Kerkmann, Lee, Lown, & Allgood, 11(2)

Kerkmann, B. C., Lee, T. R., Lown, J. M. & Allgood, S. M. (2000). Financial management,
financial problems and marital satisfaction among recently married university students. Financial
Counseling and Planning, 11
(2), 55-64.

Financial Management, Financial Problems And Marital Satisfaction Among Recently Married University Students

Barbara C. Kerkmann1, Thomas R. Lee2, Jean M. Lown 3 and Scot M. Allgood4

This study examined the widely held but largely untested belief that financial issues affect marital
satisfaction. The sample consisted of student families at Utah State University. The questionnaire
included the Frequency of Financial Management and Frequency of Financial Problems Scales and
the Revised Dyadic Adjustment Scale. Financial management behaviors and perceptions of how well
finances were managed, as well as financial problems and perceived magnitude of financial problems
were found to be significantly related to respondents’ marital satisfaction. This study supported the
relationship between finances and marital satisfaction by identifying that 15% of marital satisfaction
was predicted by financial factors. These results must be viewed with caution since the sample consisted
exclusively of young, low income couples married for a short time.

Key words: Marital satisfaction, Financial management, Financial problems, Newlyweds, Family

1. Barbara C. Kerkmann, Family Therapist and Financial Counselor, Box Elder Family Support Center,25 West 400 South, Brigham City, UT 84302; Phone:435-723-6010. Fax:435-723-7539. E-mail:

2. Thomas R. Lee, Professor and Extension Specialist, Department of Family and Human Development, Utah State University, 2905 University Hill, Logan, UT 84322-2905; Phone:435-797-1551. Fax:435-797-3845. E-Mail:

3. Jean M. Lown, Professor, Human Environments Department, Utah State University, 2910 University Hill, Logan, UT 84322-2910; Phone:435-797-1569. Fax:435-797-3845. E-mail:

4. Scot M. Allgood, Associate Professor, Department of Family and Human Development, Utah State University,2905 University Hill, Logan UT 84322-2905; Phone 435-797-7433. Fax:435-797-3845. E-mail: