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Pathways from Financial Knowledge to Relationship Satisfaction: The Roles of Financial Behaviors, Perceived Shared Financial Values with the Romantic Partner, and Debt

Author

Listed:
  • Casey J. Totenhagen

    (The University of Alabama)

  • Melissa J. Wilmarth

    (The University of Alabama)

  • Joyce Serido

    (University of Minnesota)

  • Melissa A. Curran

    (University of Arizona)

  • Soyeon Shim

    (University of Wisconsin-Madison)

Abstract

We examined how subjective and objective financial knowledge were associated with relationship satisfaction through pathways of finance-related rewards (positive financial behaviors, perceived shared financial values with the romantic partner, or lower debt) in a sample of cohabiting or married young adults (N = 162). We used Waves 2, 3, and 4 of the Arizona Pathways to Life Success for University Students (APLUS) study to conduct path analyses. No pathways were significant in longitudinal models. In the cross-sectional models (Wave 4), we found individuals’ own subjective (but not objective) financial knowledge was associated with relationship satisfaction. This association was indirect in the model with perceived shared financial values, demonstrating that shared financial values with the romantic partner may be a key mechanism linking financial knowledge to improved relationship quality.

Suggested Citation

  • Casey J. Totenhagen & Melissa J. Wilmarth & Joyce Serido & Melissa A. Curran & Soyeon Shim, 2019. "Pathways from Financial Knowledge to Relationship Satisfaction: The Roles of Financial Behaviors, Perceived Shared Financial Values with the Romantic Partner, and Debt," Journal of Family and Economic Issues, Springer, vol. 40(3), pages 423-437, September.
    • Handle: RePEc:kap:jfamec:v:40:y:2019:i:3:d:10.1007_s10834-019-09611-9
    DOI: 10.1007/s10834-019-09611-9
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    References listed on IDEAS

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    11. Ashley B. LeBaron & E. Jeffrey Hill & Christina M. Rosa & Travis J. Spencer & Loren D. Marks & Joshua T. Powell, 2018. "I Wish: Multigenerational Regrets and Reflections on Teaching Children About Money," Journal of Family and Economic Issues, Springer, vol. 39(2), pages 220-232, June.
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    Cited by:

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    2. 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.
    3. Hyesun Hwang & Hyung In Park, 2023. "The relationships of financial literacy with both financial behavior and financial well‐being: Meta‐analyses based on the selective literature review," Journal of Consumer Affairs, Wiley Blackwell, vol. 57(1), pages 222-244, January.
    4. Waqas Ali & Rehman Javaid & Shujahat Ali3 & Yasir Akram & Ayaz Ul Haq, 2019. "Infl Uence Of Life Events On The Financial Satisfaction Of Individuals," IBT Journal of Business Studies (JBS), Ilma University, Faculty of Management Science, vol. 15(1), pages 15-10.
    5. Rachel M. Okamoto & Matthew T. Saxey & Jocelyn S. Wikle & Ashley B. LeBaron-Black, 2024. "Confident Commitment: Financial Self-Efficacy’s Indirect Association with Romantic Relationship Flourishing Through Financial Behaviors," Journal of Family and Economic Issues, Springer, vol. 45(1), pages 35-44, March.
    6. Abdullah Al-Bahrani & Whitney Buser & Darshak Patel, 2020. "Early Causes of Financial Disquiet and the Gender Gap in Financial Literacy: Evidence from College Students in the Southeastern United States," Journal of Family and Economic Issues, Springer, vol. 41(3), pages 558-571, September.
    7. Pallavi Dogra & Arun Kaushal & Rishi Raj Sharma, 2023. "Antecedents of the Youngster’s Awareness About Financial Literacy: A Structure Equation Modelling Approach," Vision, , vol. 27(1), pages 48-62, February.
    8. Waqas Ali & Rehman Javaid & Shujahat Ali3 & Yasir Akram & Ayaz Ul Haq, 2019. "Infl Uence Of Life Events On The Financial Satisfaction Of Individuals," IBT Journal of Business Studies (JBS), Ilma University, Faculty of Management Science, vol. 15(1), pages 123-137.
    9. S. Ananda & Raghavendra Prasanna Kumar & Tamanna Dalwai, 2024. "Impact of financial literacy on savings behavior: the moderation role of risk aversion and financial confidence," Journal of Financial Services Marketing, Palgrave Macmillan, vol. 29(3), pages 843-854, September.
    10. Xiaomin Li & Melissa A. Curran & Ashley B. LeBaron & Joyce Serido & Soyeon Shim, 2020. "Romantic Attachment Orientations, Financial Behaviors, and Life Outcomes Among Young Adults: A Mediating Analysis of a College Cohort," Journal of Family and Economic Issues, Springer, vol. 41(4), pages 658-671, December.
    11. Anna Wendołowska & Natalia Czyżowska & Dorota Czyżowska, 2022. "The Role of Attachment and Dyadic Coping in Shaping Relational Intimacy: Actor–Partner Interdependence Model," IJERPH, MDPI, vol. 19(23), pages 1-17, December.

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