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The Longitudinal Associations of Sound Financial Management Behaviors and Marital Quality

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  • Jeffrey Dew

    (Brigham Young University)

  • Connor Barham

    (Brigham Young University)

  • E. Jeffrey Hill

    (Brigham Young University)

Abstract

We investigated the association between sound financial management behaviors and marital quality, particularly the direction of the association and a potential mediator. To do this, we used three waves of longitudinal dyadic data that spanned three years from 279 married couples living in a large northwestern city and a longitudinal path analysis that incorporated the Actor-Partner Interdependence Model (Kenny et al. Dyadic data analysis. Guilford, New York City, 2006). Marital satisfaction at T1 was positively associated with sound financial management behavior for husbands; we only found actor effects, though. Wives’ T2 reports of sound financial management behavior were directly and negatively associated with their own reports of marital conflict at T3. Husbands’ T2 reports of sound financial management behavior was negatively associated with T3 economic pressure, which was positively associated with marital conflict. The indirect association was not statistically significant, however.

Suggested Citation

  • 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.
    • Handle: RePEc:kap:jfamec:v:42:y:2021:i:1:d:10.1007_s10834-020-09701-z
    DOI: 10.1007/s10834-020-09701-z
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    References listed on IDEAS

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    1. Gary S. Becker, 1981. "A Treatise on the Family," NBER Books, National Bureau of Economic Research, Inc, number beck81-1.
    2. Jeffrey Dew, 2007. "Two Sides of the Same Coin? The Differing Roles of Assets and Consumer Debt in Marriage," Journal of Family and Economic Issues, Springer, vol. 28(1), pages 89-104, March.
    3. 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.
    4. Shelly Lundberg & Robert A. Pollak & Jenna Stearns, 2016. "Family Inequality: Diverging Patterns in Marriage, Cohabitation, and Childbearing," Journal of Economic Perspectives, American Economic Association, vol. 30(2), pages 79-102, Spring.
    5. Clinton Gudmunson & Ivan Beutler & Craig Israelsen & J. McCoy & E. Hill, 2007. "Linking Financial Strain to Marital Instability: Examining the Roles of Emotional Distress and Marital Interaction," Journal of Family and Economic Issues, Springer, vol. 28(3), pages 357-376, September.
    6. Jeffrey Dew, 2009. "The Gendered Meanings of Assets for Divorce," Journal of Family and Economic Issues, Springer, vol. 30(1), pages 20-31, March.
    7. Brown, Sarah & Durand, Robert B. & Harris, Mark N. & Weterings, Tim, 2014. "Modelling financial satisfaction across life stages: A latent class approach," Journal of Economic Psychology, Elsevier, vol. 45(C), pages 117-127.
    8. Burns, Maree & Burgoyne, Carole & Clarke, Victoria, 2008. "Financial affairs? Money management in same-sex relationships," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 37(2), pages 481-501, April.
    9. Sondra G. Beverly & Marianne A. Hilgert & Jeanne M. Hogarth, 2003. "Household financial management: the connection between knowledge and behavior," Federal Reserve Bulletin, Board of Governors of the Federal Reserve System (U.S.), issue Jul, pages 309-322.
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    Cited by:

    1. 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.

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