Can Personal Budget Management Services Improve Debt Repayments? A Study Using Budget Data*-Reference-Cited by-同舟云学术

Can Personal Budget Management Services Improve Debt Repayments? A Study Using Budget Data*

Published:2022-12-01 Issue:1 Volume:8 Page:10-25
ISSN:2206-1355
Container-title:Financial Planning Research Journal
language:en
Short-container-title:

Author:

Madakkatel Iqbal¹,Chiera Belinda²,McDonnell Mark D.³

Affiliation:

1. Computational Learning Systems Laboratory, UniSA STEM, University of South Australia , Mawson Lakes Campus , Mawson Lakes , South Australia , Phone +61 481 300 017

2. UniSA STEM, University of South Australia , City West Campus , Adelaide , South Australia

3. Computational Learning Systems Laboratory, UniSA STEM, University of South Australia , Mawson Lakes Campus , Mawson Lakes , South Australia

Abstract

ABSTRACT We investigate the effect of personal budget management services provided by a financial institution on undesirable debts of 4,256 individuals and families over a period of one year using objective budget data spanning three years. Results from this study using an Australian dataset show that the majority of the participants reduced their debt repayments and debt repayment to income ratio over a period of one year, Our results also show that the majority of the participants hod an increase in funds available for living expenses and savings.

Publisher

Walter de Gruyter GmbH

Link

https://www.sciendo.com/pdf/10.2478/fprj-2022-0001

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