Cognitive factors like financial literacy, mental budgeting, and self-control influence subjective financial well-being.

Evidence

Impact of financial literacy, mental budgeting and self control on … (PMC / NIH)

Categorization

• corroborated: 3 independent passages support this claim
• XREF: connects to: Personal financial decisions reflect deeper emotional struggles. — Hamlin Garland Munseys, A Daughter of the Middle Border, 611; Mental budgeting influences financial behaviors and financial stability, with self-control moderating these relationships. — The Interplay of Mental Budgeting, Self-Control, and Financial Behavior: Implications for Individual Financial Well-Being; People with good self-control are more likely to save money, have better financial behavior, feel less anxious about finances, and have better subjective financial well-being. — Does self-control predict financial behavior and well-being?

Related

• People with good self-control are more likely to save money, have better financial behavior, feel less anxious about finances, and have better subjective financial well-being. (similarity 0.93)
• Mental budgeting influences financial behaviors and financial stability, with self-control moderating these relationships. (similarity 0.91)
• Worries about personal health and financial security are related to higher levels of psychological distress. (similarity 0.80)
• Poverty impedes cognitive function by reducing mental bandwidth, creating a bidirectional relationship. (similarity 0.78)