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BUDGET BEHAVIOUR: VARIANCE OVER THE LIFE CYCLE OF LOW INCOME FAMILIES
Author(s) -
MULLIS RANDOLPH J.,
SCHNITTGRUND KAREN P.
Publication year - 1982
Publication title -
journal of consumer studies and home economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.775
H-Index - 71
eISSN - 1470-6431
pISSN - 0309-3891
DOI - 10.1111/j.1470-6431.1982.tb00591.x
Subject(s) - phoenix , sample (material) , variance (accounting) , low income , economics , family income , demographic economics , business , public economics , economic growth , accounting , geography , chemistry , archaeology , metropolitan area , chromatography
Several circumstances contribute to the economic demands of low‐income families. One of these is a family's stage of development. A family is most economically vulnerable during the expanding stage of development. The main objective of this study was to see if low‐income families used budgeting to cope with the economic demands of the expanding stage. A sample of 199 randomly selected low‐income families from Phoenix, Arizona, were surveyed to explore their use of budgeting, the style of budgeting used, their satisfaction with income and their attitudes toward money management practices. The results raised several questions about the emphasis that family economics and management professionals place upon budgeting.