Anastasiya Ghosh, University of Arizona: Using Budgets to Improve Consumer Financial Decision-Making

Many consumers have a difficult time managing their limited financial resources, often struggling to curb spending and stay debt-free. The financial industry advises consumers to set budgets for expenses and monitor spending in real-time. Using data from a large financial tracking application, Anastasiya explores whether consumers always benefit from such budgeting efforts, and identifies biases in budget setting and adherence.

budgeting,insights,