IDEAS home Printed from https://ideas.repec.org/a/gam/jijerp/v20y2022i1p55-d1009702.html
   My bibliography  Save this article

Bedtime and the Budget: Longitudinal, Actor–Partner Connections between Sleep Quality and Financial Management Behaviors in Newlywed Couples

Author

Listed:
  • Matthew T. Saxey

    (School of Family Life, Brigham Young University, Provo, UT 84602, USA)

  • Jeffrey P. Dew

    (School of Family Life, Brigham Young University, Provo, UT 84602, USA)

  • Jeremy B. Yorgason

    (School of Family Life, Brigham Young University, Provo, UT 84602, USA)

Abstract

Research from the American Psychological Association suggests that approximately 67% of U.S. adults are getting more or less sleep than desired, and over 80% of U.S. adults ages 18–43 are stressed about finances. Cross-sectional evidence suggests that there may be a connection between the two. That is, some cross-sectional research suggests a contemporaneous association between sleep quality and finances. Using two waves of newlywed dyadic data ( N = 1497 couples), we estimated a longitudinal structural equation model to test actor–partner associations between husbands’ and wives’ sleep quality and financial management behaviors. In these associations, we examined husbands’ and wives’ marital satisfaction as potential mediating variables. We found that both husbands’ and wives’ sleep quality longitudinally predicted their own and their partner’s financial management behaviors. Additionally, husbands’ and wives’ sleep quality—through wives’ marital satisfaction—indirectly and longitudinally predicted wives’ financial management behaviors. As financial practitioners encourage newlywed couples to consistently experience quality sleep, their financial management behaviors may benefit. We suggest that for newlywed couples, both partners’ bedtime may be longitudinally connected to both partners’ management of their budget.

