#097 | The rise of revenge spending

In this week’s episode, we discuss the emerging trend of revenge-spending. As vaccinations increase and our year of the world being in quarantine starts to show signs of opening up, consumers have a pent-up need to do things and buy things. People feel like their opportunity to live life and spend money was taken from them, and now they are out for “revenge.” But don’t let this hurt your finances too hard. We encourage you to be thoughtful about where to “revenge spend” and don’t lose the momentum you’ve built this past year saving, budgeting, and tracking your net worth.