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

摘要

Credit card debt has become intrinsic to the way of lifeand are accepted as part of modern day living. Thispaper examines to what extent personal budgeting caninfluence the effective use of Australian credit carddebt. The findings suggest that the most effective creditcard debtors are those who consider they do not needa budget due to low income and expenses followed bythose without a budget but often earning in excess of$180,000 p.a. Participants with the lowest effective useof credit card debt are those who do have a budget butrarely follow it.