IDEAS home Printed from https://ideas.repec.org/a/vrs/finprj/v1y2015i1p55-72n1004.html
   My bibliography  Save this article

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

Author

Listed:
  • Ajzerle Sanja

    (Griffith University, Brisbane, Queensland, Tel: +61 7 3735 7111, Australia)

  • Brimble Mark

    (Griffith Business School, Griffith University, Brisbane, Queensland, Tel: + 61 7 3382 1355, Australia)

  • Freudenberg Brett

    (Griffith University, Brisbane, Queensland, Tel: + 61 7 3382 1196, Australia)

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.

Suggested Citation

Handle: RePEc:vrs:finprj:v:1:y:2015:i:1:p:55-72:n:1004
DOI: 10.2478/fprj-2015-0004
as

Download full text from publisher

File URL: https://doi.org/10.2478/fprj-2015-0004
Download Restriction: no
File URL: https://libkey.io/10.2478/fprj-2015-0004?utm_source=ideas
LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
---><---

More about this item

Keywords

Personal debt; budget; credit card; effective debt;
All these keywords.

JEL classification:

  • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
  • E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers

Statistics

Access and download statistics

Corrections

All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:vrs:finprj:v:1:y:2015:i:1:p:55-72:n:1004. See general information about how to correct material in RePEc.

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

We have no bibliographic references for this item. You can help adding them by using this form .

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peter Golla (email available below). General contact details of provider: https://www.sciendo.com .

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.