Two-in-five credit card holders don't prioritise paying down their balances, new research from Finder shows.
Share this @internewscast.com

Australians are using credit cards to cover everyday expenses, new research from Finder shows.

With the ongoing cost-of-living challenges, a survey from the comparison website revealed that 11 percent of participants have used credit cards for everyday expenses.

For those who have credit card debt, 40 per cent don’t prioritise paying down what they owe.

Two-in-five credit card holders don't prioritise paying down their balances, new research from Finder shows.
Almost 30 per cent of survey respondents are putting other expenses ahead of their credit card balances. (Getty)

Nearly 30 percent of those surveyed indicated they prioritized other expenses first, and 11 percent mentioned they were unable to pay down their credit card debt.

The survey found fewer women than men prioritised paying down their credit card debt.

Meanwhile, seven per cent of men said they could not afford to pay off their debt compared to 16 per cent of women.

Finder money expert Sarah Megginson said millions risked spiralling debt as a growing number put credit card repayments last.

“Neglecting to address credit card debt leaves millions of Australians stuck in a cycle, complicating budget management and causing significant stress,” Megginson explained.

For those who have credit card debt, 40 per cent don’t prioritise paying down what they owe. (Nikki Short)

“Plastic debt can quickly snowball because of the high interest rates and end up costing you far more than you borrowed.

“Every month you delay paying it off, you’re giving your bank more of your hard-earned money in interest.”

Meggison urged people to seek out help to get themselves into a more comfortable position.

“Managing credit card debts can feel overwhelming, like constantly shifting debt between accounts each month, but assistance is available,” she added.

“If your debts are snowballing, you can contact the National Debt Helpline for free financial counselling.”

Share this @internewscast.com
You May Also Like

Louvre Security Lapses Blamed for Daring Jewelry Heist, Says Museum Director

The Louvre’s cameras failed to detect burglars in time to prevent their…
Just one month ago, Jenna Ellen had started her first IVF treatment and was optimistic about starting a family with the love of her life

31-Year-Old Jenna’s Journey: Overlooked Cancer Warning Signs Every Young Woman Should Know

Just a month ago, Jenna Ellen embarked on her first IVF journey,…
Millions in the firing line of record-breaking heat

Unprecedented Heat Wave Puts Millions at Risk

Queensland is currently experiencing a severe heatwave, prompting authorities to urge residents…
North Korea's stolen crypto billions revealed

North Korea’s Crypto Heist Exposed: Billions in Stolen Digital Assets Uncovered

North Korean hackers have managed to steal billions by infiltrating cryptocurrency exchanges…

Australian PM Defends Kevin Rudd’s Gift Choices for Donald Trump Amid Unveilings

Opposition leader Sussan Ley has walked back on calls for Kevin Rudd…
James Vlassakis arrives at the Adelaide Magistrates Court.

Attorney-General Demands Urgent Review: Controversial Parole Decision for Infamous Snowtown Killer Under Scrutiny

The South Australian attorney-general has taken steps to challenge the recent decision…
For the past three years and eight months, Tom Phillips, 38, has been on the run, hiding out in the wilds of New Zealand. With him are his three children, Jayda, 12, Maverick, ten, and Ember, nine. Pictured: An image of what is believed to be the missing family, taken by a hunter

Enigmatic Partner Unveiled: Fugitive Father and Children Survive Four-Year Wilderness Escape in New Zealand

Some call him ‘The Bushman,’ while others refer to him as ‘The…
New Zealand primary school teacher Jordan Shallcrass revealed her ultimate art class hack in the Ryobi USB Lithium Power Cutter, available for $89 at Bunnings

School Teacher’s Discovery Turns Bunnings Gadget into Must-Have Item: ‘A True Game Changer

A primary school teacher in New Zealand has uncovered a surprising crafting…
Rebecca, from New Zealand, was unfazed as she enjoyed a frozen mango treat while her son had a tantrum because he wanted her to share

Outrage Erupts as ‘Selfish’ Mother’s Response to Crying Toddler Draws Sympathy and Criticism

A mother’s decision not to share her ice cream with her tearful…

Australia Deploys ADF Liaison Officer to Support US-Led Gaza Peace Taskforce Initiative

An official from the Australian Defence Force (ADF) will be sent to…
US sanctions Russian oil, blasts Putin over 'senseless war'

U.S. Targets Russian Oil with Sanctions, Criticizes Putin’s ‘Unnecessary Conflict

US Treasury Secretary Scott Bessent has announced new sanctions against Russia’s two…
Louvre boss admits failure after jewel heist, says she offered to resign

Louvre Director Acknowledges Shortcomings Following Jewel Heist, Offers Resignation

The director of the Louvre Museum has acknowledged a “terrible failure” at…