More than a quarter of all Canadians have received a bath savings payment in the last six months, according to a new study.
The study, which surveyed about 1,500 Canadians between January and June, also found that many Canadians are more likely to be satisfied with their purchases than others.
“We’re finding Canadians are pretty satisfied with the purchase,” said David B. Caulfield, senior vice-president and chief executive officer of the Association of Personal Financial Advisers, in a statement.
“They’re not satisfied with every purchase they make.
They’re satisfied with what they spend on things.”
A survey released in January found that 39 per cent of Canadians said they would like to see more affordable options for their bath costs.
But, BCA president Paul M. Sibbett said the study shows there is a need for a more consistent approach to bath savings.
“A bath savings program is a great way to keep your money safe,” he said.
“You’re not just putting your money into a bank account and saving it.”
Sibbett also said the survey showed a wide variety of consumer preferences, from people who wanted to save money on their first bath purchase to people who were looking for a new bath that fits their style.
“In many ways, this is an example of why you need more choice,” he added.
Bath savings is a relatively new way to save for bath, which is considered a major expense.
In 2014, there were almost 8.3 million bath and body wash orders for Canadians, accounting for about 11 per cent for the total spending on goods and services.
A $10 savings account has also been a staple for many consumers.
Many companies offer them through their website, or offer discounts on items such as toothpaste and soap.
But that doesn’t mean all people who use the service will save for a bath.
In a recent CBC News survey, more than half of people surveyed said they have had trouble saving for their first Bath Savings Payment, or BBP, because of their spending habits.
The survey was conducted between April and June 2016 and has a margin of error of plus or minus 3.3 per cent, 19 times out of 20.