Improving Financial Awareness Among College Students: Assessment of a Financial Management Project

College Student Journal, Vol. 44, No. 3, 2010

19 Pages Posted: 27 Nov 2015

See all articles by Lance Palmer

Lance Palmer

University of Georgia

Donna Bliss

University of Wyoming

Joseph W. Goetz

University of Georgia

Diann Moorman

University of Georgia

Date Written: September 1, 2010

Abstract

The effect of a financial management intervention on college students' financial behavior was examined. The intervention strategy, a form of expenditure tracking, focused on consciousness-raising and was implemented among 170 undergraduate students. Qualitative analysis of participants' self-reflection papers revealed that awareness of spending behaviors increased universally among participants. Increased awareness of spending behavior, combined with other processes of change from the Transtheoretical Model of behavior change, resulted in a significant proportion of students modifying spending behaviors to more closely conform to personal values. Participants consistently reported the importance of spending management tools.

Suggested Citation

Palmer, Lance and Bliss, Donna and Goetz, Joseph W. and Moorman, Diann, Improving Financial Awareness Among College Students: Assessment of a Financial Management Project (September 1, 2010). College Student Journal, Vol. 44, No. 3, 2010. Available at SSRN: https://ssrn.com/abstract=2695748

Lance Palmer (Contact Author)

University of Georgia ( email )

United States

Donna Bliss

University of Wyoming ( email )

Box 3434 University Station
Laramie, WY 82070
United States

Joseph W. Goetz

University of Georgia ( email )

Athens, GA 30602-6254
United States

Diann Moorman

University of Georgia ( email )

Athens, GA 30602-6254
United States

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