O’Neill, Xiao, Bristow, Brennan & Kerbel, 11 (1)

O’Neill, B., Xiao,
J. J., Bristow, B., Brennan, P. & Kerbel, C. (2000). Successful financial
goal attainment: Perceived resources and obstacles. Financial Counseling
and Planning
, 11(1), 1-12.

Successful Financial Goal Attainment:
Perceived Resources And Obstacles

Barbara O’Neill1, Jing J. Xiao2, Barbara Bristow3,
Patricia Brennan4 and Claudia M. Kerbel5

Perceived resources and obstacles to financial goal attainment of
520 MONEY 2000Ô participants are reported. Open-ended questions were
used to solicit responses. The most frequently mentioned resource that
helped respondents make progress toward financial goals was personal qualities
(e.g., discipline, knowledge) and action. Having a goal or plan, financial
publications and media, payroll deduction/automated savings, a good income,
Cooperative Extension/MONEY 2000Ô, and seeing results were also mentioned.
The most frequently mentioned challenge to financial progress was debt/credit
use/spending habits. Additional obstacles were a low or reduced income,
unexpected expenses and emergencies, children/children’s expenses, personal
qualities, and other obstacles.

Key words: Financial goals, Financial resources, Financial obstacles,
MONEY 2000

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1. Barbara O’Neill, Interim Extension Specialist in Financial Resource
Management, Rutgers University, 3 High Street First Floor, Newton, NJ 07860;
Phone: 973-579-0985. Fax: 973-579-0996. E-mail: oneill@aesop.rutgers.edu

2. Jing J. Xiao, Associate Professor, University of Rhode Island,
Department of Human Development and Family Studies, Kingston, RI 02881.
Phone: 401-874-4036. Fax: 401-874-2581. E-mail: xiao@uri.edu

3. Barbara Bristow, Extension Associate, Cornell University, Department
of Policy Analysis and Management, 133 MVR Hall, Ithaca, NY 14853. Phone:
607-254-5282. Fax: 607-255-0799. E-mail: bjb4@cornell.edu

4. Patricia Brennan, Family and Consumer Sciences Educator, Rutgers
University, P.O. Box 900, Morristown, NJ 07963. Phone: 973-285-8302. Fax:
973-605-8195. E-mail: pbrennan@aesop.rutgers.edu

5. Claudia M. Kerbel, Program Coordinator, Center for Personal Financial
Education, 535 Centerville Road Suite 103, Warwick, RI 02886. Phone: 401-732-1800.
Fax: 401-732-0250. E-mail: cmkerbel@etal.uri.edu

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