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Keynesian economics are the various macroeconomic theories and models of how aggregate demand strongly influences economic output and inflation. In the Keynesian view, aggregate demand does not necessarily equal the productive capacity of the economy. It is influenced by a host of factors that sometimes behave erratically and impact production, employment, and inflation.
Saving is income not spent, or deferred consumption. In economics, a broader definition is any income not used for immediate consumption. Saving also involves reducing expenditures, such as recurring costs.
Debt is an obligation that requires one party, the debtor, to pay money borrowed or otherwise withheld from another party, the creditor. Debt may be owed by sovereign state or country, local government, company, or an individual. Commercial debt is generally subject to contractual terms regarding the amount and timing of repayments of principal and interest. Loans, bonds, notes, and mortgages are all types of debt. In financial accounting, debt is a type of financial transaction, as distinct from equity.
Personal finance is the financial management that an individual or a family unit performs to budget, save, and spend monetary resources in a controlled manner, taking into account various financial risks and future life events.
Clark Brian Howard is an American consumer expert and podcast host of The Clark Howard Show, which has been aired over 30 years.
Frugality is the quality of being frugal, sparing, thrifty, prudent, or economical in the consumption of resources such as food, time or money, and avoiding waste, lavishness or extravagance.
A personal budgets or household budget is a plan for the coordination of the resource (income) and expenses of an individual or a household.
Dissaving is negative saving. If spending is greater than disposable income, dissaving is taking place. This spending is financed by already accumulated savings, such as money in a savings account, or it can be borrowed. Household dissaving therefore corresponds to an absolute decrease in their financial investments.
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Money Dashboard is a free online personal financial management service in the United Kingdom. It provides users with the ability to view all of their online financial accounts in one place and categorises and analyses all of their transactions so they can understand how they use money. The app aims to help consumers make better financial decisions and budget for the future.
The Moonlight Clan is a large group of people who expend their entire salary before the end of each month. The term is derived from a lunar cycle. While yue guang translates directly to "moonlight", it is also a pun derived from the combination of its individual words, yue and guang. Zu refers to a group of people who shares this characteristic. In the United States, a comparable notion is referred to as "living paycheck to paycheck". "Moonlight clan" is a relatively new Chinese neologism to describe young workers who spend their salaries faster than they earn it. The Moonlite are generally younger generations. They are different from their parents' diligent and thrifty consumption concepts. To chase new trends and have fun, they don't care about the cost as long as they like. Material life is what they yearn for, but also the motivation to earn money. The older generation believes that "saving is more significant than spending", and they are very upset about their behavior; however, their motto is "spending can lead to make more money". The Moonlite are companies' favorite group of consumers, since they have strong purchasing power from desires; more importantly, they have the ability to make money and have money to spend.
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Doomscrolling or doomsurfing is the act of spending an excessive amount of time reading large quantities of news online. Doomscrolling can also be defined as the excessive consumption of vertical, short-form videos for a long period of time, without knowing the amount of time passed. It may leave the person with a feeling of tiredness or unproductiveness after doomscrolling. This phenomenon is most seen in teenagers and children. This can also be considered as a form of Internet addiction disorder. In 2019, a study by the National Academy of Sciences found that doomscrolling can be linked to a decline in mental and physical health.
SaverLife is a nonprofit financial technology company that works to create prosperity for low-income families. The organization's SaverLife platform provides cash prizes, rewards, articles from financial experts, gamified savings activities, and support to incentivize members to build a savings habit.
Buy now, pay later (BNPL) is a type of short-term financing that allows consumers to make purchases and pay for them at a future date. BNPL is generally structured like an installment plan money lending process that involves consumers, financiers, and merchants. Financiers pay merchants on behalf of the consumers when goods or services are purchased by the latter. These payments are later repaid by the consumers over time in equal installments. The number of installments and repayment period varies depending on the BNPL financiers.
References
- 1 2 Dickler, Jessica (6 May 2024). "Americans can't stop 'spaving' — here's how to avoid this financial trap". CNBC. Retrieved 19 May 2024.
- ↑ Nair, Deepthi (22 December 2023). "What is spaving and how can you avoid this financial trap?". The National. Retrieved 19 May 2024.
- ↑ "Americans can't stop 'spaving' — here's how to avoid this financial trap". TODAY.com. 8 May 2024. Retrieved 19 May 2024.
- ↑ Coggins, Madeline (14 May 2024). "Finance expert sounds alarm over 'spaving' trend: An old 'trap' with a new name hitting your wallet". FOXBusiness. Retrieved 19 May 2024.
- ↑ "Breaking down 'spaving,' does saving money by spending it work?". Yahoo Finance. 17 May 2024. Retrieved 19 May 2024.
- ↑ Cerullo, Megan (13 May 2024). "Think "spaving" — or spending to save — can save you money? Think again. - CBS News". www.cbsnews.com. Retrieved 19 May 2024.
- ↑ Bologna, Caroline (9 November 2023). "Are You Guilty Of 'Spaving'? Here's How To Spot The Toxic Spending Habit". HuffPost. Retrieved 19 May 2024.
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