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Preschoolers' Saving Behavior: The Role of Planning and Self‐Control
Author(s) -
Kamawar Deepthi,
Connolly Kimberly,
AstleRahim Andrea,
Smygwaty Serena,
Vendetti Corrie
Publication year - 2018
Publication title -
child development
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 3.103
H-Index - 257
eISSN - 1467-8624
pISSN - 0009-3920
DOI - 10.1111/cdev.13037
Subject(s) - psychology , control (management) , self control , developmental psychology , economics , management
Planning and self‐control were examined in relation to preschoolers' (41‐ to 74‐months) saving behavior. Employing a marble run paradigm, 54 children participated in two trials in which they could use their marbles immediately on a less desirable run, or save for a more desirable run. Twenty‐nine children received the opportunity to create a budget. On Trial 1, children in the budgeting condition saved significantly more than did children in the control condition, and their planning ability related to saving (after controlling for age and language). Those who consistently budgeted at least one marble for the more desirable run were more likely to save. Control children's performance improved across trials, with no between‐condition differences on Trial 2. Self‐control was not related to saving.