How Budgeting Helps Consumers Achieve Financial Goals

Budgeting is a commonly recommended way to help people manage financial constraints. But how and why does it help? Budgeting consists of both setting a budget and tracking that budget. Budget setting increases the clarity of one’s financial goals. Budget tracking increases pain of paying.


Christina Kan, John Lynch, and Philip Fernbach (2015) ,"How Budgeting Helps Consumers Achieve Financial Goals", in NA - Advances in Consumer Research Volume 43, eds. Kristin Diehl , Carolyn Yoon, and , Duluth, MN : Association for Consumer Research, Pages: 74-79.


Christina Kan, University of Colorado, USA
John Lynch, University of Chicago, USA
Philip Fernbach, University of Chicago, USA


NA - Advances in Consumer Research Volume 43 | 2015

Share Proceeding

Featured papers

See More


How the Unconstructed Identity Relieves Consumers of Identity-Relevant Consumption

Tracy Rank-Christman, University of Wisconsin - Milwaukee, USA
Lauren Poupis, Iona College

Read More


Making the Wait Worthwhile: Mental Accounting and the Effect of Waiting in Line on Consumption

Chris Hydock, Georgetown University, USA
Sezer Ulku, Georgetown University, USA
Shiliang Cui, Georgetown University, USA

Read More


When the Ends Do Not Justify Paying for the Means: Consumers Prefer Shifting Costs from Means to Goals

Franklin Shaddy, University of Chicago, USA
Ayelet Fishbach, University of Chicago, USA

Read More

Engage with Us

Becoming an Association for Consumer Research member is simple. Membership in ACR is relatively inexpensive, but brings significant benefits to its members.