Have you ever bought a stunning of pair of heels and then felt guilty about it because they cost your weekly salary? Well, you’re not alone! Apparently, 72% of Australians have felt guilty about spending money (according to research commissioned by Evolution Media Group), with 22% saying it happens regularly! We’re quite a feel-guilty lot, and Vanessa Stoykov – a finance and money expert, and creator of Channel Nine’s Learn From The Money Masters: The Investment Series – explores this tendency with our spending habits in her new book The Breakfast Club for 40-Somethings. According to Vanessa, “The fact that such a significant number of Australians feel guilty for spending their own hard-earned money is frightening. From my experience, most negative emotions associated with money come from lack of awareness. Making payments blindly, without knowing how much is or isn’t in the bank account, is a scary feeling for anyone.” Other data from the research is equally alarming:
- Only a mere 22% of people refrain from buying items they can’t afford.
- Females are almost three times more likely to feel guilty about their spending habits on a regular basis….