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dc.contributor.authorGamst-Klaussen, Thor
dc.contributor.authorSteel, Piers
dc.contributor.authorSvartdal, Frode
dc.date.accessioned2019-04-10T11:22:19Z
dc.date.available2019-04-10T11:22:19Z
dc.date.issued2019-04-05
dc.description.abstractProcrastination is related to unhealthy personal financial behaviors, such as postponing retirement savings, last minute shopping, and not paying bills on time. The present paper explores factors that could explain why procrastinators demonstrate more financial problems compared to non-procrastinators. Study 1 (N = 675) focused on planning, as both procrastination and poor financial habits are negatively related to planning. Results confirmed that procrastination was a significant predictor of personal finances, but the propensity to plan was not. Study 2 (N = 500) explored the roles of procrastination and financial self-efficacy in two facets of financial behavior, financial impulsivity and financial planning. Results indicated that the effect of procrastination on financial behavior was fully mediated by financial self-efficacy. Hence, these results suggest that procrastination operates primarily through its self-efficacy component to impact financial behavior negatively.en_US
dc.description.sponsorshipUiT The Arctic University of Norway The publication fund of UiT The Arctic University of Norwayen_US
dc.descriptionThe following article, Gamst-Klaussen, T., Steel, P. & Svartdal, F. (2019). Procrastination and personal finances: Exploring the roles of planning and financial self-efficacy. <i>Frontiers in Psychology, 10</i>, can be accessed at <a href=https://doi.org/10.3389/fpsyg.2019.00775> https://doi.org/10.3389/fpsyg.2019.00775</a>.en_US
dc.identifier.citationGamst-Klaussen, T., Steel, P. & Svartdal, F. (2019). Procrastination and personal finances: Exploring the roles of planning and financial self-efficacy. <i>Frontiers in Psychology, 10</i>. https://doi.org/10.3389/fpsyg.2019.00775en_US
dc.identifier.cristinIDFRIDAID 1690770
dc.identifier.doihttps://doi.org/10.3389/fpsyg.2019.00775
dc.identifier.issn1664-1078
dc.identifier.urihttps://hdl.handle.net/10037/15189
dc.language.isoengen_US
dc.publisherFrontiers Mediaen_US
dc.relation.journalFrontiers in Psychology
dc.rights.accessRightsopenAccessen_US
dc.subjectVDP::Social science: 200::Psychology: 260en_US
dc.subjectVDP::Samfunnsvitenskap: 200::Psykologi: 260en_US
dc.subjectprocrastinationen_US
dc.subjectplanningen_US
dc.subjectfinancial behavioren_US
dc.subjectfinancial self-efficacyen_US
dc.subjectimpulsivityen_US
dc.titleProcrastination and personal finances: Exploring the roles of planning and financial self-efficacyen_US
dc.typeJournal articleen_US
dc.typeTidsskriftartikkelen_US
dc.typePeer revieweden_US


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