Debt Holding, Financial Behavior, and Financial Satisfaction

Autor/inn/en	Aboagye, Judith; Jung, Ji Young
Titel	Debt Holding, Financial Behavior, and Financial Satisfaction
Quelle	In: Journal of Financial Counseling and Planning, 29 (2018) 2, S.208-217 (11 Seiten) PDF als Volltext kostenfreie Datei Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	1052-3073
Schlagwörter	Correlation; Money Management; Purchasing; Risk; Family Financial Resources; Student Financial Aid; Loan Repayment; Debt (Financial); Real Estate; Ownership; Role; Credit (Finance); Family Size; Marital Status; Age Differences; Gender Differences; Budgets; Educational Attainment + Suchen Sie Ihr Suchwort? Korrelation; Beschaffungswesen; Kauf; Risiko; Finanzielle Beihilfe; Studienfinanzierung; Studienförderung; Grundstück; Eigentum; Rollen; Credit; Kredit; Familiengröße; Familienstand; Age; Difference; Age difference; Altersunterschied; Geschlechterkonflikt; Finanzhaushalt; Bildungsabschluss; Bildungsgut
Abstract	This study examined factors associated with financial satisfaction and found that financial behaviors/attitudes provide the strongest explanation for the total variance in financial satisfaction. While overspending had a strong negative association with financial satisfaction, having a higher risk tolerance, no difficulty with monthly bill payments, and savings in an emergency fund, were all positively associated with financial satisfaction. Households with student loan debts and homeowners with mortgage loans were also less likely to be satisfied with their overall financial situation. The findings underscore the important role of positive savings and spending behavior on overall financial satisfaction and the opportunity for financial counselors, educators, and coaches to focus on motivating clients to save and plan ahead. (As Provided).
Anmerkungen	Association for Financial Counseling and Planning Education. 1500 West Third Avenue Suite 223, Columbus, OH 43212. Tel: 614-485-9650; Fax: 614-485-9621; Web site: http://afcpe.org
Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2020/1/01