Written By: Jodi L. Parrotta and Phyllis J. Johnson

Jodi L. Parrotta(1) and Phyllis J. Johnson(2) Using a financial management model derived from the Deacon and Firebaugh Family Resource Management Model, this study examined the impact of financial attitudes and knowledge on financial management and satisfaction with financial status in a sample of 194 recently married individuals. Higher income and positive attitudes about finances, but not the amount of financial knowledge, predicted use of recommended financial management practices. Financial knowledge did not moderate the relationship between attitudes and practices, i.e., the relationship was not stronger when financial knowledge was high. Higher income and the use of recommended financial practices were related to increased satisfaction with financial status. Key Words: Financial attitudes, Financial knowledge, Financial management, Financial satisfaction, Newlyweds

Download Journal

Comments are closed.