Many Canadians are struggling to curb unconscious spending habits as the cost of living continues to rise.

 

That’s according to a recent survey conducted by FP Canada, the body that certifies financial planners in the country, which adds more than half of Canadians are concerned about their current financial state.

 

David Christianson, a financial planner with Christianson Wealth Management in Winnipeg, goes over some examples of what unconscious spending looks like.

 

“The definitions in the study were things like automatically charging subscriptions to credit cards and buying extra things at check out either at a store or when you are checking out online. That’s where they put tempting little things so buying those things automatically without thinking about it, that’s another form of unconscious spending. There is also buying more than you want in order to get a perk, something like free delivery for example. Say, I spent 50 dollars on what I really needed but if I spend 125 dollars, they will give me free delivery so I’m going to buy some things I don’t need.”

 

Christianson recommends that people who are concerned about their spending habits can come up with a budget or spending plan to help phase out unconscious spending habits.

 

For more about unconscious spending, hear the full interview on Thompson Today at 12:40 and 5:10 this afternoon.