Buck the spending trends

According to recent research from Mortgage Choice and Core Data, 35% of Australians give in to the temptation to spend money to keep up appearances. It seems that more than a third of us can’t help but follow the urge to upgrade our current lifestyle, even if that means missing out on important future goals like buying a home. “Although it’s very tempting to keep up with trends, it can be a dangerous strategy to live for today and not have a strategic plan for your longer-term financial security,” said Susan Mitchell, Mortgage Choice CEO.” “Worryingly, the research also revealed that 38% of Australians are choosing to forgo buying their own home in order to keep up appearances.”

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