A finder.com.au report reveals Australia’s secret spending habits

A new report from finder.com.au reveals the secret spending habits of Australians.

Australians spend around $11 billion each year on purchases such as gambling, adult entertainment and clothing, most of which they are likely to hide from their partners.

A www.finder.com.au report surveyed 1035 Australians to reveal their secret spending habits and, according to the report, most Australians may be shocked to find out about their partner’s hidden purchases.

Aussie blokes spend nearly three times more ($4596) per year on secret purchases compared to women, who spend about $1476, although the girls are more likely to hide their purchases from their partners. In fact, 23 per cent of women engage in covert spending compared to men, who cover up 20 per cent of the time.

The top five most hidden purchases are adult entertainment (1.6 per cent), guilt foods (4.2 per cent), cigarettes (1.4 per cent), gambling (4.3 per cent ) and clothing (5.1 per cent). Men will generally hide spending on adult entertainment and gambling, whereas women hide their clothing purchases.

Generation Y (18–35 year olds) take out the secret spending award, with average stealthy spending of around $2054 per year. Gen X spend about $1173 and Baby Boomers a mere $318. Most use cash (44 per cent), which is difficult to trace, but many still use credit cards (26 per cent) and debit cards (17 per cent), some of which are ‘secret’ credit cards for this very type of activity.

Money expert Bessie Hassan from www.finder.com estimates that Australians are approximately $1196 in debt because of their clandestine buying.

“Some people are just in denial about their spending habits,” said Ms Hassan. “If you have to hide purchases from a partner, it's probably because you know you shouldn't be buying the items at all. Some go as far as having secret credit cards to pay for all of it without getting busted by their partner.”

“Covert credit card behaviour is a slippery slope,” she added.

Read the www.finder.com.au report

Do you hide purchases from your partner? Are you surprised that men secretly spend more than women?

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    COMMENTS

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    12th Apr 2016
    10:52am
    I spend on 'guilt foods' (chocolate) and clothing, and I never hide my spending. Don't have to. My partner is delighted to see me indulging myself now and again and gets as much pleasure from my spending as I do.
    old-age worker
    12th Apr 2016
    11:47am
    I wouldn't bother. I cant afford any of my "own" spending as it is. But my partner has "hidden" purchases - on my credit card!
    Cleverly disguised as "chemist bills" etc. The secret is to buy your treats at a chemist etc and say it's medications. The bills on the credit card statement aren't itemised.
    Or buy a "little something extra" when purchasing a justifiable item - again, keep the receipt and just let the total show on the credit card bill. - or when grocery shopping - same applies.
    This is great for chocolates etc (but I dont mind if they DID spend my money on chocolates etc for themselves).
    Or better, go to the doctor. Put the bill on your partners card, but then claim the refund and pocket it. All been done before.
    old-age worker
    13th Apr 2016
    9:14am
    The point of my posting is that it's all on MY cards. I pay for everything.
    But I cant/dont/wouldn't be able to justify spending MY hard-earned on myself, because it is MY responsibility to make sure my partner has everything they want, first.
    Right now, my partner is on a three-month holiday overseas. Me?
    Well, I have spent a lot of my savings on OUR new kitchen...
    About the same cost, too I'd say.
    Hasbeen
    12th Apr 2016
    1:08pm
    Doesn't work for me. I buy remote controlled planes to fly with the grand kids. We do crash them a bit, which requires the purchase of repair materials, spare parts & occasional planes.

    The suppliers, or their computer send you a thank you email, a receipt email, then a dispatch email. Then Pay Pal send a couple of emails, all of which come in on the family computer, but also on that thing, phone, I pad, smart phone or what ever it is she never puts down.

    I'd have to become a whole lot more tech savvy to find out how to hide my purchases.
    Oars
    12th Apr 2016
    6:04pm
    Well this is very amusing, as I don't hide the fact that I spend about $100 per month on good wine. That is my last vice- gave the rest up -some time ago- pity. No more secrets from this kid.

    13th Apr 2016
    12:09am
    I stupidly used my card to pay My lady friend down the pink kittenfor my happy endings
    The divorce cost me a bomb