Final sample size was 2,510. Chi-square analysis indicated no significant differences between household type in frequency of resource management practices or feelings of control. These findings are contrary to what was expected and indicate the same educational programs and materials about money and time management and feelings of control can be used for either household type. Some results show a need for financial and time management programs. This suggests people need help in developing feelings of control.
Resource management can help.
For example, people feel they have more control of their financial situation if they have an emergency fund and an adequate risk management plan. With increased feelings of control, individuals feel more confident about managing their resources, which motivates them to use more management. The result is greater satisfaction with the financial situation. Preparation of this report was supported in part by the Illinois Agricultural Experiment Station. Inc. ISSN 1077-5315.