Posted on 05/19/2024 8:40:12 AM PDT by Libloather
"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.
"The whole concept of ‘spaving’ is to get consumers to buy more," Kuderna Financial Team founder and "What Should I Do with My Money?" author Bryan Kuderna told Fox News Digital.
"You see different examples like that all throughout the economy. And where it hurts the consumer is if it encourages them to essentially waste money to buy more than it's necessary, just so that they feel like, okay, now I'm getting the deal."
Some of the most prominent "spaving" deals are promotions like "buy one, get one," in-store "cash" to use on future purchases, free gifts or even programs like "subscribe and save."
"They're all just different marketing ploys to get consumers to buy more, and in certain instances that works great," Kuderna said. "If we're using coupons to get what we need, and we also got a bargain at the same time, then certainly it's a win-win. But as we see so many times… it's not."
Americans have been struggling under the weight of inflationary pressures for years and higher prices after COVID lockdowns prompted more households to rely on credit cards to make purchases.
From 2021 to the end of 2023, credit balances jumped 47% – the steepest three-year climb on record. Credit analysts also predict the 2024 first quarter credit card debt will likely smash record highs.
(Excerpt) Read more at foxbusiness.com ...
I went shopping at a store, loaded up on some good stuff. At the register the lady asked if I wanted to “join their buying club” and save $14?!! I said sure! She cleverly (she thought) hid the fact that she was signing me up for a new credit card.
I played dumb. Waited for the statement, paid it in full and canceled the credit card.
I’ve never spaved! I’m one of the smart ones on that trick.
I always ask, how many do I need to by before there free?
”To love”
”He clearly said, ‘to spave’
”Liar!”
FTTW
Spaving. Spending trillions on getting immigrant/poor to vote your party in eternally.
Works, but not for the country.
Spaving is OK if you have the discipline to buy only items that you really need.
Hey. Costco was built on spaving. 🤣
Completely agree. And it actually took me decades to learn that.
I’ve been on both sides of spaving. That is sometimes it’s really saved me a good deal of money and other times I bought crap I didn’t need.
it derives from those who idolize blacks. Blacks have done it for years, and to “Be Cool” whites think they got a handle on it. I for one reject the concept across the board after we were blessed with Juneteenth... that was it for me...
That is a Kohls ploy. I’ve done it several times. Pay it off, cancel. Then do it again.
I am not the best with correct English according to my EX but I am really getting tired of all these made-up words and slashed up grammar.
Was this how “Idiocracy” started?
We already had Dwayne Elizondo Mountain Dew Herbert Camacho as President.
I’ll take Camacho over Pudding Head.
Actually, it's how "English" as a language started and continues evolving. It is a bastard tongue. Even those who spoke Brittonic were slinging Latin terms and mangling words throughout.
Lol true. I’m guilty
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