Volume 17 No. 3, December 2018
ARTICLE INFO
Article History:
Received: 17 April 2018
Accepted: 27 June 2018
Available online: 31 December 2018
MANAGEMENT AND ACCOUNTING REVIEW, VOLUME 17 NO 3, DECEMBER 2018
Financial Strain, Financial Management Practices, Marital Satisfaction and Marital Stability among Newlyweds
Joki Perdani Sawaia, Rumaya Juharib, Rojanah Kaharb, Zanariah Ismailb and Rezki Perdani Sawaic
aFaculty of Psychology and Education, Universiti Malaysia Sabah
bFaculty of Human Ecology, Universiti Putra Malaysia
cFaculty of Leadership and Management, Universiti Sains Islam Malaysia
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.
Keywords: “financial strain”, “financial management practices”, “marital satisfaction”, “marital stability”