Household Budget Management: Selected Statistical Aspects
Household Budget Management: Selected Statistical Aspects

Summary/Abstract: Household budget management plays an important role in shaping the socio-economic situation of individuals. The aim of the article is to examine the structure of income and expenditure of Polish households and ways in which its finances are managed on the basis of data from GUS Household Budget Survey of 2022. In addition it is to determine the factors differentiating ways of effectively managing a household budget as expressed through selected aspects. Planning, organization, motivation and control of household finances are discussed, emphasizing the importance of meeting the needs of household members. The empirical part shows the development of distribution of the income and expenditure of households. Attention is paid to differentiation due to the assessment of the financial situation of the household while an ordered logit regression model was used to identify factors differentiating the methods of effective management of a household budget through selected aspects. As a result of this modelling, four classes of household budget management were identified. An attempt was also made to define effective management of a household budget.

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