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SMMC News & Events Blog
This blog highlights news, events, and informative articles on personal finance from University of Illinois System's Student Money Management Center. Feel free to navigate to different categories with the list of topics on the right or search for a specific topic next to the view all link below.

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  • Podcast: The Money-Stress Habit Cycle

    Sep 15, 2025 12:00 pm by Andrea PellegriniPodcastsBudgetsCreditEducationSpend

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    The Money-Stress Habit Cycle

    In the latest episode of Making Cents of money, learn about the habits that can impact your financial decisions and how stress plays a role in your spending.

    You can also listen to this episode on Spotify and Apple Podcasts.

    References for This Episode

    Mental Health Crisis Resources

    If you are experiencing a mental health crisis, immediate help is available through these trusted resources:

    Educational Resources

    Get Savvy Webinar:

    Watch the Money, Stress, & Bad Habits webinar on YouTube (opens in new tab)

    This educational webinar explores the complex relationship between financial stress and behavioral patterns, providing practical strategies for managing money-related anxiety and breaking unhealthy financial habits.

    Relevant Podcast Episodes

    Explore these podcast episodes for additional insights on financial wellness and mental health:

    Research & Other References

    • American Psychological Association. (2015, February 4). American Psychological Association survey shows money stress weighing on Americans' health nationwide.  (opens in new tab)
    • American Psychological Association. (2023). Stress in America 2023: A nation recovering from collective trauma. (opens in new tab)
    • Falconier, M. K., & Epstein, N. B. (2011). Couples experiencing financial strain: What we know and what we can do. Family Relations, 60(3), 303–317.
    • Gelman, A., & Kliger, D. (2021). Effect of time-induced stress on financial decision making in real markets. PloS One, 16(11), e0123740.
    • Heo, W., Cho, S. H., & Lee, P. (2020). APR Financial Stress Scale: Development and validation of a multidimensional measurement. Journal of Financial Therapy, 11(1), 2.  (opens in new tab)
    • Lazarus, R. S., & Folkman, S. (1984). Stress, appraisal, and coping. Springer Publishing Company.
    • Narayan, A. (2024). The impact of financial stress on workplace harassment and discrimination. Management Science, 70(4), 2447–2458.
    • Ong, A. D., Sturgeon, J. A., Arewasikporn, A., Okun, M. A., Davis, M. C., & Zautra, A. J. (2015). The psychosocial context of financial stress: Implications for inflammation and psychological health. Psychosomatic Medicine, 77(2), 187–194.
    • Porcelli, A. J., & Delgado, M. R. (2009). Acute stress modulates risk taking in financial decision making. Psychological Science, 20(3), 278–285.
    • Shafir, E., Mullainathan, S., & Shafir, E. (2013). Scarcity: Why having too little means so much. Times Books.
    • Van Boven, L., & Gilovich, T. (2003). To do or to have? That is the question. Journal of Personality and Social Psychology, 85(6), 1193–1202.
    • Wilke, J., & Boden, J. M. (2021). Financial scarcity and financial avoidance: A prospective study. Journal of Economic Psychology, 87, 102408.

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