Budgeting and Gender: Employees and Self‐Employed. (25th April 2021)

• Record Type: Journal Article
• Authors: Georgieva, Vanya; Nitani, Miwako; Riding, Allan
• Is Part Of: Family and consumer sciences research journal. Volume 49:Number 4(2021:Jun.)
• Page Start: 310
• Page End: 327
• Publication Date: 2021-04-25
• Subjects: budgeting -- Canadian Financial Capability Survey -- gender -- self‐employment -- decision‐making -- financial knowledge; Home economics -- Periodicals; Home economics -- Research -- Periodicals; Families -- Periodicals; 640
• DOI: 10.1111/fcsr.12398
• Languages: English
• ISSNs: 1077-727X

Abstract

Abstract : Budgeting, an exemplar of good financial practices, informs financial decisions. This research employs the Theory of Reasoned Action to identify potential antecedents of individuals' decisions to maintain a budget. Analysis of the 2014 Canadian Financial Capability Survey (CFCS) shows that the likelihood of budgeting depends on attitudes toward finance, reliance on professional advice, financial knowledge, and confidence. Women are relatively more likely to budget than men, but self‐employed individuals are no more likely to have a budget than paid employees. The latter result is consistent with research findings of high rates of failure among young enterprises. The need for yet greater financial education is implied.