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Determinants of Money Management Behavior
Author(s) -
Kidwell Blair,
Brinberg David,
Turrisi Robert
Publication year - 2003
Publication title -
journal of applied social psychology
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.822
H-Index - 111
eISSN - 1559-1816
pISSN - 0021-9029
DOI - 10.1111/j.1559-1816.2003.tb01948.x
Subject(s) - normative , psychology , debt , psychological intervention , relevance (law) , affect (linguistics) , social psychology , theory of planned behavior , control (management) , financial management , perceived control , finance , economics , management , political science , communication , psychiatry , law
Financial debt continues to rise, especially among college students, indicating a need for behavioral research to develop more effective money‐management interventions. This study examined social psychological variables relevant to money management decision making among college students. Attitude, affect, perceived ability, and past experience were found to influence money‐management behavior (i.e., maintaining a budget). We also examined an attitude model of money management and found 9 variables (e.g., normative influence, perceived barrier, perceived control) that determined attitudes toward maintaining a budget. The relevance of our findings to debt prevention is discussed.