Women address credit cards

Mozo

Friday 03 April 2009

New figures show more women are addressing their credit cards as part of overall attempts to safeguard their own financial footing.

AAP reports that credit cards are an area of focus both in terms of spending less on plastic and clearing existing debts owed.

The results of the survey of 200 female consumers by Citi Fin-Q show that ten per cent more women are now budgeting strictly for their outgoings.

From a 2007 proportion of 18 per cent of women doing so, the figure has now reached 28 per cent, or more than one in four.

A similar increase has been seen in the proportion of women who are putting money aside on a daily basis.

From its 27 per cent level in 2007, this has since risen by ten percentage points to reach a current proportion of 37 per cent of all female consumers surveyed.

The news reflects previous figures reported by The Australian which showed that, during February, women made cutbacks on their spending reflected in lower expenditure on credit cards.

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