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Australians want to be better spenders

by Staff Reporter7 minute read
The Adviser

Staff Reporter

A vast majority of Australians wish they were more financially savvy, according to new data.

Research conducted by CreditCardFinder.com.au found 84 per cent of Australians acknowledged wanting to be more aware about their finances.

According to a survey of more than 1,000 Australians, 82.8 per cent of respondents believe that making a budget and sticking to it is the only way to achieve financial success.

Only 5.8 per cent believe that a personal finance comparison website can help their financial situation.

CreditCardFinder.com.au publisher Jeremy Cabral said it was important for Australians to compare their rates on a regular basis across all of their financial products to see if they could possibly get a better deal.

“Savvy spenders are those that regularly compare finance products on the market, seek a better deal, switch and save money in the process,” he said. “They research their options and continually do this to ensure they are getting the most bang for their buck.”

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