A survey commissioned by Visa shows Australians cannot account for $59 cash a week (that's $3,068 per person a year) - more than double the international average in the survey.
Where does the cash go?
In Australia, consumers who lost track of their cash said they were more likely to "mystery spend" (meaning spending cash they can't account for) while purchasing food and groceries (44%), socialising (40%), leisure shopping (38%), buying snacks (30%), or dining out (24%).
It's easier to keep track of where you're spending your money if you have a budget.