Financial Management Practices of Couples with Great Marriages |
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| Authors: | Linda Skogrand Alena C Johnson Amanda M Horrocks John DeFrain |
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| Institution: | (1) Department of Family, Consumer, and Human Development, Utah State University, 2705 Old Main, Logan, UT 84322-2705, USA;(2) Department of Family, Consumer, and Human Development, Utah State University, 2905 Old Main, Logan, UT 84322-2905, USA;(3) Utah State University Cooperative Extension, 48 W. Young St., Morgan, UT 84050-0720, USA;(4) Department of Family and Consumer Sciences, University of Nebraska, 254 Mabel Lee Hall, Lincoln, NE 68588-0236, USA |
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| Abstract: | The purpose of this qualitative study was to learn about financial management practices of 64 self-selected couples from throughout
the United States who believe they have great marriages. Three themes emerged from the data. First, for most couples one of
the partners handled the day-to-day finances and that required trust and communication. Second, these couples had little or
no debt or had a goal of paying off debt. Third, couples lived within their means and were frugal. Other findings described
these couples’ practices of having joint or separate accounts, how they dealt with financial challenges, and their view of
other couples having financial challenges. |
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