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.