Pathway to Personal Financial Success

Abstract

Individuals armed with solid financial knowledge and commitment to prudent financial goals likely will achieve a higher level of wealth and ultimately financial wellness than those who do not. There are, however, potential landmines along the road to financial wellness. Two of the biggest negative behaviors that can get individuals off track are procrastination and impulsive purchasing. Our research will show how self-regulation can temper the negative effects of procrastination and impulsivity, when supported through the intervention of social support which can serve to strengthen positive financial habits.