Individual differences in money management

Name: Individual differences in money management
Brand: Atlantic Books
SKU: 9783640797035
Price: 2138.0 INR
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by Barbara Bilyk

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ISBN13: 9783640797035
Binding: Paperback
Subject: N/A
Publisher: Grin Verlag
Publisher Imprint: Grin Verlag
Publication Date: January 12, 2011
Pages: 24
Original Price: USD 25.5
Language: English
Edition: N/A
Item Weight: 46 grams
BISAC Subject(s): Applied Psychology

About The Book

Seminar paper from the year 2010 in the subject Psychology - Social Psychology, grade: 1,7, University of Cologne (Wirtschafts- und Sozialpsychologisches Institut), course: Psychology of Money Management, language: English, abstract: "Money, money, money - must be funny - in the rich man's world. All the things I could do - if I had a little money." This famous lyric points out that being in the possession of money opens up a wide range of possibilities due to the fact that money can be used as a means of payment for any products or services as well as a store of purchasing power. However, money has a different meaning for every person which is why people's spending and saving behavior is highly diverse (Mitchell & Mickel, 1999). In the field of economic psychology it is of high interest to ana-lyze the roots and determinants of these individual differences in money management. The reason for this concern is the overall importance of economic activities for personal life satis-faction as well as its far reaching impact on markets and institutions (Antonides, 1996). How people view money and thus how they use it can be seen as a function of many variables of which attitudes, gender and age are some of the most relevant ones. Consequently this paper aims at shedding light on the following question: to what extent does money meaning and money management differ among people of unequal sex, age and attitude?

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