Money and Emerging Adults: A Glimpse into the Lives of College Couples’ Financial Management Practices

Rea, Jennifer K.; Zuiker, Virginia Solis; Mendenhall, Tai J.

doi:10.4148/1944-9771.1110

Cited by 12 publications

(14 citation statements)

References 37 publications

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“…In this study, we did not focus on the financial impact of children on the relationship, but rather acknowledged that a family's financial needs change with the addition of children who introduce new financial implications to the family unit. Through examination of the direct experiences of six couples, this study reinforces the literature that has quantified the approaches couples can take to ISSN: 1945-7774 CC by-NC 4.0 2018 Financial Therapy Association managing their finances and how this may link to marital quality (Addo & Sassler, 2010;Archuleta, 2008Archuleta, , 2013Pahl, 1995;Rea et al, 2016).…”

Section: Resultssupporting

confidence: 57%

“…However, the effect of childbirth did not significantly affect money management systems in terms of independent money management or joint pooling (Lott, 2017). Rea, Zuiker, and Mendenhall (2016) used mixed-methods to understand money management practices of students in relationships and found communication in participant's relationships to be an important factor during life transitions and in their own personal financial knowledge. Qualitative research on financial management and marital quality has yet to specifically target married couples with children living in the home.…”

Section: Marital Qualitymentioning

confidence: 99%

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Financial Management and Marital Quality: A Phenomenological Inquiry

Baisden¹,

Fox²,

Bartholomae³

2018

Journal of Financial Therapy

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Section: Resultssupporting

confidence: 57%

Section: Marital Qualitymentioning

confidence: 99%

Financial Management and Marital Quality: A Phenomenological Inquiry

Baisden¹,

Fox²,

Bartholomae³

2018

Journal of Financial Therapy

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“…The intersection of new freedoms and responsibility, adjusting to a new environment, and meeting new people, create new challenges that contribute to the process of relationship formation, maintenance, and dissolution (Madey & Jilek, 2012). It is likely that romantic partners find out about one another's money habits and behaviors during the process of relationship formation, and challenges can occur when partners have opposing financial beliefs (Rea, Zuiker, & Mendenhall, 2016).…”

Section: College Students' Financial Knowledge and Financial Avoidancementioning

confidence: 99%

“…A wealth of research has linked relationship functioning with financial well-being (for better or worse). Handling and navigating finances and money is an important indicator and diagnostic tool of relationship success (Shapiro, 2007), and even college students believe they should communicate about both individual and combined finances with their partner (Rea, Zuiker, & Mendenhall, 2016). Research has found that having shared financial goals and values, and communicating about their individual and combined finances, are important for relationship health, and this has been found in both married samples (Archuleta, 2013) and unmarried college students who are dating (Rea, Zuiker, & Mendenhall, 2016).…”

Section: Finances and Conflictmentioning

confidence: 99%

Associations between Financial Avoidance, Emotional Distress, and Relationship Conflict Frequency in Emerging Adults in College

Novak¹,

R²

2017

Journal of Financial Therapy

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Some research shows that college students are not aware of their financial situation and even avoid engaging with their finances. Research has yet to investigate how this financial avoidance is associated with emotional and relational health for college students in romantic relationships. As such, the purpose of this study was to identify the associations between financial avoidance and conflict frequency. Emotional distress was included as a possible mediator of the association. Results revealed that for both men and women, higher financial avoidance was indirectly associated with increased conflict frequency with their partner through increased emotional distress. A direct association was found for men. These results are important as they may give insight into increased mental health issues and relational distress in college students. Implications for practice are discussed. Relationships and FinancesRomantic relationships in college. Although a complex process, forming and sustaining healthy romantic relationships during emerging adulthood is considered one of Journal of Financial Therapy Volume 8, Issue 2 (2017) ISSN: 1945-7774 CC by-NC 4.0 2017 Financial Therapy Association 65 ISSN: 1945-7774 CC by-NC 4.0 2017 Financial Therapy Association 702.122, p =.547; CFI = 1.00; TLI = 1.00; RMSEA = .000; SRMR = .014. Standardized factor loadings were .94 for men's depression and .95 for women's depression, .86 for men's anxiety and .89 for women's anxiety, .72 for men's stress and .82 for women's stress.Conflict frequency. Conflict frequency was measured by asking respondents about the amount of conflict that existed across nine domains of the relationships (Kluwer & Johnson, 2007). This scale was originally adapted from Van De Vliert (1996, 1997). The questions stemmed from the following: "How often did you have a difference of opinion, disagreement, fight, or argument about": (a) money, (b) division of housework, (c) division of childcare, (d) family or in-laws, (e) amount of time spent together, (f) how to spend leisure time, (g) physical intimacy (e.g., sex), (h) emotional intimacy, and (i) goals in life. Responses ranged from 1 never to 7 very often, items were averaged, and higher scores indicated more frequent conflict (Men: M = 2.91, S.D. = 1.08; women: M = 2.63, S.D. = .95). Cronbach's alpha reliability coefficients were .89 for men and .86 for women. Control variables.We included several important control variables-age, hours worked, income, amount of student loans, credit card debt, amount of financial aid, amount of aid from family, relationship length, and relationship status-because of their potential relationship to financial health and well-being (Archuleta, Dale, & Spann, 2013). All variables were scored to be continuous (except relationship status), so that higher scores reflected higher/more of that scale. The following categories of relationship status were dummy coded (0, 1): Dating and cohabiting, dating and not cohabiting, engaged, and married. Analytic PlanDescriptive statistics and bivariate...

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“…Therefore, the demand for money management assists undergraduates to be wiser and prudent when spending to avoid wasting money. If planning and management are systematically and efficiently implemented, the financial position will be sufficient and may even have a surplus and can be used as a savings (Rea, Zuiker, & Mendenhall, 2016).…”

Section: Introductionmentioning

confidence: 99%

Determinant Factors of Money Management among Nigerian Undergraduates

Adebisi

Odunayo

Oritshegbemi

et al. 2020

JCS

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The study assessed money management on Nigerian undergraduates at the University of Ilorin, Nigeria. Six research questions and four hypotheses were formulated. Descriptive research of a survey type was adopted. There were 16 faculties with five were selected purposively. The snowball method was used to select the sample size from the total population. A self-structured questionnaire was used to elicit information from the participants. Data collected were analyzed using frequency and percentage, while hypotheses were tested using ANOVA at 0.05 level of significance. Based on the findings, the participants agreed that they had different sources of money to make use of with a grand mean score of 2.83, while the course of study, religious beliefs, relationship status, and lifestyle influenced their money management with grand mean scores 2.80, 2.56, 2.85 and 2.70 respectively. The research hypotheses depicted the insignificant effect on religious beliefs, lifestyle, and relationship status had on money management, but only the effect of undergraduates' course of study was significant, and thus, the hypothesis was rejected. Conclusively, every undergraduate should apply a good pattern of financial behavior for improvement and sensitize themselves on money appropriateness since they will become future managers and decision-makers that will generate future revenues.

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Money and Emerging Adults: A Glimpse into the Lives of College Couples’ Financial Management Practices

Abstract: Being in a romantic relationship is a transition that many

Cited by 12 publications

References 37 publications

Financial Management and Marital Quality: A Phenomenological Inquiry

Financial Management and Marital Quality: A Phenomenological Inquiry

Associations between Financial Avoidance, Emotional Distress, and Relationship Conflict Frequency in Emerging Adults in College

Determinant Factors of Money Management among Nigerian Undergraduates

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