The analysis of the RBL-STEM application in improving student financial literacy in controlling consumptive behavior

Abstract

This study aims to analyze the application of the RBL-STEM learning model in improving students' financial literacy to control their consumptive behavior. The method used in this study combines qualitative and quantitative methods by involving 110 students of Riau University. The data of this study were analyzed using SEM PLS on nine Hypotheses that link the application of the RBL-STEM model, student literacy, and student consumptive behavior. The results showed that one hypothesis was rejected, namely the relationship between Risk management and consumptive behavior. The results of the outer model show that each indicator has a composite reliability (CR) value of >0.7 and an average variance extracted (AVE) value of >0.5. It concludes that the outer model used in this study is good. Based on the analysis results, in general, the application of the RBL-STEM learning model has a significant influence on increasing student financial literacy, which has an impact on controlling student consumptive behavior.

Keywords

• RBL-STEM
• Students financial literacy
• Consumptive behavior