Household Debt Management Based on The Principles of Ditthadhamikattaprayot

Abstract

The results of the study found that debt refers to a relationship between two parties to create acceptance and negotiation of rights that both parties should receive by looking at each other’s benefits. Household debt is divided into 2 types: 1. Formal debt is a debt that debtors make with financial institutions or banks that are certified and controlled by law, and 2. Informal debt is a debt that debtors cannot borrow from financial institutions or banks, so they use informal debt services. The principle of Dhammakathaprayot isa moral principle that is beneficial in the present and can be used to manage household debt. It consists of 4 principles: 1) Uthansampatha is diligence and perseverance. 2) Arakkhasampatha is protecting wealth that is earned through diligence and perseverance in a legitimate way. 3) Kalyanamitta is associating with good friends who are complete in faith, morality, generosity, and wisdom. 4) Samajiva is living a simple life, knowing the path to wealth and the path to wealth loss.