CONTRIBUTIONS IN CZECH OR SLOVAK

Objective. Financial competence of an individual is not only about financial knowledge, but also about attitudes and beliefs. We regard consideration of future consequences of own financial behavior (CFC-F) as the key variable in personal finance management. That is why we focused our research on the predictors of this tendency. Method 50 financial professionals and 50 non-professionals with equal representation of men and women in each group, average age 37, with university (72%) and secondary education (28%), participated in the study. The questionnaire was administered with subscales of knowledge, attitudes, beliefs and consideration offuture consequences in the personalfinance domain. Results. Linear regression analysis has shown that important positive predictors for CFC-F are professional experience, positive attitudes towards personalfinance management, and debt rejection. Financial literacy, surprisingly, predicted CFC-F negatively. Conclusions. Research results point to the importance of attitudes towards personal finance and suggest that financial knowledge may not contribute to considering the consequences of financial behavior. Findings can be useful in drawing up financial education programs. Limitations. Study limits include a small sample ofparticipants and online administration of questionnaires.