The Road to Financial Satisfaction: Testing the Paths of Knowledge, Attitudes, Sense of Control, and Positive Financial Behaviors

Q4 Social Sciences

Journal of Financial Therapy Pub Date : 2020-02-01 DOI:10.4148/1944-9771.1240

Shekinah E. Dare, W. V. Dijk, E. Dijk, L. F. Dillen, M. Gallucci, Olaf Simonse

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引用次数: 1

Abstract

A goal of financial therapies is to increase clients’ financial satisfaction by helping them to perform positive financial behaviors. The present study argues that the success of such therapies can be further enhanced by considering the individual factors that underlie such behaviors. To identify the possibly most promising factors, data from the 2018 MAS Financial Capability Survey (n = 2,133) were used and three sets of individual factors were examined: knowledge factors (financial knowledge and financial confidence), attitudinal factors (future orientation and attitude toward money), and sense of control factors (spending self-control and perceived behavioral control). Path analysis findings indicated that all factors were associated with financial satisfaction via one or more positive financial behaviors. All factors except for attitude toward money were also directly related to financial satisfaction. Financial confidence was the most promising individual factor to improve clients’ financial satisfaction, followed by future orientation and perceived behavioral control.

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财务满意度之路:测试知识、态度、控制感和积极财务行为的路径

金融治疗的一个目标是通过帮助客户执行积极的金融行为来提高他们的金融满意度。目前的研究认为，通过考虑这些行为背后的个体因素，可以进一步提高此类治疗的成功率。为了确定可能最有希望的因素，我们使用了2018年MAS金融能力调查(n = 2133)的数据，并检查了三组个人因素:知识因素(金融知识和金融信心)、态度因素(未来取向和对金钱的态度)和控制感因素(消费自我控制和感知行为控制)。通径分析结果表明，所有因素都通过一种或多种积极的财务行为与财务满意度相关。除对金钱的态度外，其他因素均与财务满意度有直接关系。财务信心是最有希望提升客户财务满意度的个体因素，其次是未来导向和感知行为控制。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Financial Therapy Economics, Econometrics and Finance-Finance

CiteScore

0.80

自引率

0.00%

发文量

审稿时长

29 weeks

期刊介绍： All manuscripts received are blind peer reviewed. Because of the clinical focus of the journal, authors are encouraged to address the conceptual methodology underlying the research and to describe the intervention methods employed. Although detailed reviews of literature are accepted, reviewers tend to appreciate manuscripts with a very strong introduction describing the purpose of the study, a well described conceptual framework, concise presentation of findings, and a thorough discussion of results that are applicable to practicing financial therapists, financial counselors, psychologists, marriage and family therapists, and others who regularly work in clinical settings. Topics of interest to readers and reviewers include: *Pre- and post-test analyses of counseling and financial therapy methods *Tests showing the effectiveness of financial education in changing both attitudes and behaviors *Financial therapy trends *Regulation of financial therapy *Ethical issues associated with financial therapy *Practice management techniques *Client assessment and management procedures *Employee counseling and therapy *Financial therapy research methodological and statistical procedures *Book reviews and letters The Journal of Financial Therapy is sponsored by the Financial Therapy Association and currently housed within the Institute of Personal Financial Planning at Kansas State University. The Journal provides a forum for those who are interested in financial therapy with a forum for sharing models, theory, ideas, strategies, and therapy approaches.