Evaluating the effectiveness of financial therapy on financial literacy, personal financial management and money management, to fuzzy logic

Subject Areas : Financial engineering

najmeh tavakoli Zaniyani ¹ , Masoud taherinia ² , Daruosh Jalali ³ , Ebrahim Givaki ⁴

1 - Department of Accounting, Khomein Branch, Islamic Azad University, Khomein, Iran
2 - Department of Economics and Accounting, Faculty of Management and Economics, Lorestan University, Khorramabad, Iran
3 - Department of Psychology, Shahrekord Branch, Islamic Azad University, Shahrekord, Iran
4 - Department of Accounting, Khomein Branch, Islamic Azad University, Khomein, Iran.

Received: 2021-11-07 Accepted : 2022-01-23 Published : 2022-09-23

Keywords: fuzzy logic, financial literacy, Personal financial management, : Financial Therapy, Money Management,

Abstract :

The commitment and acceptance financial therapy helps individual to by teaching them financial skills along with changes in monetary beliefs and financial behaviors. to have an overview of his/her own set of decisions and reduce the effect of mental errors on financial decisions.This is a practical and quasi-experimental study. The statistical population of the study was 20 bazaars in Shahrekord in 2020 who underwent training and interventions related to financial therapy based on acceptance and commitment in 10 sessions of 120minutes and completed the research questionnaires before and after training. In order to analyze the data in the traditional way, SPSS25 statistical software and Matlab software were used for fuzzy data analysis. The results show that financial therapy based on the approach of acceptance and commitment to increase financial literacy, improve money management And personal financial management are effective in both quantitatively and qualitatively.Another result of this study is more accurate measurement of fuzzy model for evaluating the effectiveness of financial therapy based on acceptance and commitment than the traditional evaluation method.