Money Beliefs and Financial Behaviors: Development of the Klontz Money Script Inventory
By Bradley T. Klontz, Sonya L. Britt, J. Mentzer, Ted Klontz. 2011
149 citations recorded by the source corpus.
Financial matters have been identified in the literature as a significant source of stress for individuals and families. However, little is known about the psychological issues related to money that may be contributing to individual and family problems. Using a sample of 422 individuals who identified their level of agreement on 72 money-related beliefs, this study identified four distinct money belief patterns (i.e., money avoidance, money worship, money status, and money vigilance). Three of these belief systems were significantly correlated with income and net worth. Demographic features associated with the four money belief scales are provided. The results of this study may be useful for practitioners interested in quickly and accurately identifying money beliefs in their clients that can have a negative impact on financial health.
Subfields: Applied Psychology, Clinical Psychology, Social Psychology
View Paper: https://www.semanticscholar.org/paper/3573bdf5c5eb307ab90c8b15a954b928c287deb2
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Social Psychology
Citations in the corpus
- College students and financial distress: exploring debt, financial satisfaction, and financial anxiety (2013, background): “Financial disorders that have been identified to date include: a) financial enabling, b) compulsive buying disorder, c) compulsive hoarding, d) pathological gambling, e) workaholism, f) financial dependence, g) financial infidelity, and h) financial enmeshment (Klontz et al., 2008; Klontz et al., 20”