research-article

Money talks: tracking personal finances

Authors:

Joseph Jofish Kaye,

Mary McCuistion,

Rebecca Gulotta,

David A. ShammaAuthors Info & Claims

CHI '14: Proceedings of the SIGCHI Conference on Human Factors in Computing Systems

Pages 521 - 530

https://doi.org/10.1145/2556288.2556975

Published: 26 April 2014 Publication History

Get Access

Abstract

How do people keep track of their money? In this paper we present a preliminary scoping study of how 14 individuals in the San Francisco Bay Area earn, save, spend and understand money and their personal and family finances. We describe the practices we developed for exploring the sensitive topic of money, and then discuss three sets of findings. The first is the emotional component of the relationship people have with their finances. Second, we discuss the tools and processes people used to keep track of their financial situation. Finally we discuss how people account for the unknown and unpredictable nature of the future through their financial decisions. We conclude by discussing the future of studies of money and finance in HCI, and reflect on the opportunities for improving tools to aid people in managing and planning their finances.

References

[1]

Bell, G. 2012. Messy Futures: Culture, Technology and Research. In Proc. CHI '10, ACM, New York NY, USA.

Digital Library

Google Scholar

[2]

Blythe, M., Monk, A., & Park, J. (2002). Technology biographies: field study techniques for home use product development. Ext. Abs. CHI 2002 658--659, ACM.

Digital Library

Google Scholar

[3]

Collins, D, Morduch, J., Rutherford, S., & Ruthven, O. (2010). Portfolios of the Poor: How the World's Poor Live on $2 a Day. Princeton University Press.

Google Scholar

[4]

Gaver, B., Dunne, T. & Pacenti, E. 1999. Design: Cultural probes. interactions 6(1), 21--29.

Digital Library

Google Scholar

[5]

Kaye, J. 'J.' (2014) The Financial Tour. In Evaluating and Designing for Domestic Life: Research Methods for HCI. Judge & Neustader, Eds. Morgan Kaufmann.

Google Scholar

[6]

Kiyosaki, R. T. (2004). Rich Dad, Poor Dad. New York, NY: Warner Books.

Google Scholar

[7]

Lampe, C., Ellison, N., & Steinfield, C. (2006). A Face (book) in the crowd: Social searching vs. social browsing. In Proc. CSCW'06, ACM, 167--170.

Digital Library

Google Scholar

[8]

Mainwaring, S. D., Anderson, K., & Chang, M. F. (2005). Living for the global city: Mobile kits, urban interfaces, and ubicomp. Proc. Ubicomp'05 SpringerVerlag, Berlin, Heidelberg, 269--286.

Digital Library

Google Scholar

[9]

Persky, J. "Retrospectives: The Ethology of Homo Economicus." (1995) J. of Econ. Persp., 9(2) 221--231.

Google Scholar

[10]

Robbins, A. (1999). Wealth Mastery: Essential strategies for financial freedom. San Diego: Robbins Research International, Inc.

Google Scholar

[11]

Stocks, J., Díaz, C., & Halleröd, B. (2007). Modern couples sharing money, sharing life. Palgrave McMillian.

Google Scholar

[12]

Vines, J., Blythe, M., Dunphy, P., & Monk, A. (2011). Eighty something: banking for the older old. In Proc BCS-HCI '11. British Computer Society, UK, 64--73.

Digital Library

Google Scholar

[13]

Vines, J., Dunphy, P., Blythe, M., Lindsay, S., Monk, A. & Olivier, P. 2012. The joy of cheques: trust, paper and eighty somethings. In Proc. CSCW'12 ACM, New York, NY, USA, 147--156.

Digital Library

Google Scholar

[14]

Zellizer, V. A. (1997). The Social Meaning of Money: Pin Money, Paychecks, Poor Relief and Other Currencies. Princeton University Press.

Google Scholar

Cited By

View all

Dethier EStevens GBoden A(2024)Digitalization of administrative work at homei-com10.1515/icom-2024-0035Online publication date: 7-Oct-2024
https://doi.org/10.1515/icom-2024-0035
Candello HSoella GNascimento L(2024)Designing multi-model conversational AI financial systems: understanding sensitive values of women entrepreneurs in BrazilProceedings of the 2024 ACM International Conference on Interactive Media Experiences Workshops10.1145/3672406.3672409(11-18)Online publication date: 12-Jun-2024
https://dl.acm.org/doi/10.1145/3672406.3672409
Elsden CDisley MSpeed C(2024)Designing with Transactional Data: FTML and Money/Data LaunderingProceedings of the 2024 ACM Designing Interactive Systems Conference10.1145/3643834.3660742(301-313)Online publication date: 1-Jul-2024
https://dl.acm.org/doi/10.1145/3643834.3660742
Show More Cited By

Index Terms

Money talks: tracking personal finances
1. Human-centered computing

Recommendations

Follow the Money: Managing Personal Finance Digitally
CHI '19: Proceedings of the 2019 CHI Conference on Human Factors in Computing Systems

The move towards digital payments and mobile money, and away from physical cash and banking services offers users opportunities to change the ways that they can spend, save and manage their money through a variety of personal financial management ...
Inflation function of the money supply and level of unemployment under equilibrium conditions in a market system

Based on a mathematical model of market self-regulation of inflation, it is shown that a positive inflation rate is the necessary condition of annual economic growth. Inflation is less by one than the product of money deflator and production deflator. ...
Market Madness? The Case of Mad Money

We use the popular television show Mad Money, hosted by Jim Cramer, to test theories of attention and limits to arbitrage. Stock recommendations on Mad Money constitute attention shocks to a large audience of individual traders. We find that stock ...

