Financial self-control strategy use: Generating personal strategies reduces spending more than learning expert strategies

Volume: 97, Pages: 104189 - 104189
Published: Nov 1, 2021
Abstract
We examined the spontaneous use and effectiveness of financial self-control strategies in individuals' everyday spending. In Study 1 (N = 377), participants who listed the strategies they personally already use at intake and several times throughout a month spent an average $228 less that month than participants in a control group. In contrast, participants who were provided with strategies that have been empirically tested and published or...
Paper Details
Title
Financial self-control strategy use: Generating personal strategies reduces spending more than learning expert strategies
Published Date
Nov 1, 2021
Volume
97
Pages
104189 - 104189
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