Written By: Deborah D. Godwin and Joan C. Koonce

Are low income newlywed couples different from their middle and upper income counterparts in terms of the way they feel about cash flow management and the patterns of their cash flow management behavior? That question was the focus of this study which utilized data from 106 newlywed couples. Using MANCOVA analyses that controlled for differences in the couples’ ages and education, it was found that low income couples differed from moderate income couples on three dimensions projecting a budget, attitudes toward planning and success, and feelings about the role of skills in success. Low income couples differed from their high income counterparts on seven dimensions record keeping, monitoring their income and spending, projecting a budget, balancing their budget, attitudes about planning for success, feelings about the need for planning, and attitudes about the role of skills in success. In each case, low income couples reported more “effective” attitudes and behavior that dispel the stereotypes about low income individuals. KEY WORDS: cash flow management, low income newlyweds

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