<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>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.</p>
</abstract>

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.

A (W)hole in the Financial Budget: Budgeting’s Influence on the Effective Use of Credit Card Debt in Australia

Financial Planning Research Journal

This work is licensed under the Creative Commons Attribution 4.0 International License.

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...

A (W)hole in the Financial Budget: Budgeting’s Influence on the Effective Use of Credit Card Debt in Australia

Published Online: Mar 17, 2024

Page range: 55 - 72

Received: Oct 30, 2015

Accepted: Dec 23, 2015

DOI: https://doi.org/10.2478/fprj-2015-0004

© 2015 Sanja Ajzerle et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.