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5 min read

Money basics

Is doom spending throwing shade on your future?

Practicing healthy spending and saving habits can help you reach your goals and prepare for the future. While saving and spending are two conflicting principles, it’s all about striking a balance. But how do you achieve this equilibrium?

Americans are turning a shoulder to saving and instead spending beyond their means and may be piling up debt. The short answer is to feel better now, with perhaps a tinge of ‘you only live once’ mixed in. There is even an aptly named term for this behavior: Doom Spending.