financial management practices among Malaysian youth: The moderating roles of financial education. The Journal of Asian Finance, Economics and Business, 7(6), 525–535.
Bamforth, J., Jebarajakirthy, C., & Geursen, G. (2018). Understanding undergraduates’ money management behaviour: a study beyond financial literacy. International Journal of Bank Marketing.
Beal, D., & Delpachitra, S. (2003). Financial literacy among Australian university students. Economic Papers: A Journal of Applied Economics and Policy, 22(1), 65–78.
Berry, J., Karlan, D., & Pradhan, M. (2018). The impact of financial education for youth in Ghana. World Development, 102, 71–89.
Bregu, E., Anamali, A., & Shosha, B. (n.d.). Money Management in High School Students: Literature Review.
Brigham, E. F., & Houston, J. F. (2021). Fundamentals of financial management. Cengage Learning.
Bryan, J., Griffin, D., Kim, J., Griffin, D. M., & Young, A. (2019). School counselor leadership in school-family-community partnerships: An equity-focused partnership process model for moving the field forward. The Wiley Handbook on Family, School, and Community Relationships in Education, 265–287.
Cude, B. J., Lawrence, F., Lyons, A., Metzger, K., LeJeune, E., Marks, L., & Machtmes, K. (2006). College students and financial literacy: What they know and what we need to learn. Proceedings of the Eastern Family Economics and Resource Management Association, 102(9), 106–109.
Danes, S. M., & Brewton, K. E. (2014). The role of learning context in high school students’ financial knowledge and behavior acquisition. Journal of Family and Economic Issues, 35(1), 81–94.
Dangol, J., & Maharjan, S. (2018). Parental and peer influence on the saving behavior of the youth. International Research Journal of Management Science, 3, 42–63.
Deenanath, V., Danes, S. M., & Jang, J. (2019). Purposive and unintentional family financial socialization, subjective financial knowledge, and financial behavior of high school students. Journal of Financial Counseling and Planning, 30(1), 83–96.
Dewi, K. S., Prihatsanti, U., & Setyawan, I. (2015). Children’s aggressive behavior tendency in central java coastal region: the role of parent-child interaction, father’s affection and media exposure. Procedia Environmental Sciences, 23, 192–198.
Drever, A. I., Odders‐White, E., Kalish, C. W., Else‐Quest, N. M., Hoagland, E. M., & Nelms, E. N. (2015). Foundations of financial well‐being: Insights into the role of executive function, financial socialization, and experience‐based learning in childhood and youth. Journal of Consumer Affairs, 49(1), 13–38.
Elliyana, E., Yuliani, Y., & Paerah, A. (2023). Financial Literacy: Empowering Women for Better Financial Management. Jurnal Administrasi Kantor, 11(1), 51-65.
Engels, C., Kumar, K., & Philip, D. (2020). Financial literacy and fraud detection. The European Journal of Finance, 26(4–5), 420–442.
Entrialgo, M., & Iglesias, V. (2018). Are the intentions to entrepreneurship of men and women shaped differently? The impact of entrepreneurial role-model exposure and entrepreneurship education. Entrepreneurship Research Journal, 8(1).
Falahati, L., & Paim, L. H. (2011). A comparative study in money attitude among university students: a gendered view. Journal of American Science, 7(6), 1144–1148.
Fan, L., & Chatterjee, S. (2019). Financial socialization, financial education, and student loan debt. Journal of Family and Economic Issues, 40(1), 74–85.
Faulkner, A. E. (2015). A systematic review of financial literacy as a termed concept: More questions than answers. Journal of Business & Finance Librarianship, 20(1–2), 7–26.
Furnham, A. (1999). Economic socialization: A study of adults’ perceptions and uses of allowances (pocket money) to educate children. British Journal of Developmental Psychology, 17(4), 585–604.
Gentina, E., Tang, T. L.-P., & Gu, Q. (2017). Does bad company corrupt good morals? Social bonding and academic cheating among French and Chinese teens. Journal of Business Ethics, 146(3), 639–667.
Gentina, E., Tang, T. L.-P., & Gu, Q. (2018). Do parents and peers influence adolescents’ monetary intelligence and consumer ethics? French and Chinese adolescents and behavioral economics. Journal of Business Ethics, 151(1), 115–140.
Gilenko, E., & Chernova, A. (2021). Saving behavior and financial literacy of Russian high school students: An application of a copula-based bivariate probit-regression approach. Children and Youth Services Review, 127, 106122.
