Family financial management: a real world perspective

The purpose of this study is to examine techniques used by families in the day-to-day management of their finances. The purpose is accomplished by analysis of data gathered through a series of in-depth interviews with the family money manager in seven different families. Each family was interviewed for a minimum of four hours, to examine what the family actually does and their reported explanation of why they do it. The families are all white, in first marriages, with children living at home. The family financial managers have a bachelor\u27s degree or less, and both spouses are employed at least part-time. Family income ranges from 40,000 to 60,000 annually;Several themes emerge from the data. These themes, in turn, are developed into a proposed financial management process. The proposed model, a grounded theory, suggests that families have a process for managing their money and that it focuses on the ideas of safety, control, comfort, and routine, with an overall goal of the family\u27s financial viability. The specific activities, largely mental, seen in the model are a result of a decision process that is shaped by several motivating factors including cash flow, the near future, feelings and values, experience, and situational knowledge. Respondents all said their goals are to live life to the max. and to be able to pay our bills. Although long-term planning, saving, and net worth appear to be of little or no concern, all respondents are home owners, have retirement programs (some minimal), and are protected from at least some catastrophic occurrence by health, property, and liability insurance;The study suggests five areas that have implications for the development and teaching of financial management practices: (1) motivators and how they influence the entire process; (2) tools and the need for a variety; (3) teaching and how formal educational efforts must expand on the motivational forces at work and include a variety of methods; (4) timing, including the short-term focus of the manager\u27s planning horizon and how life experiences impact financial decisions; and (5) the use of the mass media outlets to educate regarding family financial management

Ten frequently asked questions for micro and home-based business start-up

The Oklahoma Cooperative Extension Service periodically issues revisions to its publications. The most current edition is made available. For access to an earlier edition, if available for this title, please contact the Oklahoma State University Library Archives by email at [email protected] or by phone at 405-744-6311

Micro and home-based businesses: The basics of marketing

The Oklahoma Cooperative Extension Service periodically issues revisions to its publications. The most current edition is made available. For access to an earlier edition, if available for this title, please contact the Oklahoma State University Library Archives by email at [email protected] or by phone at 405-744-6311

Micro and home-based business

The Oklahoma Cooperative Extension Service periodically issues revisions to its publications. The most current edition is made available. For access to an earlier edition, if available for this title, please contact the Oklahoma State University Library Archives by email at [email protected] or by phone at 405-744-6311

Micro and home-based businesses market research

The Oklahoma Cooperative Extension Service periodically issues revisions to its publications. The most current edition is made available. For access to an earlier edition, if available for this title, please contact the Oklahoma State University Library Archives by email at [email protected] or by phone at 405-744-6311

Financial Management Education: Its Role in Changing Behavior

Managing personal finances is a crucial but difficult issue. Many writers are concerned about whether or not Americans are prepared to handle their finances as personal debt and bankruptcies grow. While some educators believe that financial education can improve a family\u27s financial security, others question the effectiveness of such programs. The study reported here examined the results of Money 2000™ and its ability to influence behavior and financial preparedness. Participants made greater use of banks and less use of loan and check cashing services, increased savings, and decreased debt. The data supports financial literacy training as enhancing financial well-being

The World Wide Web: A Training Tool for Family Resource Management Educators

Cooperative Extension has actively explored new technologies as a means to provide education to its own staff and the general public. The study reported here concerned the development of a Web site used for Extension family resource management training. The study found that Extension educators use the Web for information and support using it for training. Educators appreciated having links that could be considered reliable and accurate. The data also suggest that such sites can provide a refresher to the in-service material, thus reinforcing the learning experience

Internet Standards: How One State\u27s Small Business Web Sites Compare to Expectations

Small business owners are increasingly realizing the importance of establishing an Internet presence. The purpose of the study reported here was to evaluate a sample of Web sites of small and often rural businesses and compare how well the Web sites met a set of 40 standards identified in the literature. In general, the Web sites scored well. The largest area of concern was the lack of variety of ways a customer could order or get assistance. Suggestions are provided as to how this information can be used by Extension educators

Website basics for small businesses

The Oklahoma Cooperative Extension Service periodically issues revisions to its publications. The most current edition is made available. For access to an earlier edition, if available for this title, please contact the Oklahoma State University Library Archives by email at [email protected] or by phone at 405-744-6311

Home-based business: An economic development alternative

The Oklahoma Cooperative Extension Service periodically issues revisions to its publications. The most current edition is made available. For access to an earlier edition, if available for this title, please contact the Oklahoma State University Library Archives by email at [email protected] or by phone at 405-744-6311