The purpose of this study is to determine whether participation in a First-Time Homebuyers Educational Program affects budgeting behavior of program participants. The program was created to assist low to moderate income households in becoming homeowners by providinginformation on budgeting and all aspects of selecting, purchasing, and maintaining a home. A pretest-posttest design was used for an initial examination of budget behavior of participants in the program. The results suggest that the program had a substantial impact on consumers’ knowledge, regardless of the participants’ gender, race, age, educational level or income category. KEY WORDS: budgeting behavior, first-time homebuyers, low income

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