What is "spaving," and is it good or bad?

The video explores the concept of 'spaving', a blend of spending and saving, where consumers spend more to save more through discounts and deals. Public opinions vary, with some seeing it as beneficial and others as a path to overspending. Experts warn against unnecessary purchases and suggest sticking to a budget. Spaving can be advantageous when buying non-perishable items in bulk, but only if they are needed. To avoid impulse buying, experts recommend removing saved payment info and unsubscribing from deal notifications.

What is the main idea behind the concept of 'spaving'?

• Avoiding all kinds of discounts

• Investing in stocks for future savings

• Spending more to save more

• Saving money by not spending at all

According to experts, what is a common result of spaving?

• Increased savings

• Overspending

• Better budgeting

• Reduced shopping frequency

Which of the following is NOT an example of spaving?

• Purchasing items in bulk to reduce unit cost

• Buying two items to get a third for free

• Avoiding impulse purchases

• Spending more to qualify for free shipping

When might spaving be considered a sensible approach?

• When buying perishable goods

• When purchasing non-perishable items in bulk

• When shopping for luxury items

• When buying items on credit

What strategy do experts recommend to avoid unnecessary spending?

• Sticking to your original budget

• Opting into all deal notifications

• Saving payment information online

• Buying items on impulse