Consumption and Spending

Measures of consumption and spending capture how one generally uses financial resources.


Source: Mandell L, Klein LS. The impact of financial literacy education on subsequent financial behavior. Journal of Financial Counseling and Planning. 2009;20(1): 15-24.

Psychometric properties: Not reported.

Some people tend to be very thrifty, saving money whenever they have the chance, while others are very spending-oriented, buying whenever they can and even borrowing to consume more. How would you classify yourself?

  • Very thrifty, saving money whenever I can
  • Somewhat thrifty, often saving money
  • Neither thrifty nor spending oriented
  • Somewhat spending oriented, seldom saving money
  • Very spending oriented, hardly ever saving money


Source: Faber RJ, O’Guinn TC. A clinical screener for compulsive buying. Journal of Consumer Research. 1992;19(3):459-469.

Psychometric properties: Five items from the seven-item Compulsive Buying Scale (Faber and O’Guinn, 1992), with the full scale reporting Cronbach’s alpha = .95

If I have any money left at the end of the pay period, I just have to spend it.

  • Strongly agree
  • Agree
  • Neither agree nor disagree
  • Disagree
  • Strongly disagree

Please indicate how often you have done each of the following things:

Very often Often Sometimes Rarely Never
Bought things even though I couldn’t afford them o o o o o
Bought myself something in order to make myself feel better o o o o o
Feel anxious or nervous on days I didn’t go shopping o o o o o
Made only the minimum payments on my credit cards o o o o o