CEU Electronic Theses and Dissertations, 2020
| Author | Dobi, Csenge |
|---|---|
| Title | The Impact of Financial Skills and Habits on Personal Financial Stress |
| Summary | According to Salarify’s webpage, more than 33% of Hungarians are exposed to financial-related stress. They cannot afford unexpected expenses. They did not have any option to finance these unexpected expenses, just before last year when a start-up company called Salarify started their operation. The platform which was developed by Salarify’s team enables companies’ employees to get access to the salaries they have earned but not received yet. This start-up was the first company to establish a platform like this in the Central European market. This start-up company wants to expand their business, and they aim to help people by teaching them to make financially conscious decisions. The thesis aims to see whether the creation of this application is feasible and is needed by the users of Salarify. By analysing the effects of financial habits on their personal financial stress and their rating of their financial status will help to see what elements this platform should include. The findings prove the hypothesis correct. The survey respondents would be open to using a platform which would help manage their personal finance betterIt is found that using financial habits has a significant positive effect on both the rating of financial status, and by using these personal financing habits, the stress level diminishes. It can be concluded that the app must support the users in using different financial habits, to manage their personal finances better. Besides, that other different features could be introduced, which would help the user extensively. |
| Supervisor | Szilágyi, Péter |
| Department | Economics MA |
| Full text | https://www.etd.ceu.edu/2020/dobi_csenge.pdf |
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