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.

Evidence

Does self-control predict financial behavior and well-being? (Journal of Behavioral and Experimental Finance)

Categorization

• corroborated: 2 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; Cognitive factors like financial literacy, mental budgeting, and self-control influence subjective financial well-being. — Impact of financial literacy, mental budgeting and self control on …; Worries about personal health and financial security are related to higher levels of psychological distress. — The Relationship Between Financial Worries and Psychological Distress (+2 more)

Related

• Cognitive factors like financial literacy, mental budgeting, and self-control influence subjective financial well-being. (similarity 0.93)
• Mental budgeting influences financial behaviors and financial stability, with self-control moderating these relationships. (similarity 0.89)
• Worries about personal health and financial security are related to higher levels of psychological distress. (similarity 0.84)