Theepa Cappelli

Theepa Cappelli


PhD Student
MSc Psychological Science; BSc (Hons) Accountancy and Finance

Academic and research departments

School of Psychology.

About

My research project

My qualifications

2021 - 2022
MSc in Psychological Sciences
Brunel University
1999 - 2002
BSC in Accountancy and Finance
University of East Anglia

Affiliations and memberships

Association of Chartered Certified Accountants
Fellow of the Association of Chartered Certified Accountants (FCCA)

Research

Research interests

Publications

Theepa Cappelli, Adrian P. Banks, Benjamin Gardner (2024)Understanding money-management behaviour and its potential determinants among undergraduate students: A scoping review, In: PloS one19(8)e0307137 Public Library of Science

BackgroundUniversity students typically face acute financial pressure, which can adversely impact mental health, wellbeing, and academic outcomes. This scoping review of qualitative and quantitative studies aimed to identify distinct money-management behaviours, and psychological determinants, to inform future interventions.MethodsTwo electronic databases were searched for observational studies focusing on money-management behaviours and their correlates (in quantitative studies) or reflections on experiences of such behaviours (qualitative studies). Of 789 unique papers identified, 12 papers, reporting 10 distinct studies (six quantitative, two qualitative, two mixed-methods), were entered into review. We inductively categorised all behaviours and psychological correlates, and narratively synthesised findings.ResultsWe documented 15 distinct money-management behaviours, which fitted five higher-order categories: budgeting, saving (i.e., building funds), spending, borrowing, and settling debts. Twenty-two distinct potential correlates were observed, which fitted six categories: personality characteristics, financial beliefs and knowledge, attitudes, affective responses, self-efficacy and control, and social influences. Financial beliefs and knowledge, attitudes, self-efficacy and control, and social support from parents and peers were generally associated with ‘better’ money management practices.ConclusionHeterogeneity in behaviours and correlates studied precluded definitive conclusions. Future studies should more comprehensively adopt theories and concepts from behavioural science, to distinguish between different money-management behaviours, identify which behaviours have most impact on students, and establish which specific determinants are most related to which money-management behaviours.nd