Suggested Citation

  • Matthew T. Saxey & Jeffrey P. Dew & Jeremy B. Yorgason, 2022. "Bedtime and the Budget: Longitudinal, Actor–Partner Connections between Sleep Quality and Financial Management Behaviors in Newlywed Couples," IJERPH, MDPI, vol. 20(1), pages 1-14, December.
    • Handle: RePEc:gam:jijerp:v:20:y:2022:i:1:p:55-:d:1009702
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/1660-4601/20/1/55/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/1660-4601/20/1/55/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Jeffrey Dew & Connor Barham & E. Jeffrey Hill, 2021. "The Longitudinal Associations of Sound Financial Management Behaviors and Marital Quality," Journal of Family and Economic Issues, Springer, vol. 42(1), pages 1-12, March.
    2. Linda Skogrand & Alena Johnson & Amanda Horrocks & John DeFrain, 2011. "Financial Management Practices of Couples with Great Marriages," Journal of Family and Economic Issues, Springer, vol. 32(1), pages 27-35, March.
    3. Jeffrey Dew, 2021. "Ten Years of Marriage and Cohabitation Research in the Journal of Family and Economic Issues," Journal of Family and Economic Issues, Springer, vol. 42(1), pages 52-61, July.
    4. Lu Fan, 2021. "A Conceptual Framework of Financial Advice-Seeking and Short- and Long-Term Financial Behaviors: An Age Comparison," Journal of Family and Economic Issues, Springer, vol. 42(1), pages 90-112, March.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Abed Rabbani & Wookjae Heo & John E. Grable, 2021. "The role of financial literacy in describing the use of professional financial advisors before and during the COVID-19 pandemic," Journal of Financial Services Marketing, Palgrave Macmillan, vol. 26(4), pages 226-236, December.
    2. Scott Payne & Jeremy Yorgason & Jeffrey Dew, 2014. "Spending Today or Saving for Tomorrow: The Influence of Family Financial Socialization on Financial Preparation for Retirement," Journal of Family and Economic Issues, Springer, vol. 35(1), pages 106-118, March.
    3. H. Deniz Günaydın & Ihsan Erdem Kayral, 2024. "A Model into Relations Between Spousal Support, Financial Satisfaction, and Marital Satisfaction," Journal of Family and Economic Issues, Springer, vol. 45(3), pages 723-740, September.
    4. Sara Cantillon & Bertrand Maître & Dorothy Watson, 2016. "Family Financial Management and Individual Deprivation," Journal of Family and Economic Issues, Springer, vol. 37(3), pages 461-473, September.
    5. Yunchao Cai & Qian Li, 2024. "The Role of Relative Income in Determining Marital Satisfaction for Husband and Wife in China," Journal of Family and Economic Issues, Springer, vol. 45(1), pages 45-55, March.
    6. Jamie Wagner & William B. Walstad, 2023. "Gender Differences in Financial Decision-Making and Behaviors in Single and Joint Households," The American Economist, Sage Publications, vol. 68(1), pages 5-23, March.
    7. Brandan E. Wheeler & Cecilia Brooks, 2023. "Financial Concerns, Relationship Happiness, and Financial Management Behaviors: A Moderating Relationship Among Married and Cohabiting Respondents," Journal of Family and Economic Issues, Springer, vol. 44(2), pages 325-341, June.
    8. Jeffrey Dew, 2021. "Ten Years of Marriage and Cohabitation Research in the Journal of Family and Economic Issues," Journal of Family and Economic Issues, Springer, vol. 42(1), pages 52-61, July.
    9. Lu Fan & Robin Henager, 2022. "A Structural Determinants Framework for Financial Well-Being," Journal of Family and Economic Issues, Springer, vol. 43(2), pages 415-428, June.
    10. Jeffrey Dew & Ashley LeBaron & David Allsop, 2018. "Can Stress Build Relationships? Predictors of Increased Marital Commitment Resulting from the 2007–2009 Recession," Journal of Family and Economic Issues, Springer, vol. 39(3), pages 405-421, September.
    11. Clinton Gudmunson & Sharon Danes, 2011. "Family Financial Socialization: Theory and Critical Review," Journal of Family and Economic Issues, Springer, vol. 32(4), pages 644-667, December.
    12. Frederik Booysen & Sevias Guvuriro, 2021. "Gender Differences in Intra-Household Financial Decision-Making: An Application of Coarsened Exact Matching," JRFM, MDPI, vol. 14(10), pages 1-11, October.
    13. Jiří Pospíšil & Nataša Matulayová & Pavla Macháčková & Pavlína Jurníčková & Ivana Olecká & Helena Pospíšilová, 2021. "Value-Based Financial Risk Prediction Model," Risks, MDPI, vol. 9(11), pages 1-24, November.
    14. Ashley B. LeBaron & Melissa A. Curran & Xiaomin Li & Jeffrey P. Dew & Trevor K. Sharp & Melissa A. Barnett, 2020. "Financial Stressors as Catalysts for Relational Growth: Bonadaptation Among Lower-Income, Unmarried Couples," Journal of Family and Economic Issues, Springer, vol. 41(3), pages 424-441, September.
    15. Fenaba R. Addo & Xing Zhang, 2020. "Debt Concordance and Relationship Quality: A Couple-Level Analysis," Journal of Family and Economic Issues, Springer, vol. 41(3), pages 405-423, September.
    16. Susnaningsih Muat & Nurul Shahnaz Mahdzan & Mohd Edil Abd Sukor, 2024. "What shapes the financial capabilities of young adults in the US and Asia-Pacific region? A systematic literature review," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-15, December.
    17. Jocelyn S. Wikle & Chelom E. Leavitt & Jeremy B. Yorgason & Jeffrey P. Dew & Heather M. Johnson, 2021. "The Protective Role of Couple Communication in Moderating Negative Associations Between Financial Stress and Sexual Outcomes for Newlyweds," Journal of Family and Economic Issues, Springer, vol. 42(2), pages 282-299, June.
    18. Jeffrey Dew & Connor Barham & E. Jeffrey Hill, 2021. "The Longitudinal Associations of Sound Financial Management Behaviors and Marital Quality," Journal of Family and Economic Issues, Springer, vol. 42(1), pages 1-12, March.
    19. Amanda Barnett & Marlene Stum, 2012. "Couples Managing the Risk of Financing Long-Term Care," Journal of Family and Economic Issues, Springer, vol. 33(3), pages 363-375, September.
    20. Alair MacLean & Piotr Paradowski, 2024. "Financial Capability, Cumulative Advantage and Racial Inequality in Wealth," LWS Working papers 44, LIS Cross-National Data Center in Luxembourg.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jijerp:v:20:y:2022:i:1:p:55-:d:1009702. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.