Systems, methods, and computer program products for automatically managing periodic debt payments and savings contributions are constructed to determine an allocation structure for each periodic payment between a debt obligation and a savings fund via a non-transitory computer-readable medium including a payment management program, a benefit management processor, and a data storage device in operable arrangement therewith. The payment management program includes a payment allocation module having a computer executable allocation code segment configured to apportion the payment election into a debt portion and a savings portion and a fund disbursement module having a computer executable disbursement code segment configured to electronically disburse the debt portion of the payment election to the lender in a periodic manner according to a loan repayment schedule and to electronically disburse the savings portion to the savings account of the lendee in a periodic manner according to a savings contribution schedule.