Patrick Payne
Professional Statement:
Humanity has a complex relationship with money. It affects every part of our lives, whether we think it should or not. This powerful, complex, and often misunderstood relationship is what makes personal finance so interesting to study for me.
My passion is helping people live better, happier lives through better money management. I became a professor because I saw many abuses from charlatans masquerading as ethical financial professionals and I wanted to make a difference. Whether it's teaching financial literacy to people directly or training the next generation of ethical and competent professional financial planners, my goal is to have every household have the best financial experience they can have.
BIO:
Professor Payne holds a Ph.D. in Personal Financial Planning from Texas Tech University, along with an MBA from Utah Valley University and dual B.S. degrees in Finance and Economics from Utah State University. His academic teaching journey includes positions at Texas Tech University as a Post-Doctoral Research Associate, Western Carolina University as an Assistant Professor of Finance, and currently at the University of Arizona as an Associate Professor of Practice in Personal and Family Financial Planning. His extensive academic experience is complemented by his licensure as a Certified Financial Planner®, marking him as a distinguished educator in academia. His books and teaching materials are available through his publisher on MidasClassroom.com
Family and Consumer Finance
Retirement Planning
Estate Planning
Investment Management
Insurance Planning
Strategic Money Method
Patrick Payne, PhD, CFP®, is an Associate Professor of Personal & Family Financial Planning at the University of Arizona and the creator of the Strategic Money Classroom. He is the author of The Strategic Money Method, a practical guide for building intentional financial decisions, and Foundations of Personal Financial Strategy, a textbook designed for high school and college classrooms. His teaching integrates these works with interactive games, applied cases, and strategy-driven frameworks that help students connect financial tools to goals, tradeoffs, and real-world outcomes.
StrategieMoneyMethod.com
Financial Literacy Education
Behavioral finance
Retirement income planning
Financial risk attitudes and perceptions
Payne, P., & Asebedo, S. (2019). Two‐factor risk preference for investment market and credit card risk. Financial Planning Review, 2(3-4), e1062.
Payne, P., Browning, C., & Kalenkoski, C. M. (2019). Risk Tolerance and the Financial Satisfaction of Credit-Card Users. Journal of Financial Counseling and Planning.
Allen, G., Payne, P., & Grube, A. J. (2019). Not for Long: A Case Study of a Professional Athlete Who Fell from Riches to Rags. Global Sport Business Journal, 7(1).
Asebedo, S., & Payne, P. (2017). Market Volatility and Financial Satisfaction: The Role of Financial Self-Efficacy. Journal of Behavioral Finance
Payne, P., Browning, C., & Kalenkoski, C. M. (2016). Public Reaction to Stock Market Volatility: Evidence from the ATUS. Applied Economic Letters.
Guillemette, M., Browning, C., & Payne, P. (2015). Don’t Like the Picture? Change the Frame: The Impact of Cognitive Ability and Framing on Risky Choice. Applied Economics Letters, 22(18), 1515-1518.