Loyal Aussies are throwing cash away

Loyalty is an increasingly rare quality that should be celebrated, but in some cases staying faithful to a particular brand can cost people dearly.

According to new research undertaken by the Sunday Mail, Aussies are keen to buy groceries that have been grown or produced in the country, but this is proving to be very costly.

The price of homegrown goods is generally higher than imported products and people are paying up to $60 more than necessary when purchasing Australian food.

Although this will ultimately benefit the economy and create jobs for Aussie workers, remaining loyal is doing nothing to ease the strain on people's bank accounts.

Households are constantly looking for ways to save money during these austere times and many Aussies may wish to reassess their shopping habits

That said, AgForce spokeswoman Stacey Milner believes Australian groceries are definitely worth the extra money.

"Labour costs are a major factor in Australian prices, but the products are generally superior when it comes to freshness and food safety," she was quoted as saying.

Have a question about bank accounts? Ask the money gurus at Mozo Answers.ADNFCR-1761-ID-801460337-ADNFCR