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Family, Life Course, and Society

Journal of Financial Therapy

Financial management

Articles 1 - 5 of 5

Full-Text Articles in Social and Behavioral Sciences

Spenders And Tightwads Among Newlyweds: Perceptions Of Partner Financial Behaviors And Relational Well-Being, Heather H. Kelley, Alexa B. Chandler, Ashley B. Lebaron-Black, Xiaomin Li, Melissa A. Curran, Jeremy B. Yorgason, Spencer James Jan 2022

Spenders And Tightwads Among Newlyweds: Perceptions Of Partner Financial Behaviors And Relational Well-Being, Heather H. Kelley, Alexa B. Chandler, Ashley B. Lebaron-Black, Xiaomin Li, Melissa A. Curran, Jeremy B. Yorgason, Spencer James

Journal of Financial Therapy

Finances, and how couples manage their finances, can have important implications for couples’ relational well-being. Using data from 1,585 couples that participated in the CREATE study (a nationally representative dyadic dataset of U.S. newlywed couples), we examined how perceiving one’s spouse as a financial spender (i.e., spending more than they ideally would) or financial tightwad (i.e., spending less than they ideally would) was associated with several measures of relational well-being (i.e., satisfaction, commitment, and power) through actor-partner interdependence structural equation models. Results showed that perceiving one’s partner as a spender was detrimental for both the individual’s and the partner’s marital …


Let’S Talk About Money: The Role Of Attachment Styles In Couples’ Financial Communication, Financial Management, And Financial Conflict, Monique M. H. Pollmann Jan 2021

Let’S Talk About Money: The Role Of Attachment Styles In Couples’ Financial Communication, Financial Management, And Financial Conflict, Monique M. H. Pollmann

Journal of Financial Therapy

There are many households with financial problems, but most research on financial management is restricted to individual effects, not taking into account the relationship these individuals are in. The current investigation tests whether a person’s attachment style predicts how comfortable they are talking about financial issues with their partner and how that relates to different financial outcome variables. Two cross-sectional survey studies in the Netherlands and the US, each with more than 100 participants show that a higher score on anxious attachment is related to less communication about money with one’s partner. Less financial communication is related to worse financial …


Save, Even If It’S A Penny”: Transnational Financial Socialization Of Black Immigrant Women, Bertranna A. Muruthi, Kimberly Watkins, Megan A. Mccoy, Kenneth J. White, Amanda Stafford Mcrell, Michael Thomas, Abiola Taiwo Dec 2020

Save, Even If It’S A Penny”: Transnational Financial Socialization Of Black Immigrant Women, Bertranna A. Muruthi, Kimberly Watkins, Megan A. Mccoy, Kenneth J. White, Amanda Stafford Mcrell, Michael Thomas, Abiola Taiwo

Journal of Financial Therapy

The purpose of this study is to investigate Black-Caribbean and African women’s transnational financial socialization. Analysis of the data show 1) financial socialization in the country of origin: (a) parents stressed the importance of saving, (b) learned about money management explicitly, (c) learned about money management through observation, (d) learned by observing parent’s struggle; and 2) the impact to women’s financial navigation in the U.S.: (a) not receiving financial education, (b) unexpected financial stressors in the U.S., (c) difficulty saving, (d) the need for more financial education. Implications for mental health and financial practitioners and researchers are provided.


Financial Management And Marital Quality: A Phenomenological Inquiry, Emily D. Baisden, Jonathan J. Fox, Suzanne Bartholomae Jan 2018

Financial Management And Marital Quality: A Phenomenological Inquiry, Emily D. Baisden, Jonathan J. Fox, Suzanne Bartholomae

Journal of Financial Therapy

This study explores the link between couples’ financial management practices and their marital quality through qualitative inquiry. Six couples in their first marriage with at least one child age 18 or younger were interviewed to understand how the couples’ financial histories affect their current approach to financial management and how their financial management affects their relationships. Using Couples and Finances Theory as a conceptual framework, this phenomenological study investigates the connection between financial history, approach to financial management, and marital quality to offer implications for financial counselors and therapists. The ways couples manage their finances are diverse, as are the …


Financial Influences Impacting Young Adults’ Relationship Satisfaction: Personal Management Quality, Perceived Partner Behavior, And Perceived Financial Mutuality, Dung Minh Mao, Sharon M. Danes, Joyce Serido, Soyeon Shim Jan 2017

Financial Influences Impacting Young Adults’ Relationship Satisfaction: Personal Management Quality, Perceived Partner Behavior, And Perceived Financial Mutuality, Dung Minh Mao, Sharon M. Danes, Joyce Serido, Soyeon Shim

Journal of Financial Therapy

In this study, we investigated the extent to which young adults’ (n=274) personal financial management quality and perceived partners’ financial behavior were associated – both directly and indirectly via perceived financial mutuality – with relationship satisfaction in committed relationships. The study was grounded in Social Exchange Theory (SET). A path analysis revealed that perceived partner’s financial behavior had a direct association with perceived financial mutuality, which, in turn, had a direct association with relationship satisfaction. In contrast, the participant’s financial management quality and relationship satisfaction were not directly associated nor was they indirectly associated through perceived financial mutuality. Perceived financial …