M.A. Applied Psychology and Professional Mental Health Counseling
College of Science & Mathematics
Kerwin, Mary Louise
Finance, Personal; Mentally ill
Psychiatric and Mental Health
Five men diagnosed with Severe and Persistent Mental Illness (SPMI) were recruited from a partial care program to participate in a study on the efficacy of teaching money management skills. The participants were also assessed on perceived stress, financial strain, and symptomology. The men were randomly assigned to either an experimental group or a waitlist control group; both groups received an intervention for money management consisting of a workshop on budgeting and weekly coaching based on expenses. Participants in the experimental group received the money management class immediately after a pretest baseline was established and the wait-list control group received the intervention three weeks later. No significant findings emerged; however, trends revealed improvement in budgeting skills and a reduction in perceived stress.
Kurtz-Dougherty, Simone, "Money management for the severe and persistently mentally ill" (2014). Theses and Dissertations. 348.