Finance·Original Research Articles
The global financial system has undergone a major transformation from a predominantly cash based economy to a credit-driven and digital economy. Among various financial instruments, credit cards have emerged as one of the most widely used tools for facilitating transactions. Initially introduced to enhance convenience and security, credit cards now play a central role in shaping consumer spending behaviour, lifestyle choices, and financial decision-making. Credit cards offer several benefits such as cashless transactions, deferred payment options, fraud protection, reward programs, and access to short-term credit. These features make them attractive to consumers across income groups, particularly in urban areas. However, the same features that provide convenience can also weaken personal financial discipline. Deferred payment, high credit limits, and reward-driven spending may encourage impulsive purchases, excessive borrowing, and accumulation of highinterest debt.
Author-selected default: APA 7th Edition. Switch style tabs to reformat.
GURUNATHAN, S. (2026). A STUDY ON THE IMPACT OF CREDIT CARD USAGE ON PERSONAL FINANCIAL DISCIPLINE. ShodhSutra, 1(1), 37–42. https://doi.org/10.5281/zenodo.23811627
Keep reading
This paper investigates the impact of macroeconomic announcements on gold prices (XAU/USD) in the forex market and the corresponding behavioral responses of retail investors, with particular focus on the Indian market. Using a mixed-methods approach combining a primary survey of 100 respondents with secondary data analysis, the study finds that interest rate decisions by the U.S. Federal Reserve and inflation data (CPI) are the most influential drivers of gold price volatility. Correlation analysis yielded r = 0.76, confirming a strong positive relationship between macroeconomic news and gold price movements. Both hypotheses of the study are accepted: macroeconomic announcements significantly affect gold price volatility, and investor awareness of such announcements significantly influences trading behavior. The study also reveals that 40% of retail traders rely primarily on social media for financial information, underscoring the need for structured financial literacy programs. The findings contribute to bridging macroeconomic theory with behavioral finance in the context of Indian forex gold trading.
This study focuses on understanding the role of Artificial Intelligence (AI) in enhancing efficiency and decision-making in the Indian capital market. The capital market plays a vital role in economic growth by connecting investors and businesses, and with the advancement of technology, AI has become an important tool in transforming financial operations. The study highlights how AI-driven systems such as algorithmic trading, robo-advisors, and predictive analytics are improving trading speed, accuracy, and risk management. It also examines how AI reduces human bias and supports data-driven decision-making. At the same time, the study identifies challenges such as regulatory concerns, cybersecurity risks, and lack of transparency in AI systems. Overall, the research concludes that AI is significantly improving the efficiency of the Indian capital market while also creating the need for proper regulation and responsible implementation.
Financial literacy has become an essential component for ensuring financial inclusion and economic stability, particularly in a rapidly developing country like India. This research study evaluates the effectiveness of financial literacy programs implemented by major regulatory and educational institutions, primarily the National Institute of Securities Markets (NISM) and the Reserve Bank of India (RBI), in Thane and Mumbai Districts of Maharashtra. The study focuses on key determinants of financial literacy: financial knowledge, financial behaviour, financial attitude, and awareness of government-led initiatives. From a survey conducted among 101 respondents, findings indicate low awareness of NISM’s educational initiatives (only 14.9%) and moderately satisfactory awareness of RBI’s financial literacy campaign, “RBI Kehta Hai” (around 75%). Additionally, older respondents reflected stronger financial knowledge—aligning with national survey insights suggesting gradual improvement in financial literacy since 2013. The study concludes that financial literacy programs require modernization and wider outreach. Recommendations include leveraging digital education, collaborating with local institutions, and designing age-targeted initiatives to improve public financial well-being.
