As people face an uncertain economy, a new trend is happening called \u201crevenge saving.\u201d<\/p>\n
More Americans are tightening their belts, spending less and increasing their savings.<\/p>\n
Post-pandemic people took part in revenge spending, splurging on travel and experiences. Revenge saving is the reversal of that trend, saving very aggressively.<\/p>\n
\u201cA lot of people feel maybe the economy is a little more uncertain than I thought it was,\u201d Bjorn Amundson, financial planner with Quarry Hill Advisors, said. \u201cMaybe my job is not as secure as I thought it was.\u201d<\/p>\n
If you\u2019re feeling the urge to funnel buckets of money into saving, there are ways to keep your financial plan balanced.<\/p>\n
\u201cOne month a year, you cancel all your subscriptions for that one month,\u201d Amundson said. \u201cYou don\u2019t go on any vacations for that month. You don\u2019t go out to eat that month. You can deny all those things for a month and that could put you in a much better position for the rest of the year.<\/p>\n
Experts say saving is a good thing, but cutting your budget to the bone can lead to savings burnout.<\/p>\n
\t\t\t\t\t\t\t\tFor Related Stories:\u00a0Joe Mazan<\/a>\u00a0\u00a0Money<\/a>\u00a0\u00a0Saving<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"As people face an uncertain economy, a new trend is happening called \u201crevenge saving.\u201d More Americans are tightening…\n","protected":false},"author":2,"featured_media":288299,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[28,101,25396,2066,3421],"class_list":{"0":"post-288298","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-economy","10":"tag-joe-mazan","11":"tag-money","12":"tag-saving"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/288298","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=288298"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/288298\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/288299"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=288298"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=288298"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=288298"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}