Orientation Toward Finances: Development of a Measurement Scale

The construct of orientation toward finances has been developed to focus on individual behavioral dispositions related to personal financial management activities. Based on input from different literature sources, we sought to operationalize the construct using items referring to behavioral competencies. This measurement scale has further been tested and analyzed, resulting in two subfactors: Financial Information, and Personal Financial Planning. We obtained acceptable reliability and validity results for both factors through various studies. Cross-validity testing and confirmatory analysis further supported the robustness of the final two-factor measurement scale.