Finance expert sounds alarm over 'spaving' trend: An old 'trap' with a new name hitting your wallet

  • 📰 FoxBusiness
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 53%

Business News News

Business Business Latest News,Business Business Headlines

Kuderna Financial Team founder and 'What Should I Do with My Money?' author Bryan Kuderna shares advice to consumers on how to avoid falling for the 'spaving' trap.

"Spaving" – spending more to save – is an old "trap" with a new name hitting grocery stores, retailers and even online gambling. Though there are times "spaving" is worthwhile, one personal finance expert outlined how consumers can avoid becoming the "victim" of the marketing ploy.

GEN Z LEAN ON CREDIT MORE THAN MILLENNIALS DID AND RACKING UP MORE DEBT Consumers must first remind themselves to "buy what you intend to buy," he stressed. "Don't buy what you feel pressured to buy. That's when you become almost like a victim of the marketing ploy. And that's obviously good for the retailer but not good for the consumer.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 458. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Beyond Banking Apps: How Embedded Finance Is Reshaping FinanceIvo Gueorguiev, co-founder at Paynetics. Read Ivo Gueorguiev's full executive profile here.
Source: ForbesTech - 🏆 318. / 59 Read more »

Behavioral FinanceBehavioral finance is the study of how psychology affects investor behavior and financial markets.
Source: PsychToday - 🏆 714. / 51 Read more »

Why FinTech is set to dominate the financial industry?The financial industry stands on the brink of a transformative era driven by Financial Technology (FinTech).
Source: FXStreetNews - 🏆 14. / 72 Read more »