The purpose of this study was to test the reliability of scales measuring the psychological aspects of savings behavior. The data set titled The Complex Nature of Saving: Psychological and Economic Factors was collected under the sponsorship of the North Central (NC) 1172 multistate research program. Researchers from 12 universities developed the questionnaire for the study. The sample consisted of low‐to‐moderate‐income consumers with a respondent (or spouse or partner of the respondent) between the ages of 24 and 66. The scales included in this study consist of Rook & Fisher (1995) Impulsivity Scale and three sub‐scales (distrust, anxiety, and bargain‐conscious) from the revised Yamauchi & Templer (1982) money attitudes scale by Roberts & Sepulveda (1999). Other scales that were included are the Richins & Dawson (1992) materialism scale, Sherer et al. (1982) Self‐efficacy Scale, and Grable & Joo (2004) financial risk‐tolerance scale. Also, these data were used to develop a Financial Management Behavior Score. Based on data from this sample, the results show that the modified scales work as well as the original scales.