The impact of financial management practices and financial attitudes on the relationship between materialism and compulsive buying

► Materialism, financial management practices, and attitudes predict compulsive buying. ► Materialism is positively associated with compulsive buying. ► This relationship is moderated by financial management practices but not attitudes. Although materialism has a robust relationship with compulsive...

Full description

Saved in:
Bibliographic Details
Published in:Journal of economic psychology 2012-06, Vol.33 (3), p.461-470
Main Authors: Pham, Thi H., Yap, Keong, Dowling, Nicki A.
Format: Article
Language:English
Subjects:
Applied psychology
Attitudes
Behavior. Attitude
Behavioural sciences
Biological and medical sciences
Buying
Cognitive-behavioral therapy
Compulsive buying
Consumer behaviour
Consumption
Economic behaviour
Economic theory
Financial attitudes
Financial management
Financial management practices
Fundamental and applied biological sciences. Psychology
Manufacturers representatives
Materialism
Miscellaneous
Personal finance
Psychological aspects
Psychology. Psychoanalysis. Psychiatry
Psychology. Psychophysiology
Social psychology
Studies
Citations: Items that this one cites
Items that cite this one
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:► Materialism, financial management practices, and attitudes predict compulsive buying. ► Materialism is positively associated with compulsive buying. ► This relationship is moderated by financial management practices but not attitudes. Although materialism has a robust relationship with compulsive buying, psychological theories also suggest that financial attitudes and financial management practices would significantly predict compulsive buying severity even after controlling for materialism. We also expected that financial attitudes and financial management practices would moderate the relationship between materialism and compulsive buying. Results partially supported our hypotheses. Financial management practices, but not financial attitudes, significantly predicted compulsive buying severity after controlling for materialism. In addition, financial management practices, but not financial attitudes, significantly moderated the relationship between materialism and compulsive buying severity. These findings support the inclusion of financial management components in current psychosocial interventions and indicate that highly materialistic individuals with poor financial management practices are particularly prone to compulsive buying problems. Further implications and suggestions for future research are discussed.
ISSN:0167-4870
1872-7719
DOI:10.1016/j.joep.2011.12.007