Financial strain, financial management practices, marital satisfaction and marital stability among newlyweds

Abstract

Money does matter especially in family life and it affects marital satisfaction and marital stability. The purposes of this study are to investigate the relationship between financial strain and financial management practices, and marital satisfaction and marital stability. 278 married individuals who were within 5 years of marriage were involved in this study. The In-Charge Financial Distress/Financial Well-Being (IFDFW) Scale, Financial Management Behavior Scale (FMBS), Kansas Marital Satisfaction Scale (KMSS) and Marital Instability Index (MII) were used for data collection. Data were analyzed using Pearson correlation. The findings show that there was significant relationship between financial strain, financial management practices, marital satisfaction, marital stability, financial management practices and marital satisfaction. In sum, finance does play an important role in satisfaction and stability of a marriage.