Credit Card Stress - When Do People Start Worrying?

The Amount's Pretty Up There!


Article heading image for Credit Card Stress - When Do People Start Worrying?

Canberrans aren’t too worried about racking up credit card debt – until the balance reaches $3477.

We have the fifth highest credit card debt level in Australia – when it comes to the point where it causes stress.

Currently, Aussie households have a whopping $52.5 billion on the plastic.

A poll from Finder.com also shows men are a bit more easy going when it comes to credit card debt than women. Men become concerned with their debt reaches $4999, while women start to feel anxious at $3605. 

The advice is to go for a 0% interest rate card if you have multiple credit accounts, and try to repay the balance in full during that period.

The Federal Government's Money Smart website also has tips.

21 February 2017




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