What is 'spaving' and how can you avoid this financial trap?

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Publicado 2024-05-08
More people find themselves buying items they don’t need just because they’re on sale. This form of impulse buying is called “spaving” — spending more to save more. NBC’s Christine Romans joins TODAY to break down the different types of “spaving” and how to avoid falling into the financial trap.

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#money #spending #savings

Todos los comentarios (19)
  • If you buy things solely because they are “on sale”, you are not saving anything. A deal is only a deal if you need the item(s) to begin with.
  • @Starburstguy
    “forgive me for I have spaved” Has to be one of the best quick witted response one liners in the history of news telecast 😅
  • @mikemprov1303
    That's why I don't shop at Kroger with their BUY MORE SAVE MORE deals. I don't need eight cans of soup, six tubes of toothpaste or, ten bags of cheese curls. You'll notice it's all snack foods or convenience foods. You never find fresh produce like that.
  • @hummersd
    Really take a hard look at your spending. Only truly spend if you need it, or you're saving a ton on something. Most name brands are just brands; go generic. One card I do like is Apple Card, because the high-yield savings account you can open with it (and need the card to open it). It's a game of trying to hit savings targets because it shows you the chart over time of how much you have (or had). So when I budget several months out with estimated costs, that's one element I try to keep pushing towards a savings goal. Next I need to tackle investments, but once I have that savings saved up, I can move to the next goal and so on. It's all possible (and I'm still significantly behind for my future-future), but you do have to pay careful attention to it and work on it day by day, week by week, etc.)
  • @zacharysherry2910
    I made a list of things that are worth doing with this in a spreadsheet (Costco lol) and it turned out it was only about 12-14 items (like diapers). It's really not worth it for so many things.
  • Free shipping is a good deal. Just buy the things you NEED in the amount that gets you free shipping. Make a list. It's not even hard.
  • @doctorbeanis
    Spending more than coming in?? Isn't that what Congress does every day??
  • @riceandbeans2019
    I think spaving for lots of ppl is an ego thing " look at the savings I got" " look at the wise decision I made"
  • Is this how companies are using AI? A computer looks at your online spending habits and sends you "special offers"?
  • @jarmyvicious
    ....the term sounds somewhat like an oxymoron to me. If the character that Steve Martin portrayed wanted to do things right, he would have just bought three packs of hotdogs and two packs if buns to even things up, or two packs of hotdogs and one pack of buns along with a can of pork and beans to make a meal with those extra four hotdogs.