" ‘Revenge savings’ can boost your bottom line, experts say — here’s how to get started. "

So-called revenge savings marks a shift from splurging to saving more money. 
    Some consumers are saving more based on their feelings and concerns about the economy.
    But creating an intentional savings plan is key to success, financial advisors say.

Americans are saving more money — and for some, the change in habit comes down to how they feel about the economy.

More than 4 out of 10 Americans, or 44%, say they’ve engaged in so-called vibe-based budgeting, according to a new survey by Intuit Credit Karma. In other words, they have adjusted their financial habits based on their feelings about the economy, regardless of whether their financial situation has changed.

Younger generations are more likely to say they’ve tried vibe-based budgeting, with 56% of Gen Z and 57% of millennials surveyed.

Intuit Credit Karma polled 1,058 adults online from June 13 to 17. 

Some of those surveyed point to rising prices and worries about a looming recession as contributing to their vibes. Shaped by headlines, market swings and social media chatter, 61% of people surveyed reported feeling more anxious about the economy than they did a year ago. 

Their feelings may also be fueling a surge in saving money, as “revenge spending” — the tendency to splurge after the pandemic — shifts to “revenge saving.”

“If you’re concerned about the future, if you have some uncertainty, consumers may be looking to create that emergency fund or create that savings, because uncertainty means you want to be able to put your hands on cash if you need it quickly,” said Charlie Wise, senior vice president of global research and consulting at TransUnion.

More Information at:
https://www.cnbc.com/2025/07/08/how-to-get-started-with-revenge-savings.html

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