Are Minnesotans Spaving to Survive?

How much was your last trip to the grocery store? How many stores did you shop at to get all that you needed? I wrote an article recently talking about more and more Americans are having to visit multiple stores every week to get what they feel is the best deal on the things they need/want to buy. 

Get our free mobile app

We’re all looking to make our money go farther, especially since practically everything costs more and in some cases the packaging has got smaller.  

Fox 9 TV had a story over the weekend about what is being called “Spaving” or spending more to save. The TV Station reports says that “Spaving” is buying more of an item than you need in hopes that it will keep you having to buy that again anytime soon. 

The problem with buying so much is that it could create waste, which in turn is really just wasting money. And this just doesn’t apply to buying in bulk per say, this could extend to “sales” or “promotions” that stores are running to try to help elevate sales.    

Also be mindful of stores who are issuing “credit” to make it easier to obtain their products. The report says that from 2021 to 2024, credit balances jumped 47%, and credit card debit from the first quarter of this year hit record highs.  

Coupon use has started to rise again in the United States but be cautioned to determine if the deal the coupon offers is truly a win-win and not prompting you to spend on things you don’t want or need, but you’ll buy because it’s a good deal for you and your family.  

Sometimes setting boundaries for what you’re willing to spend on an item is the most effective way to help you make sure you’re getting what you need or want and still keeping money in your pocket.