The Institute of Personal Financial Planning was established four years ago as part of the department of family studies and human services at Kansas State University. The purpose of the institute is to reach out to the broad community with research and other activities. The ultimate objective of the Institute of Personal Financial Planning is to change knowledge, attitudes and behaviors related to personal finance.
The institute is responsible for editing the Journal of Personal Finance, which is a grant-funded activity. This journal circulates to approximately 3,000 U.S. and 1,000 international financial planners.
Current research topics include examining the factors associated with the choice of seeking help for financial problems from a financial professional or nonprofessional, assessing the link between personal financial behaviors and employee productivity, developing and testing frameworks for understanding the determinants of financial satisfaction, assessing financial risk tolerance as a component of the financial planning process and enhancing perceived self-efficacy or one's belief in his or her capabilities to reach financial potential.