Main Article Content
Abstract
Effective financial management improves resource efficiency and supports sustainable development. Accordingly, this study aims to analyze the effects of e-wallet usage, financial literacy, and mental accounting on the financial management abilities of Generation Z. As a generation growing up in the digital era, Gen Z experiences challenges in managing their finances due to the influence of social media and trends. This study employed a quantitative approach with a survey method on 111 students in Salatiga. The obtained data were then analyzed with multiple linear regression. The results demonstrate that e-wallet usage, financial literacy, and mental accounting have a positive impact on Generation Z’s financial management ability. Our findings support attribution theory, especially internal attributes, which emphasize the roles of knowledge, skills, and self-control in managing finances. The practical implications of this study lie in the importance of financial literacy, the use of e-wallets in financial planning, and the implementation of mental accounting to optimize fund allocations. This study also offers recommendations for e-wallet developers to design features that support financial planning and control.