Have the Urge to Splurge Post-Pandemic? It’s Called Revenge Spending—Here’s How to Avoid It - Deepstash
Have the Urge to Splurge Post-Pandemic? It’s Called Revenge Spending—Here’s How to Avoid It

Have the Urge to Splurge Post-Pandemic? It’s Called Revenge Spending—Here’s How to Avoid It

Curated from: realsimple.com

Ideas, facts & insights covering these topics:

2 ideas

·

1.49K reads

15

Explore the World's Best Ideas

Join today and uncover 100+ curated journeys from 50+ topics. Unlock access to our mobile app with extensive features.

Revenge spending

Revenge spending

Revenge spending is the money you drop to make up for lost time, so to speak. It's the big vacation you book to make up for the trips you missed last year, or the new furniture you buy after putting up with your getting-on-in-years sofa during the pandemic.

And while a little splurging after months of careful saving (or unwilling saving, because there wasn't much to spend on) is perfectly understandable, going overboard as a sort of self-comfort or revenge for everything you gave up in the last year can hurt you in the long run.

22

1.37K reads

Personal finance and FOMO

The fear of missing out (FOMO) can influence how people spend their money and motivate them to buy things they can't afford. If you feel peer pressure to spend in ways that are beyond your means, try thinking of cheaper alternatives or minimize your social media screen time to avoid overspending.

Slow yourself down, too, especially if dreaming of your out-and-about future has you clicking add to cart with a vengeance. If you feel the urge to buy something non-essential, remove yourself from the situation and write the desired item and cost down to revisit for consolidation later.

22

128 reads

IDEAS CURATED BY

georhampton

Surveyor in commercial/residential

George Hampton's ideas are part of this journey:

Introduction to Web 3.0

Learn more about psychology with this collection

The differences between Web 2.0 and Web 3.0

The future of the internet

Understanding the potential of Web 3.0

Related collections

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Personalized microlearning

100+ Learning Journeys

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.

Email

I agree to receive email updates