A STUDY ON THE IMPACT OF DIGITAL FINANCIAL LITERACY ON DEBT MANAGEMENT

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