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Social and Behavioral Sciences Commons™
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Full-Text Articles in Social and Behavioral Sciences
Money Disorders And Locus Of Control: Implications For Assessment And Treatment, Colby D. Taylor, Bradley Klontz, Derek Lawson
Money Disorders And Locus Of Control: Implications For Assessment And Treatment, Colby D. Taylor, Bradley Klontz, Derek Lawson
Journal of Financial Therapy
Research has implicated locus of control (LOC) as a factor in the development of psychological disorders, but few studies have examined how LOC relates to money disorders, which occur when stress surrounding money negatively impacts financial health. The present study utilized hierarchical regression to examine how select demographic factors and LOC contribute to 7 distinct money disorders among a sample of 164 college students. Results demonstrate that the link between external LOC and money disorders is stronger than indicated by previous research. Unlike demographic factors, which are static and were not found to predict money disorders in the present study, …
Internal Consistency And Convergent Validity Of The Klontz Money Behavior Inventory (Kmbi), Colby D. Taylor, Bradley Klontz, Sonya L. Britt
Internal Consistency And Convergent Validity Of The Klontz Money Behavior Inventory (Kmbi), Colby D. Taylor, Bradley Klontz, Sonya L. Britt
Journal of Financial Therapy
The Klontz Money Behavior Inventory (KMBI) is a standalone, multi-scale measure than can screen for the presence of eight distinct money disorders. Given the well-established relationship between mental health and financial behaviors, results from the KMBI can be used to inform both mental health care professionals and financial planners. The present study examined the internal consistency and convergent validity of the KMBI, through comparison with similar measures, among a sample of college students (n = 232). Results indicate that the KMBI demonstrates acceptable internal consistency reliability and some convergence for most subscales when compared to other analogous measures. These …