New research from UBank reveals Australia is a nation of spenders – we’re spending $31 billion annually of our savings.

We wanted to find out if we could understand the mindset behind spending and saving behaviours and see if we can “train our brains” to make better financial decisions.

Here’s a look at what we found. The results may surprise you!

The opinions expressed in this video are those of the interviewees and do not reflect the views of UBank. The content has been prepared without taking account of individual financial objectives, needs or financial situation. It does not constitute formal advice.