Family financial management and control practices have received little attention. Yet they are increasingly important, due to changes in the financial environment such as deregulation of the banking industry and the increasing number of dual income families. This paper reports on the family's financial management and control tendencies.
This was a survey research with a two-fold purpose. One purpose was to investigate the financial management practices among selected households in Vellore City. The other purpose was to investigate how the socio-economic factors and financial management practices influence satisfaction with these practices.