Mashhad Family Economics Management Styles

The main goal of the present study is to identify the different styles of household financial management. The research method used is the grounded theory with a deep interviewing tool. The statistical population consisted of all household heads living in Mashhad in 2018. In this study, 15 samples were selected by purposive sampling. Findings showed two styles of household economic management, including rational and irrational styles. The critical components of this concept are the mobilization of material and spiritual resources, desirability, attention to the crisis, equilibrium, and financial habits .Future-oriented, crisis, the balance in income and expenses" are variables that drive family economics towards rationalization. Also, the false financial habits drive towards towards rationalization. In this regard, other sub- styles were also identified. Rational economic management styles include (comprehensive rationality, rational desirability, rational futureoriented). Also, irrational styles are (irrational satisfaction, irrational future-oriented ,comprehensive irrationality).