Successful financial goal attainment: Perceived resources and obstacles

Barbara O'Neill; Jing J. Xiao; Barbara Bristow; Patricia Brennan; Claudia M. Kerbel

Successful financial goal attainment: Perceived resources and obstacles

Barbara O'Neill, Jing J. Xiao, Barbara Bristow, Patricia Brennan, Claudia M. Kerbel

School of Environmental and Biological Sciences, Agricultural, Food & Resource Economics

Rutgers, The State University

Research output: Contribution to journal › Article › peer-review

24 Scopus citations

Abstract

Perceived resources and obstacles to financial goal attainment of 520 MONEY 2000Ô participants are reported. Open-ended questions were used to solicit responses. The most frequently mentioned resource that helped respondents make progress toward financial goals was personal qualities (e.g., discipline, knowledge) and action. Having a goal or plan, financial publications and media, payroll deduction/automated savings, a good income, Cooperative Extension/MONEY 2000Ô, and seeing results were also mentioned. The most frequently mentioned challenge to financial progress was debt/credit use/spending habits. Additional obstacles were a low or reduced income, unexpected expenses and emergencies, children/children's expenses, personal qualities, and other obstacles.

Original language	English (US)
Pages (from-to)	1-12
Number of pages	12
Journal	Journal of Financial Counseling and Planning
Volume	11
Issue number	1
State	Published - 2000

ASJC Scopus subject areas

Finance
Economics and Econometrics

Keywords

Financial goals
Financial obstacles
Financial resources
Money 2000ô

Cite this

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AB - Perceived resources and obstacles to financial goal attainment of 520 MONEY 2000Ô participants are reported. Open-ended questions were used to solicit responses. The most frequently mentioned resource that helped respondents make progress toward financial goals was personal qualities (e.g., discipline, knowledge) and action. Having a goal or plan, financial publications and media, payroll deduction/automated savings, a good income, Cooperative Extension/MONEY 2000Ô, and seeing results were also mentioned. The most frequently mentioned challenge to financial progress was debt/credit use/spending habits. Additional obstacles were a low or reduced income, unexpected expenses and emergencies, children/children's expenses, personal qualities, and other obstacles.

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Successful financial goal attainment: Perceived resources and obstacles

Abstract

ASJC Scopus subject areas

Keywords

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