Financial Self-Efficacy and Values Predict Money Management Behavior in College Students

Virtual · June 2020

Poster Sessions · Cognitive

Nathalie Cote
Belmont Abbey College
Alejandro Nodarse
Belmont Abbey College
Tori Whaley
Belmont Abbey College
Manuela Fungate
Belmont Abbey College
Aziza Stansberry
Belmont Abbey College
Emily Martinez
Belmont Abbey College
Roberto Murillo
Belmont Abbey College
S. Monrroy
Belmont Abbey College
Grace Hetzel
Belmont Abbey College

Abstract

This online survey of college students (age 18-59) found money management behaviors were better predicted by financial self-efficacy, willingness to take risks, age, and gender rather than finance knowledge. Financial literacy educators must address beliefs and attitudes about money in addition to students’ comprehension of personal finance concepts.

Cognitive Processes

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Financial Self-Efficacy and Values Predict Money Management Behavior in College Students

Abstract

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