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The purpose of this paper is to develop a framework to explain and describe the daily cash flow management processes of families. From data gathered through semi-structured interviews, themes are developed and linked into a daily cash flow management framework. The proposed model suggests that families have a process for managing money. The process focuses on short-term viability through safety, control, comfort, and routine aspects. Cash flow activities are motivated by the near future, feelings and values, experience, and situational knowledge. The framework fills a gap in existing research about motivating factors underlying the actual money management patterns of families | Cash Flow Management A Framework Of Daily Family Activities Glenn Muske1 and Mary Winter2 The purpose of this paper is to develop a framework to explain and describe the daily cash flow management processes of families. From data gathered through semi-structured interviews themes are developed and linked into a daily cash flow management framework. The proposed model suggests that families have a process for managing money. The process focuses on short-term viability through safety control comfort and routine aspects. Cash flow activities are motivated by the near future feelings and values experience and situational knowledge. The framework fills a gap in existing research about motivating factors underlying the actual money management patterns of families. Key Words Cash flow management Family finance Family resource management Money management Personal financial behavior Introduction For years scientists have been interested in the family s financial management procedures and processes. Monroe 1974 describing the work of Davies 1795 Eden 1797 and later Engel 1857 and LePlay 1878 saw these authors as forerunners in studying the expenditure patterns and management styles of the family Liston 1993 . The family s cash management practices have been of particular interest Godwin 1990a 1990b . In 1912 Mitchell examined not only what the family bought but also the buying process itself. He wrote that making money and spending money are correlated. Of the two he suggested that spending money was the more pleasurable task. He noted however that important as spending is we have developed less skill in its practice than in the practice of making money.To spend money is easy to spend it well is hard Liston 1993 . Today family resource management professionals as well as family development theorists economists and sociologists continue to examine not only where the family spends their money but also how they spend it or the methods or system used. Even though family money .
