The average UK adult spends a total of £57,434 over their working lives on daily treats, new research has revealed.

The research from CreditExpert.co.uk surveyed 1,500 people in the UK and found that on average people in the UK were spending £1,222 a year on items such as lattes, soft drinks, daytime snacks, lottery tickets, taxis, and gym memberships that they never used.

The results from the research sponsored by the online credit monitoring firm showed that 26-35 year olds spend the most on treats, splashing out £1,492 a year.

Yet the average person in the UK could save £102 a week if they didn’t splash out on the treats. And by reinvesting the £102 a month spent on daily treats to their mortgage payments, the average person could knock eight and a half years off their homeloan.

Jim Hodgkins, managing director of CreditExpert.co.uk, said: “Our research highlights that the little decisions we make everyday, such as whether to buy a coffee or a small treat, can soon add up. In the long term, they will make a real difference, one way or the other.