If you’ve ever splurged on a new outfit or drinks on a night out and later regretted it, you’re not alone.
New research from Finder found a massive 58 per cent of Aussies - or about 11.6 million people - felt guilty about their spending.
The biggest sources of regret were eating out (59 per cent), buying clothing and shoes (57 per cent) and splurging on beauty and skin care (31 per cent).
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Almost one in three of us (30 per cent) felt guilty after buying drinks at a bar or pub. Spending money on homewares, gifts for other people, Ubers and taxis, travel and events also made the list of Aussies’ regrets.
Women (75 per cent) were almost twice as likely to have money regret than men (40 per cent), according to the survey of more than 1,000 Aussies, while Gen Zs were the most likely to experience money guilt (86 per cent), followed by Millennials (69 per cent).
As we head into the sale season, credit card expert at Finder Amy Bradney-George encouraged Aussies to be more mindful with their spending to help ease future money guilt.
“Black Friday is just around the corner, and is a great time to get a bargain. But focusing on what you need will help you stick to your budget and what’s affordable,” Bradney-George said.
“Make a wishlist and shop around so you can be sure you’re getting the best bang for your buck – and that it’s within your budget.”
More than half of Aussies (52 per cent) said they shopped around before making a purchase, Finder found in separate research, while a quarter (28 per cent) waited until the item went on sale. 15 per cent of Aussies craved ‘instant gratification’ and would buy things straight away.
There’s no one right approach to spending money, Bradney-George said.
“As long as it’s within your means, spending your hard-earned cash on something that makes you happy shouldn’t leave you filled with regret,” she said.