A (W)hole in the financial budget: Budgeting's influence on the effective use of credit card debt in Australia

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Author(s)
Ajzerle, Sanja
Brimble, Mark
Freudenberg, Brett
Year published
2015
Metadata
Show full item recordAbstract
Credit card debt has become intrinsic to the way of life
and are accepted as part of modern day living. This
paper examines to what extent personal budgeting can
influence the effective use of Australian credit card
debt. The findings suggest that the most effective credit
card debtors are those who consider they do not need
a budget due to low income and expenses followed by
those without a budget but often earning in excess of
$180,000 p.a. Participants with the lowest effective use
of credit card debt are those who do have a budget but
rarely follow it.Credit card debt has become intrinsic to the way of life
and are accepted as part of modern day living. This
paper examines to what extent personal budgeting can
influence the effective use of Australian credit card
debt. The findings suggest that the most effective credit
card debtors are those who consider they do not need
a budget due to low income and expenses followed by
those without a budget but often earning in excess of
$180,000 p.a. Participants with the lowest effective use
of credit card debt are those who do have a budget but
rarely follow it.
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Journal Title
Financial Planning Research Journal
Volume
1
Issue
1
Copyright Statement
© 2015 Griffith University. The attached file is reproduced here in accordance with the copyright policy of the publisher. Please refer to the journal's website for access to the definitive, published version.
Subject
Banking, Finance and Investment not elsewhere classified