Financial Literacy and Hedonistic Lifestyle Shape Teachers’ Money Management in Ambon
Financial literacy and hedonistic lifestyle significantly influence how teachers and staff manage their personal finances at SMP Negeri 3 Ambon, according to a 2026 study published in the International Journal of Integrative Research. The research was conducted by Roy Seleky, S.E., M.Si., from Universitas Pattimura. Based on data collected from all 35 teachers and employees at the school, the findings show that both financial knowledge and lifestyle choices strongly determine financial stability. The results matter because they highlight how income earners in the education sector can improve long-term financial well-being through better literacy and lifestyle control.
Rising Costs, Limited Income
Ambon City’s minimum wage stands at Rp2,811,111 per month, a figure that many respondents say barely covers living expenses. Interviews conducted during the study revealed a recurring pattern: salaries often run out before the end of the month. At the same time, consumer trends and social pressures encourage spending on non-essential items.
Roy Seleky of Universitas Pattimura notes that financial literacy is not simply about knowing banking terms. It includes understanding budgeting, saving, borrowing, insurance, and investment decisions. Without these skills, individuals are more vulnerable to impulsive consumption.
Lifestyle also plays a major role. A hedonistic lifestyle—defined as prioritizing pleasure, luxury, and instant gratification—can push individuals toward spending patterns that undermine financial planning.
How the Study Was Conducted
Roy Seleky used a quantitative research design with a census method. Instead of sampling a portion of respondents, the study surveyed all 35 teachers and staff members at SMP Negeri 3 Ambon.
Data collection methods included:
-Structured questionnaires using a Likert scale
-Direct interviews with selected respondents
-Statistical analysis using SPSS version 29
The research measured three key variables:
-Financial Literacy (X1)
-Hedonistic Lifestyle (X2)
-Personal Financial Management (Y)
Before running the regression analysis, the data passed validity and reliability tests. Cronbach’s alpha values ranged from 0.867 to 0.926, indicating strong internal consistency. Normality, multicollinearity, and heteroscedasticity tests confirmed that the regression model met statistical assumptions.
Key Findings
The results show that both financial literacy and hedonistic lifestyle significantly affect personal financial management.
1. Financial Literacy Has a Strong Positive Effect
-t-value: 3.229
-Significance level: 0.003 (below 0.05 threshold)
-Regression coefficient (B): 0.697
This means higher financial literacy is associated with better financial management practices, including budgeting, saving, debt control, and record-keeping.
2. Hedonistic Lifestyle Also Has a Significant Effect
-t-value: 3.813
-Significance level: 0.001
-Regression coefficient (B): 0.555
Interestingly, the statistical model shows a positive relationship. However, in practical terms, higher hedonistic tendencies influence how financial decisions are made, often increasing spending on lifestyle-related needs.
3. Combined Influence Is Very High
-R Square (R²): 0.801
This figure means 80.1% of variations in personal financial management can be explained by financial literacy and hedonistic lifestyle factors. Only 19.9% is influenced by other variables not examined in the study.
Roy Seleky from Universitas Pattimura emphasizes in the article that financial literacy plays the dominant role among the two variables. “Understanding financial concepts directly improves the ability to plan, save, and make responsible financial decisions,” he explains in the published findings.
Why This Research Is Important
Teachers and school employees are often seen as financially stable due to fixed monthly income. However, this study demonstrates that income stability does not automatically guarantee financial security.
The research highlights three critical insights:
-Knowledge reduces financial risk.
-Lifestyle pressures can weaken budgeting discipline.
-Education institutions should promote financial literacy programs internally.
For policymakers, the findings support broader financial education campaigns among civil servants and public sector employees. For schools, the study suggests that financial training workshops could improve staff welfare and reduce financial stress.
For individuals, the message is direct: income level alone does not determine financial well-being. Financial habits and lifestyle choices matter just as much.
Real-World Implications
The study recommends practical steps for teachers and employees:
-Prioritize needs over wants
-Create monthly budgets
-Allocate funds for savings and investment
-Use financial tracking applications
-Regularly evaluate spending habits
By strengthening financial literacy and moderating lifestyle choices, teachers can achieve better long-term stability.
The research from Universitas Pattimura also encourages future studies to include additional variables such as work motivation, locus of control, or employee performance to provide a broader understanding of financial behavior.
Author Profile
Roy Seleky, S.E., M.Si.
Lecturer and researcher at Universitas Pattimura, Ambon, Indonesia.
Field of expertise: Financial management and behavioral finance.
Roy Seleky focuses on financial literacy, personal finance behavior, and economic decision-making among public sector employees.
Source
Seleky, Roy. 2026.
“The Influence of Financial Literacy and Hedonistic Lifestyle on Personal Financial Management of Teachers and Employees at SMP Negeri 3 Ambon.”
International Journal of Integrative Research (IJIR), Vol. 4 No. 1, 2026.
Official URL: https://mrymultitechpublisher.my.id/index.php/ijir
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