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Full-Text Articles in Education
Investigating Financial Biases That Can Increase Impact On Paying Bills And Saving, Lucy M. Delgadillo
Investigating Financial Biases That Can Increase Impact On Paying Bills And Saving, Lucy M. Delgadillo
Applied Sciences, Technology and Education Faculty Publications
This article explores financial biases and their relation to financial management behaviors. Using cognitive, evolutionary psychology, and behavioral finance theories, this study suggests that biases can be intentionally used to our benefit. The study shows statistically significant associations between some biases and financial management practices such as paying bills on time and saving regularly in the surveyed sample. The study provides insights into intentionally using financial biases to increase impact and success by helping individuals commit to the best course of action or choose the least costly financial alternative.
Recognizing Linguistic Cues To Align Financial Coaching Strategies With The Transtheoretical Model Of Change, Lucy M. Delgadillo
Recognizing Linguistic Cues To Align Financial Coaching Strategies With The Transtheoretical Model Of Change, Lucy M. Delgadillo
Applied Sciences, Technology and Education Faculty Publications
Financial coaching is more effective if a finance professional understands where a client is in the process of change. This article presents five mini scenarios exemplifying the stages of change as they apply to clients receiving financial coaching as well as a sampling of coaching strategies useful for helping clients move through those stages. In particular, the focus of each mini scenario is language used by clients that can provide clues about the stage of change the client is in. Financial management Extension professionals can use the information presented to recognize linguistic cues related to stages of change and align …
Pedagogical Experience Of Teaching Financial Coaching, Lucy M. Delgadillo
Pedagogical Experience Of Teaching Financial Coaching, Lucy M. Delgadillo
Applied Sciences, Technology and Education Faculty Publications
This study reports on the pedagogical experience of teaching a financial coaching course to personal and family finance undergraduate students at Utah State University. The paper describes the conceptualization of the class, including theoretical frameworks, ethical considerations, practitioners’ models, learning objectives, and competencies. The assessment of the course provided data used by the instructor to refine and adjust future course content and assignments. Quantitative data were collected in pre-and post-tests assessments. The quantitative assessment shows statistically significant gains in specific coaching skills and competencies. The qualitative assessment indicated that, at the end of the course, students had better understanding of …