Relationships Among Emotion Regulation, Financial Self-Efficacy, and Financial Management Behaviors of Couples

Relationships Among Emotion Regulation, Financial Self-Efficacy, and Financial Management Behaviors of Couples

This study examines the relationships among emotion regulation, financial self-efficacy, and couples’ financial management behaviors using the baseline data from 239 heterosexual couples (478 individuals) enrolled in a community-based relationship and financial education program. Structural Equation...

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Bibliographic Details
Published in:Journal of family and economic issues 2023-06, Vol.44 (2), p.342-355
Main Authors: Kim, Jinhee, Falconier, Mariana K., Conway, C. Andrew
Format: Article
Language:eng
Subjects:
Behavior
Couples
Decision making
Educational programs
Effects
Emotional regulation
Emotions
Family
Financial literacy
Financial management
Heterosexuality
Influence
Interdependence
Management
Original Paper
Personality and Social Psychology
Policy making
Self control
Self-efficacy
Social Policy
Social Sciences
Sociology
Structural equation modeling
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Summary:This study examines the relationships among emotion regulation, financial self-efficacy, and couples’ financial management behaviors using the baseline data from 239 heterosexual couples (478 individuals) enrolled in a community-based relationship and financial education program. Structural Equation Modeling was used to test an Actor-Partner Interdependence Model that examined both the individual and partner effects of emotion regulation on financial management behaviors mediated by financial self-efficacy. For both partners, there were significant effects of emotion regulation on financial self-efficacy and significant effects of financial self-efficacy on financial management. There was a significant positive, indirect association of emotion regulation with her overall financial management behaviors for female partners. There was a significant partner effect from males’ financial self-efficacy on female partners’ financial management behaviors. Implications for researchers, policymakers, and practitioners are discussed.
ISSN:1058-0476
1573-3475