Spaving
Spaving is a marketing strategy where consumers are encouraged to spend money to gain access to savings. Common spaving tactics include discounts, sales, and promotions such as free shipping at a certain threshold and buy one, get one free.[1] The term is a portmanteau of the words spending and saving.[2] Spaving has been popularized by online retailers and social media.[3]
Spaving has been criticized as a financial pitfall causing consumers to purchase more than needed and creating excessive buying habits.[4][5][1]
Consumers engage in spaving due to fear of missing out and loss aversion.[6] Consumers who excessively engage in spaving are referred to as spavers.[7]
References
- ^ a b Dickler, Jessica (6 May 2024). "Americans can't stop 'spaving' — here's how to avoid this financial trap". CNBC. Retrieved 19 May 2024.
- ^ Nair, Deepthi (22 December 2023). "What is spaving and how can you avoid this financial trap?". The National. Retrieved 19 May 2024.
- ^ "Americans can't stop 'spaving' — here's how to avoid this financial trap". TODAY.com. 8 May 2024. Retrieved 19 May 2024.
- ^ Coggins, Madeline (14 May 2024). "Finance expert sounds alarm over 'spaving' trend: An old 'trap' with a new name hitting your wallet". FOXBusiness. Retrieved 19 May 2024.
- ^ "Breaking down 'spaving,' does saving money by spending it work?". Yahoo Finance. 17 May 2024. Retrieved 19 May 2024.
- ^ Cerullo, Megan (13 May 2024). "Think "spaving" — or spending to save — can save you money? Think again. - CBS News". www.cbsnews.com. Retrieved 19 May 2024.
- ^ Bologna, Caroline (9 November 2023). "Are You Guilty Of 'Spaving'? Here's How To Spot The Toxic Spending Habit". HuffPost. Retrieved 19 May 2024.
- v
- t
- e
diagnostic categories
- Computer addiction
- Internet addiction disorder
- Internet sex addiction
- Online problem gambling
- Problematic smartphone use
- Nomophobia
- Problematic social media use
- Television addiction
- Video game addiction
- Digital anthropology
- Digital sociology
- Ergonomics
- Neuroscience
- Psychiatry
- Psychology
psychiatric conditions
- Behavioral addiction
- Behavioral modernity
- Body image
- Criticism of Facebook
- Cyberbullying
- Cyberpathology
- Digital detox
- Digital zombie
- Evolution of cognition
- Evolutionary mismatch
- Fear of missing out
- Mobile phones and driving safety
- Promotion of anorexia
- Psychological effects of Internet use
- Screen time
- Smartphones and pedestrian safety
- Social media and suicide
- Spaving
- Suicide and the Internet
- Technophilia
- Technostress
- Texting while driving
This economics-related article is a stub. You can help Wikipedia by expanding it. |
- v
- t
- e
This marketing-related article is a stub. You can help Wikipedia by expanding it. |
- v
- t
- e