In this paper, we discuss issues related with conceptual definition and measurement of financial management behavior. Specifically, we examine the relationships among the management behavior relating to throughput, inputs, and outputs, based on the financial management systems model. Fer the analysis, we have reviewed articles that dealt with financial management behavior utilizing financial management systems model. The articles we reviewed appeared between the year 1986 to 2000, in four journals published in Korea (Journal of Korean Home Economics Association, Journal of Korean Home Management Association, Journal of Consumer Studies, and Journal of Korean Family Resource Management) as well as five home economics journals published in the U.S. The implications for the future research of financial management are also Presented.