Comments

Please enable JavaScript to view thecomments powered by Disqus.

Information & Contributors

Information

Published In

CHI '14: Proceedings of the SIGCHI Conference on Human Factors in Computing Systems

April 2014

4206 pages

ISBN:9781450324731

DOI:10.1145/2556288

General Chairs:
Matt Jones
Swansea University, Wales, UK
,
Philippe Palanque
Université Paul Sabatier, France
,
Program Chairs:
Albrecht Schmidt
University of Stuttgart, Germany
,
Tovi Grossman
Autodesk Research, Canada

Permission to make digital or hard copies of all or part of this work for personal or classroom use is granted without fee provided that copies are not made or distributed for profit or commercial advantage and that copies bear this notice and the full citation on the first page. Copyrights for components of this work owned by others than the author(s) must be honored. Abstracting with credit is permitted. To copy otherwise, or republish, to post on servers or to redistribute to lists, requires prior specific permission and/or a fee. Request permissions from [email protected].

Publisher

Association for Computing Machinery

New York, NY, United States

Publication History

Published: 26 April 2014

Permissions

Request permissions for this article.

Request Permissions

Check for updates

Author Tags

Qualifiers

Research-article

Conference

CHI '14

Sponsor:

SIGCHI

CHI '14: CHI Conference on Human Factors in Computing Systems

April 26 - May 1, 2014

Ontario, Toronto, Canada

Acceptance Rates

CHI '14 Paper Acceptance Rate 465 of 2,043 submissions, 23%;

Overall Acceptance Rate 6,199 of 26,314 submissions, 24%

Upcoming Conference

CHI '25

Sponsor:
sigchi

CHI Conference on Human Factors in Computing Systems

April 26 - May 1, 2025

Yokohama , Japan

Contributors

Other Metrics

View Article Metrics

Bibliometrics & Citations

Bibliometrics

Article Metrics

88
Total Citations
View Citations
2,059
Total Downloads

Downloads (Last 12 months)233
Downloads (Last 6 weeks)27

Reflects downloads up to 18 Nov 2024

Other Metrics

View Author Metrics

Citations

Cited By

View all

Dethier EStevens GBoden A(2024)Digitalization of administrative work at homei-com10.1515/icom-2024-0035Online publication date: 7-Oct-2024
https://doi.org/10.1515/icom-2024-0035
Candello HSoella GNascimento L(2024)Designing multi-model conversational AI financial systems: understanding sensitive values of women entrepreneurs in BrazilProceedings of the 2024 ACM International Conference on Interactive Media Experiences Workshops10.1145/3672406.3672409(11-18)Online publication date: 12-Jun-2024
https://dl.acm.org/doi/10.1145/3672406.3672409
Elsden CDisley MSpeed C(2024)Designing with Transactional Data: FTML and Money/Data LaunderingProceedings of the 2024 ACM Designing Interactive Systems Conference10.1145/3643834.3660742(301-313)Online publication date: 1-Jul-2024
https://dl.acm.org/doi/10.1145/3643834.3660742
Li LFreeman GKnijnenburg B(2024)Beyond Just Money Transactions: How Digital P2P Payments (Re)shape Existing Offline Interpersonal RelationshipsProceedings of the ACM on Human-Computer Interaction10.1145/36373018:CSCW1(1-36)Online publication date: 26-Apr-2024
https://dl.acm.org/doi/10.1145/3637301
Li LFreeman GDuan W(2024)Exploring Redesigning Digital P2P Payments to Facilitate Social Connections: A Participatory Design ApproachExtended Abstracts of the CHI Conference on Human Factors in Computing Systems10.1145/3613905.3651095(1-8)Online publication date: 11-May-2024
https://dl.acm.org/doi/10.1145/3613905.3651095
Dev HGupta RKumar D(2024)From Cash to Cashless: UPI's Impact on Spending Behavior among Indian UsersExtended Abstracts of the CHI Conference on Human Factors in Computing Systems10.1145/3613905.3651050(1-10)Online publication date: 11-May-2024
https://dl.acm.org/doi/10.1145/3613905.3651050
Kou YMoradzadeh SGui X(2024)Trading as Gambling: Social Investing and Financial Risks on the r/WallStreetBets SubredditProceedings of the 2024 CHI Conference on Human Factors in Computing Systems10.1145/3613904.3642768(1-17)Online publication date: 11-May-2024
https://dl.acm.org/doi/10.1145/3613904.3642768
Hernandez RSong QKou YGui X(2024)"At the end of the day, I am accountable": Gig Workers' Self-Tracking for Multi-Dimensional Accountability ManagementProceedings of the 2024 CHI Conference on Human Factors in Computing Systems10.1145/3613904.3642151(1-20)Online publication date: 11-May-2024
https://dl.acm.org/doi/10.1145/3613904.3642151
Alenazi MSas C(2024)Creating and Managing Transactions and Budgets: Analysis of Marketplace Descriptions and Functionality Review of Budgeting AppsInteracting with Computers10.1093/iwc/iwae041Online publication date: 18-Sep-2024
https://doi.org/10.1093/iwc/iwae041
Kamber EMaguire MTehrani EMazachowsky TMahy C(2024)The impact of strategies on young children’s saving for the futureJournal of Experimental Child Psychology10.1016/j.jecp.2024.105995246(105995)Online publication date: Oct-2024
https://doi.org/10.1016/j.jecp.2024.105995
Show More Cited By

View Options

Login options

Check if you have access through your login credentials or your institution to get full access on this article.

Cited By

Index Terms

Recommendations

Follow the Money: Managing Personal Finance Digitally

Inflation function of the money supply and level of unemployment under equilibrium conditions in a market system

Market Madness? The Case of Mad Money