a model of personal financial management style. Financial Counseling
and Planning, 4, 111-134.
An Exploratory Study
for a Model of Personal Financial Management Style
(a) the initial exploratory development of a model of personal financial
management style drawing from the work of McKenney and Keen; Deacon and
Firebaugh; Gross, Crandal, and Knol; and Rettig; and (b) the initial development
of an instrument to be used in measuring the proposed model of personal
financial management style. Responses of 128 adults were used to test the
scales for the hypothesized instrument for validity and reliability using
factor analysis. Results included the identification of 14 possible items
for the Analyzing Scale, and eight possible items for the Holistic Scale.
Future research is needed for further development of both the hypothesized
model of personal financial management style and of the scales for the
hypothesized instrument to measure personal financial management style.
Key Words: Cognitive style, Financial decision style, Management
1. Kathy Prochaska-Cue, Department of Family and Consumer Sciences,
University of Nebraska, 123 Home Economics Building, Lincoln, NE 68583-0801.
Phone: (402) 472-2957. E-mail: email@example.com