Campus Units

Human Development and Family Studies

Document Type

Article

Publication Version

Published Version

Publication Date

2018

Journal or Book Title

Journal of Financial Therapy

Volume

9

Issue

1 Article 4

First Page

47

Last Page

71

DOI

10.4148/1944-9771.1153

Abstract

This study explores the link between couples’ financial management practices and their marital quality through qualitative inquiry. Six couples in their first marriage, with at least one child age 18 or younger, were interviewed to understand how the couples’ financial histories affect their current approach to financial management, and how their financial management affects their relationships. Using Couples and Finances Theory as a conceptual framework, this phenomenological study investigates the connection between financial history, approach to financial management, and marital quality to offer implications for financial counselors and therapists. The ways couples manage their finances are diverse, as are the impacts on their relationships. Couples’ financial histories lead to diverse management processes influenced by financial stressors, communication, and shared values. Financial therapists and counselors should recognize that each person’s financial history affects the way they think about money, which can affect their ability to communicate about finances with a partner. Therapists can build on the experiences of couples reporting in this study to help alleviate financial stress, improve financial relationships, and ultimately enhance marital quality.

Comments

This article is published as Baisden, E.D., Fox, J.J., Bartholomae, S., Financial Management and Marital Quality: A Phenomenological Inquiry. Journal of Financial Therapy. 2018, 9(1) Article 4; 47-71. Doi: 10.4148/1944-9771.1153 Posted with permission.

Creative Commons License

Creative Commons Attribution-Noncommercial 4.0 License
This work is licensed under a Creative Commons Attribution-Noncommercial 4.0 License

Copyright Owner

Financial Therapy Association

Language

en

File Format

application/pdf

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