<![CDATA[This research investigates psychological factors including underconfidence bias, analytical/intuitive decision-making approach, self/significant other orientation, and time orientation that influence people's financial planning in short and long-term perspectives under the Covid-19 pandemic situation. The data were collected from the online survey by using a convenience sampling technique. A total of 331 valid responses were scaled on 7 Likert-type questions. Multiple regression analyses were performed in analyzing the hypotheses. This study provides empirical insight into the relationship between psychological factors and financial planning in the short and long-term perspectives. The results indicate both financial planning in short and long-term perspectives is positively associated with analytical decision-making style, time orientation, self, and other orientation. Underconfidence bias is negatively associated only with long-term financial planning but, in contrast, is not supported by evidence to a short-term perspective. Finally, intuitive-decision making is not correlated with financial planning in short-term perspective. This study helps individuals to design better personal financial planning and financial institution to develop more relevant financial services for targeted clients. This study uses consumer behavior's perspective and figures out the gap in consumer behavior literature, especially investigating the underconfidence bias effect on Indonesian's financial planning.]]>
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