engleski

Measuring responsible financial consumption behaviour

Sound consumption decisions determine individuals’ well-being ; responsible financial consumption behaviour (RFCB) affects not only their finances but also their societal status and emotional state. The failure to manage personal finances responsibly may result in serious long‐term consequences for individuals and society overall. In order to evaluate the concept of RFCB, this study combines two established theoretical frameworks—the family management system and the theory of planned behaviour. The paper investigates the relationships among RFCB, responsible financial attitudes, financial literacy and behavioural control. Its theoretical model is tested on a random sample of 494 respondents and analysed using PLS-SEM. The results confirm the formation of responsible consumption behaviour by six formative elements: self-control in spending, planning for the future, seeking information, education, rational decision- making and solvency. The findings also indicate that all three focal variables have a direct effect on RFCB.

behavioural control, family management system, financial attitudes, financial literacy, responsible financial consumption behaviour, theory of planned behaviour

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