Recommended article on ScienceDirect: Money management in blended and nuclear families

In Finland, 9% of the families with children are blended families. Blended families are an interesting group to study because their money management is clearly more complex than that of traditional nuclear families. In this paper Anu Raijas (Head of Research, National Consumer Research Centre) examines the extent of the differences between blended and nuclear families in money management, with special reference to bank accounts and the conducting of payments.

Research highlights
- The results suggested that money management is more separated in blended families than in nuclear ones.
- In nuclear families, both the bank accounts and the paying of expenditures are managed jointly.
- The spouses in blended families prefer separate bank accounts and display several different practices in the paying of common expenditures.
- In nuclear families the adults pay the expenditures together, but in blended ones they are responsible for the expenditures of their own biological children.

Recommended article on ScienceDirect:
Money management in blended and nuclear families
Anu Raijas, Head of Research, National Consumer Research Centre, P.O. Box 5 (Kaikukatu 3), FI-00531 Helsinki, Finland
Journal of Economic Psychology. Volume 32, Issue 4, August 2011, Pages 556-563. Financial Capability

ScienceDirect: http://www.sciencedirect.com/science/article/pii/S0167487011000213

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