The Role of Self-Efficacy in Personal Finance for Women Veterans

Women veterans may be statistically disadvantaged to their respective male and civilian counterparts in behavioral¬†personal finance (i.e., saving and investing), and may lack important psychological traits for success in personal finance, such as belief in one’s ability for financial success. Self-efficacy may be an effective mediating factor in successful management of one’s finances.¬†This poster endeavors to convey the importance of the inclusion of self-efficacy practices in personal finance education and training programs for women veterans by clarifying why and how this may be executed.