The online purchase problem
e’re all guilty of spending money on things we don’t need. We know it’s wrong, but we do it anyway. We are smart enough to see through our own tricks when we splurge on a luxury— that’s how we know we can change these habits. But what about the things we waste money on that we don’t acknowledge— because we don’t even know about them?
Last year, with the help of millennial expert Joan Kuhl, South Africa Cosmopolitan conducted a survey of millennials. Part of the survey’s focus was spending habits. Our findings showed that 78% of millennials surveyed are employed, 96% have a bank account, and 62% are actively saving money for a big purchase.