A STUDY ON THE IMPACT OF DIGITAL FINANCIAL LITERACY ON DEBT MANAGEMENT: Submitted: June 27, 2024 ,Revised: July 07, 2024, Accepted: July 21, 2024,      https://doi.org/10.56815/IJMRR.V3I3.2024/148-156

PRASAD ARUN DANDEKAR; SURYAKANT CHAUGULE

doi:10.56815/IJMRR.V3I3.2024/148-156

Authors

PRASAD ARUN DANDEKAR Research Scholar, R.G. Bagdia Arts, S.B. Lakhotia Commerce and R. Bezonji Science College, Jalna, India.
SURYAKANT CHAUGULE Head & Research Guide. (Business Administration & M.Law) Department of Commerce, J.E.S. College, Jalna, India

https://doi.org/10.56815/IJMRR.V3I3.2024/148-156

Keywords:

Debt Management, Digital Financial Literacy, DFL, SEM, SMARTPLS

Abstract

Digital financial literacy is essential because it enables people to use current technology to manage their finances effectively, improving their capacity to avoid fraud and make wise decisions. Better saving, investing, and budgeting techniques are made easier by it, which enhances financial security and stability. Good debt management helps people plan and prioritise debt payments, preventing excessive interest and penalties, which is crucial for preserving financial health. The focus of this research paper was to analyse the impact of digital financial literacy on debt management. The technique used in this study is SEM using SMARTPLS. The outcome of the study indicated that there is a significant impact of digital financial literacy on debt management.