278: Don’t Be Fooled: “Savings” That Actually COST You Money

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Are you falling for the illusion of savings that are actually draining your wallet? In today’s episode, we delve into common scenarios where what seems like a good deal is actually costing you more money in the long run.

From the pitfalls of bulk buying to the hidden costs of subscription services to understanding what a good deal actually is, this episode is packed with stories, tips, and some hard truths about our spending habits. I also touch on the concept of ‘spaving’ – a (new to me) term coined to describe the act of spending more to save more, which often leads to an unnecessary financial burden—and a lot of us are doing it without even realizing it.

So, before you celebrate your next big sale purchase or bulk buy, give today’s episode a listen. You might find that the best savings come from just knowing what’s actually going on with your money.

Main topic time stamp: 7:42