Goyal, K., & Kumar, S. (2021). Financial literacy: A systematic review and bibliometric analysis. International Journal of Consumer Studies, 45(1), 80–105.
Grinstein-Weiss, M., Spader, J., Yeo, Y. H., Taylor, A., & Freeze, E. B. (2011). Parental transfer of financial knowledge and later credit outcomes among low-and moderate-income homeowners. Children and Youth Services Review, 33(1), 78–85.
Gudmunson, C. G., & Danes, S. M. (2011). Family financial socialization: Theory and critical review. Journal of Family and Economic Issues, 32(4), 644–667.
Hancock, A. M., Jorgensen, B. L., & Swanson, M. S. (2013). College students and credit card use: The role of parents, work experience, financial knowledge, and credit card attitudes. Journal of Family and Economic Issues, 34(4), 369–381.
Hanson, T. A., & Olson, P. M. (2018). Financial literacy and family communication patterns. Journal of Behavioral and Experimental Finance, 19, 64–71.
Hill, N. E., Witherspoon, D. P., & Bartz, D. (2018). Parental involvement in education during middle school: Perspectives of ethnically diverse parents, teachers, and students. The Journal of Educational Research, 111(1), 12–27.
Houle, J. N. (2014). Disparities in debt: Parents’ socioeconomic resources and young adult student loan debt. Sociology of Education, 87(1), 53–69.
Hung, A., Yoong, J., & Brown, E. (2012). Empowering women through financial awareness and education.
Ishimaru, A. M. (2019). From family engagement to equitable collaboration. Educational Policy, 33(2), 350–385.
Jamal, A. A. A., Ramlan, W. K., Karim, M. A., & Osman, Z. (2015). The effects of social influence and financial literacy on savings behavior: A study on students of higher learning institutions in Kota Kinabalu, Sabah. International Journal of Business and Social Science, 6(11), 110–119.
Jang, M., Owen, B., & Lauver, D. R. (2019). Different types of parental stress and childhood obesity: A systematic review of observational studies. Obesity Reviews, 20(12), 1740–1758.
Kim, J., & Chatterjee, S. (2013). Childhood financial socialization and young adults’ financial management. Journal of Financial Counseling and Planning, 24(1), 61.
Kruzhkova, O. V, Vorobyeva, I. V, Zhdanova, N. E., & Ljovkina, A. O. (2018). Adolescent vandalism: the role of the parent-child relationship in the development of destructive behavior. Psychology in Russia: State of the Art, 11(3), 168–182.
LeBaron, A. B., Marks, L. D., Rosa, C. M., & Hill, E. J. (2020). Can we talk about money? Financial socialization through parent–child financial discussion. Emerging Adulthood, 8(6), 453–463.
LeBaron, A. B., Runyan, S. D., Jorgensen, B. L., Marks, L. D., Li, X., & Hill, E. J. (2019). Practice makes perfect: Experiential learning as a method for financial socialization. Journal of Family Issues, 40(4), 435–463.
Legenzova, R., Gaigalienė, A., & Leckė, G. (2019). Impact of parental financial socialization factors on financial literacy of Lithuanian high school students. Acta Prosperitatis, 10, 41–60.
Leila, F., Laily, P., Maimunah, I., Sharifah, A. H., & Jariah, M. (2011). Assessment of university studentsâ€TM financial management skills and educational needs. African Journal of Business Management, 5(15), 6085–6091.
Lusardi, A., Mitchell, O. S., & Curto, V. (2010). Financial literacy among the young. Journal of Consumer Affairs, 44(2), 358–380.
Miller, J., & Yung, S. (1990). The role of allowances in adolescent socialization. Youth & Society, 22(2), 137–159.
Norvilitis, J. M., & MacLean, M. G. (2010). The role of parents in college students’ financial behaviors and attitudes. Journal of Economic Psychology, 31(1), 55–63.
O’Boyle Jr, E. H., Pollack, J. M., & Rutherford, M. W. (2012). Exploring the relation between family involvement and firms’ financial performance: A meta-analysis of main and moderator effects. Journal of Business Venturing, 27(1), 1–18.
Putri, G., Rahadi, R. A., & Tiara, A. R. (2020). A conceptual study on the impact of parental influence in improving financial literacy of university students. Asia Pacific Journal of Social Science Research, 5(1), 12–20.
