The Motivations for Personal Financial Management Scale assesses individual differences in people’s motivations for managing their finances. Based on Self-Determination Theory, it features a format and scoring system similar to other Self-Regulation Questionnaires.
This version of the scale focuses on motivations in three financial areas: budgeting, paying bills, and learning. Several ongoing studies are investigating its psychometric properties, and it is expected to undergo further development and refinement. Currently, the scale is provided to support others’ research but should be viewed as an initial effort in measuring these constructs.
(2022) Frontiers in Psychology