At Solution Loans, we wanted to find out which reckless spending habits are leaving Brits strapped for cash this Christmas so we conducted an online study (10,000 participants) to learn more. With options ranging from making unnecessary impulse purchases to paying for unused subscriptions, we asked the general public to let us know which bad spending habits they were guilty of. Respondents were able to select more than one answer, and the results are included below segmented by gender, age group and geography. Topline results: Question: Which of these bad spending habits do you have? Making unnecessary impulse purchases: 42.6% Failing to negotiate better deals on monthly bills: 23.7% Paying for subscriptions you don’t use: 20.2% Living in your overdraft: 17.0% Using credit cards for everyday essentials: 13.0% Exceeding your phone contract limits: 12.5% By Gender Men: Making unnecessary impulse purchases: 41.0% Failing to negotiate better deals on monthly bills: 24.6% Paying for sub
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Britain’s Bad Spending Habits Revealed
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