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


B9. The Power of Self-Effacing Brand Messages: Building Trust and Increasing Brand Attitudes

Tessa Garcia-Collart, Florida International University
Jessica Rixom, University of Nevada, Reno

Read 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


Material Gifts as Relationship Mnemonics: Why More Material Gifts Are Given Than Wanted?

Adelle Xue Yang, National University of Singapore, Singapore
Minjung Koo, Sungkyunkwan University
JAEWON HWANG, Sejong University

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.