Poles do not spend money on whims

Poles do not spend money on whims

The vast majority of Poles declare that they do not spend money on unnecessary whims. Seniors are the most numerous in this group.

As many as 77% of Poles declared that they try to avoid spending money on unnecessary whims, according to the report “Poles’ Own Wallet: thrifty like a Pole” prepared by Santander Consumer Bank. Seniors are the most thrifty.

According to a study published by the bank, 35% of respondents definitely consider themselves to be people who avoid unnecessary spending, while 42% answered that they are “rather” such people. People over 70 years of age most often describe themselves as people who avoid unnecessary spending, with 58% of respondents indicating this answer. People living in rural areas are also much more frugal (40%).

It turns out that two thirds of Poles from this group (66%) try to buy only those things that they need. Another commonly used method is comparing offers in stores and choosing cheaper options (36%). The last place on the podium was taken ex aequo by making shopping lists and buying during promotions or sales (in both cases 35% of respondents avoiding unnecessary expenses). Every eleventh respondent who avoids unnecessary expenses claims that buying for cash helps them to do this (9%), while others limit the amounts spent on transport or negotiate prices (5% of indications in both cases).

– it was written in the study.

However, 15% of respondents do not avoid unnecessary spending, and most often these are people earning from PLN 5,000 to PLN 6,999 net or more (44%). Only 4% of Poles definitely do not avoid unnecessary spending.

When it comes to controlling expenses, Poles most often use a spreadsheet (31%) or their bank’s mobile app to analyze and manage expenses (28%).