Australians Confess To $1 Billion Vices

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4th February 2010, 03:05pm - Views: 976





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MEDIA RELEASE

4 February 2010


Australians confess to $1 billon vices 


It was never going to be news that Aussies enjoy a drink, a shop, a smoke or a coffee. But

how much does it cost to feed our habits?


Financial comparison website Mozo.com.au has thrown down the gauntlet and challenged

Australians to put a price on their vices, courtesy of Mozo's Vice Calculator. And it's

punching out some big numbers: the national admitted spend on vices has officially hit $1

billion — and counting.


Fashion is weighing in as our most-indulged vice at a current tally of $350 million.

Surprisingly enough, gadgets clock in at second place with $210 million, with booze a

distant third at $95 million. 


Rohan Gamble, managing director of Mozo said, “With this campaign we set out to get

some enlightening insights into the spending habits of everyday Australians, but who would

have guessed we’ve become a nation of fashionable geeks? With most individual vice

calculations in the $100s of thousands it will be interesting to see just how many people will

be spurred into action and make changes to their spending habits.”


Mozo's Race for Vice President campaign runs through til March 1.



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For more information, or to arrange an interview with Rohan Gamble, please contact:

Kylie Moss, Mozo Communications Director

P (02) 9037 4372          M 043 030 2424           E kylie.moss@mozo.com.au


About Mozo.com.au

Mozo is an online financial comparison service that launched in October 2008 to help Australians

navigate the money maze. Mozo lets consumers easily compare the interest rates, fees and features

of hundreds of different credit cards, loans and savings products. Mozo is independently owned and

our product data is 100 per cent objective.







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