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

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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.

 

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