How to Avoid Financially Destructive Revenge Spending

It’s no secret that revenge spending has become a [post-pandemic] phenomenon, as people try to make up for what they believe they might have missed out on during the pandemic.

People are playing catch-up, trying to even the score on their deferred consumption. However, while revenge spending can be cathartic and temporarily rewarding, it can also have serious financial consequences if not managed properly.

Revenge spending can take many forms:

Such as catching up for yourself, getting even with your partner or family, or simply YOLO’ing your way through life.

Unfortunately, revenge spending doesn’t just lead to heightened inflation across the globe but it can also lead to serious financial consequences if not managed properly.

It could even destroy potential generational wealth in families!

In this article, we’ll explore the implications of revenge spending and provide some tips on how to overcome it.

Are you ready to talk about revenge spending?

What Is Revenge Spending?

Revenge spending is a phenomenon characterized by impulsive and often excessive spending in an attempt to make up for what people believe they may have missed out on.