2011
DOI: 10.1108/13522751111120710
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Financial management practices and social reproduction

Abstract: Purpose -The purpose of this paper is to enhance understanding of social reproduction by investigating the financial management practices carried out by the consumers. Using depth interviews, a theoretical model is developed to describe how financial management practices are carried out to facilitate the attainment of class-specific life goals and discuss how these practices are related to social reproduction. Design/methodology/approach -In total, 22 adults aged 22-79 were interviewed face-to-face. They were … Show more

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Cited by 5 publications
(4 citation statements)
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“…Credit cards and housing loans, for example, rely heavily on assets and competence. Nonetheless, many financial practices arise and have long-term impacts on earning capacity, wealth accumulation, and upward mobility, such as mutual funds and student loans (Leung, 2011). Implementing financial planning, which includes budgeting and cash flow, credit management, risk management, investment, estate planning, and retirement planning, are examples of financial practices.…”
Section: Conceptualising Knowledge Attitude and Practice Of Financial...mentioning
confidence: 99%
“…Credit cards and housing loans, for example, rely heavily on assets and competence. Nonetheless, many financial practices arise and have long-term impacts on earning capacity, wealth accumulation, and upward mobility, such as mutual funds and student loans (Leung, 2011). Implementing financial planning, which includes budgeting and cash flow, credit management, risk management, investment, estate planning, and retirement planning, are examples of financial practices.…”
Section: Conceptualising Knowledge Attitude and Practice Of Financial...mentioning
confidence: 99%
“…Managers who have pure souls and hearts, will offer protection and sincere instincts because of God and public instincts and instinct universe. A study gives an example of the characteristics of financial management [12]. The basic belief is that it shows the existence of connectedness between humans and God, the universe, and other creations of God that are deeper and even tend to become the strength of financial management, then present a level of pleasure with character.…”
Section: Followed By the Following Callmentioning
confidence: 99%
“…This is considered a wise approach and, at the same time, a unique character in financial management. Other study proposes that conventional financial management practices should provide socio-economic light, not just become champions for profits or material [12]. It is imperative to seek alternatives to conventional financial management based on local wisdoms.…”
Section: Introductionmentioning
confidence: 99%
“…Acquisition of possessions and experience are the important components of sound financial practices such as credit card and mortgage loan. Nevertheless, many financial practices such as mutual funds and student loans which unfold over time and have long term implications in earning potential, wealth accumulation and upward mobility (Leung, 2011).…”
Section: Financial Practicesmentioning
confidence: 99%