76% of Canadians know they spend frivolously
But have a hard time stopping
This article in the Financial Post begins with the revelation that a 25 year old Toronto real estate agent and her roommate are spending upwards of $4,160 on frozen yogurt each year.
Several poor consumer spending habits are highlighted including the fact that only 24% of consumers are debt free, which is down from 26% the previous year, and more are feeling anxiety about their debts up to 38% from 34%.
Shopping vices are things you regret buying and often involve impulse buys that blow your budget. A credit card company poll reveals our top vices include:
- going out for dinner 29%
- buying cigarettes 26%
- going out for lunch 25%
- clothing 24%
- lottery ticket purchases 24%
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