Qi, D., & Wu, Y. (2020). Family’s social economic status and child educational outcomes in China: The mediating effects of parenting practices and children’s learning attitudes. Children and Youth Services Review, 118, 105387.
Rajan, R. G. (2006). Has finance made the world riskier? European Financial Management, 12(4), 499–533.
Remund, D. L. (2010). Financial literacy explicated: The case for a clearer definition in an increasingly complex economy. Journal of Consumer Affairs, 44(2), 276–295.
Robertson-Rose, L. (2020). “Because my father told me to”: Exploratory insights into parental influence on the retirement savings behavior of adult children. Journal of Family and Economic Issues, 41(2), 364–376.
Rudeloff, M., Brahm, T., & Pumptow, M. (2019). Does gender matter for the use of learning opportunities? Potential explanation for the gender gap in financial literacy. Citizenship, Social and Economics Education, 18(3), 128–142.
Sabana, B. (2014). Entrepreneur Financial Literacy, Financial Access, Transaction Costs and Performance of Micro Enterprises in Nairobi City County, Kenya. International Journal of Research in Management, Economics and Commerce, 231.
Sabri, M. F., & Falahati, L. (2012). Estimating a model of subjective financial well-being among college students. International Journal of Humanities and Social Science, 2(18), 191–199.
Sanders, M. R., & Turner, K. M. T. (2018). The importance of parenting in influencing the lives of children. In Handbook of parenting and child development across the lifespan (pp. 3–26). Springer.
Sharif, S. P., & Naghavi, N. (2020). Family financial socialization, financial information seeking behavior and financial literacy among youth. Asia-Pacific Journal of Business Administration, 12(2), 163–181.
Shaturaev, J. (2021). indonesia: superior policies and management for better education (Community development through Education). Архив Научных Исследований, 1(1).
Sherraden, M., Peters, C., Wagner, K., Guo, B., & Clancy, M. (2013). Contributions of qualitative research to understanding savings for children and youth. Economics of Education Review, 32, 66–77.
Shim, S., Barber, B. L., Card, N. A., Xiao, J. J., & Serido, J. (2010). Financial socialization of first-year college students: The roles of parents, work, and education. Journal of Youth and Adolescence, 39(12), 1457–1470.
Shim, S., Xiao, J. J., Barber, B. L., & Lyons, A. C. (2009). Pathways to life success: A conceptual model of financial well-being for young adults. Journal of Applied Developmental Psychology, 30(6), 708–723.
Silva, T. P. da, Magro, C. B. D., Gorla, M. C., & Nakamura, W. T. (2017). Financial education level of high school students and its economic reflections. Revista de Administração (São Paulo), 52, 285–303.
Sinha, G., Tan, K., & Zhan, M. (2018). Patterns of financial attributes and behaviors of emerging adults in the United States. Children and Youth Services Review, 93, 178–185.
Sirsch, U., Zupančič, M., Poredoš, M., Levec, K., & Friedlmeier, M. (2020). Does parental financial socialization for emerging adults matter? The case of Austrian and Slovene first-year university students. Emerging Adulthood, 8(6), 509–520.
Sundarasen, S. D. D., Rahman, M. S., Othman, N. S., & Danaraj, J. (2016a). Impact of financial literacy, financial socialization agents, and parental norms on money management. Journal of Business Studies Quarterly, 8(1), 137.
Sundarasen, S. D. D., Rahman, M. S., Othman, N. S., & Danaraj, J. (2016b). Impact of Financial Literacy, Financial Socialization Agents, and Parental Norms on Money Management. Journal of Business Studies Quarterly, Vol. 8(No. 1), 140–158.
Van Campenhout, G. (2015). Revaluing the role of parents as financial socialization agents in youth financial literacy programs. Journal of Consumer Affairs, 49(1), 186–222.
Webley, P., & Nyhus, E. K. (2013). Economic socialization, saving and assets in European young adults. Economics of Education Review, 33, 19–30.
Xiao, J. J., Chatterjee, S., & Kim, J. (2014). Factors associated with financial independence of young adults. International Journal of Consumer Studies, 38(4), 394–403.
ZULFARIS, M. D., MUSTAFA, H., MAHUSSIN, N., ALAM, M. K., & DAUD, Z. M. (2020). Students and money management behavior of a Malaysian public university. The Journal of Asian Finance, Economics and Business, 7(3), 245–251.