“Spaving” is the act of spending more to trigger savings, usually seen in promotions where you must buy more items to get discounts or freebies. Despite the appeal of saving money, experts warn that spaving usually leads to overspending as consumers end up buying things they don’t need or want. The concept of spaving has been around for a long time, with retailers using deals to entice customers to spend more. While some spaving offers can be a good deal, such as securing free shipping by adding a few more dollars to your cart, many end up making consumers spend more money without providing significant savings. To avoid falling into the trap of overspending through spaving, experts recommend making a shopping list, setting a budget, doing the math to ensure real savings, and taking time to think before committing to a deal. In the end, true savings come from only buying items you need, can afford, and will use, rather than giving in to the lure of additional discounts or freebies that only lead to unnecessary purchases.
Photo credit
www.usatoday.com
‘Spending Too Much on ‘Spaving’ Can Hurt Your Budget’
