Supiano, Beckie. "For Students, the New Kind of Literacy Is Financial College offer programs in managing money. (Cover story)." Chronicle of Higher Education 55.2 (2008): A1-A38. Academic Search Complete. EBSCO. Web. 18 Nov. 2010. This is an article that was the cover story. It was based on schools such as Texas Tech that have actual course at their institution that is based upon financial literacy and the knowledge of spending one's own money. Texas Tech is one of many schools that have a class like this one. The class in itself teaches students proper spending techniques. The purpose of the class is to teach students how to budget money, save when the time is right, and to buy only things or items that they can afford.

Shim, Soyeon, et al. "Financial Socialization of First-year College Students: The Roles of Parents, Work, and Education." Journal of Youth & Adolescence 39.12 (2010): 1457-1470. Academic Search Complete. EBSCO. Web. 18 Nov. 2010. This article is based on first year college students regarding financial literacy. This study tested over two thousand students on their financial behaviors, financial tendencies, and financial knowledge. The study showed that students who had grown up with parents with good financial tendencies, also showed these strong tendencies. The study also said that when the students tested had developed good techniques at a young age, they were more then likely to have good techniques as adults. Lastly, the study confirmed that it takes a combination of financial literacy, financial behavior, and financial knowledge together in order to achieve a set of strong techniques.

Chien-Wen, Lai. "How Financial Attitudes and Practices Influence the Impulsive Buying Behavior of College and University Students." Social Behavior & Personality: An International Journal 38.3 (2010): 373-380. Academic Search Complete. EBSCO. Web. 18 Nov. 2010. This article shows certain indications, or in other words tell tale signs that many people who have problems with financial spending hold in common. The article has tables that show results on whether or not students had plans on how to spend their money, if they actually kept track of their money, and why they spent their money. The main point of the article was the difference between compulsive, and pre-determined purchases of college students. I also thought that this article would be good because the field work was done on international students. This shows that financial literacy is just not a problem amongst college students in the states. This problem is occurring all over the world and this article shows that.

Palmer, Lance, et al. "IMPROVING FINANCIAL AWARENESS AMONG COLLEGE STUDENTS: ASSESSMENT OF A FINANCIAL MANAGEMENT PROJECT." College Student Journal 44.3 (2010): 659-676. Academic Search Complete. EBSCO. Web. 18 Nov. 2010. The article served as a study that was done on college students. It was an intervention that mainly forced college students to track just how they spent their money. The purpose of the experiment was to bring awareness to the students at the end to show them what possible mistakes, or poor expenditures they had made. The study showed that when students tracked how they spent their money, they universally increased their spending knowledge, and made very few careless purchases. When these students actually tracked how they spent their money the study showed that they realized the values that their parents and guardians had taught them.

Jorgensen, Bryce L., and Jyoti Savla. "Financial Literacy of Young Adults: The Importance of Parental Socialization." Family Relations 59.4 (2010): 465-478. Academic Search Complete. EBSCO. Web. 18 Nov. 2010. The article is in short summarized by the title. The article suggests that young adults who have a strong family background, and have received financial knowledge from either their parents, or a close mentor, will do much better with managing their finances. The journal's main emphasis was to show which parts of financial literacy was influenced by these standards. Although most students financial knowledge was no greater then the next, most that came from a strong family background had higher financial behavior and financial attitude.

Robb, Cliff A., and Deanna L. Sharpe. "Effect of Personal Financial Knowledge on College Students' Credit Card Behavior." Financial Counseling & Planning 20.1 (2009): 25-43. Academic Search Complete. EBSCO. Web. 17 Nov. 2010. This journal is based on a survey done on almost 7000 college students. The purpose was to see how they spent their credit card money, and what knowledge, if any, they possessed. Financial knowledge was huge in this study when it came to smart spending. However, the article also says that many college students that had a high level of intelligence when it came to financial knowledge still had large credit card balances. This journal article shows that even people who are educated in financial literacy still can have major credit card debts and problems with spending.

Mandell, Lewis, and Linda Schmid Klein. "The Impact of Financial Literacy Education on Subsequent Financial Behavior." Financial Counseling & Planning 20.1 (2009): 15-24. Academic Search Complete. EBSCO. Web. 17 Nov. 2010. This article will be fantastic as a counter argument to my paper. Every good paper needs some form of argument against to make the argument for even stronger. The journal is a study based on 79 high school students. These students in years prior had completed a course that dealt with managing their finances. The study showed that these kids were no smarter, or held any knowledge that other students didn't regarding financial literacy and spending. I thought that this journal was great because it showed that it might not even be the education that lead to poor spending. Also the students who took the course even noted that they did not spend their money in the right ways.

LUSARDI, ANNAMARIA, OLIVIA S. MITCHELL, and VILSA CURTO. "Financial Literacy among the Young." Journal of Consumer Affairs 44.2 (2010): 358-380. Academic Search Complete. EBSCO. Web. 17 Nov. This article will be very strong for my paper. For the purpose of my research paper, I would like to focus on young adults. This journal article is directed specifically towards that. In the journal, there was a study done on high school and college level aged students who were asked questions regarding inflation, interest rates, and risk diversification. The best part of this article is that it show that students who are from a solid background, or have been to college, know much more about financiall literacy and how their money will spent in the future. I can use much of this information and studies in my paper.

HUSTON, SANDRA J. "Measuring Financial Literacy." Journal of Consumer Affairs 44.2 (2010): 296-316. Academic Search Complete. EBSCO. Web. 17 Nov. 2010. This journal was written by Sandra Huston. In her journal she attempts to define exactly what financial literacy is. She argues that many other scholars will not address this part of the subject, which she thinks is the main problem. She also goes on to state just what kinds of obstacles people face who do not have the knowledge, or are not well educated on Financial Literacy. She even makes a statement that it is her belief that the US has problems with welfare because of lack of finance knowledge, especially when it comes to spending. The information will serve great purpose for my introduction and conclusion as well as backup for my main paragraphs.

Scotch, Allison. "Cash-Flow Control." Financiallit.org. Institute for Financial Literacy, 15 July 2005. Web. 3 Nov. 2010. Website with several articles regarding topic. The article for this topic is entitled: "Cash-Flow Control." This can easily be found by going to the URL above and clicking on research and articles. It is the third of four articles. The article that I have chosen to use regards how to spend your money wisely. In short, the article's main purpose is to show people smart spending habits, and how to save yourself from unnecessary purchases. It is the author's goal in this article to show the reader to shop and buy smarter. Many ideas are given to save money. First, the author, Allison Scotch, says to not be fooled by sales. We should also avoid spending too much on our pets, over-shopping at the market, paying late fees, overpaying taxes, being careless with loose change, and eating out for dinner. All of these categories, when managed wisely will reduce your fees and leave you with more money in your pocket.