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Monday 17 June 2024

How 'spaving' can derail your finances

05:56

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Also: A pet insurance crisis? ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌  ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 

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The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Mon Jun 17 2024

 

Daniel de Visé Personal Finance Reporter

Good morning! It's Daniel de Visé with your Daily Money.

Any time you buy two of something and get a third one for half off, or add a few dollars to an online order to secure free shipping, you are "spaving."

Spaving is a mashup of "spending" and "saving": spending more to trigger savings.

But don't fool yourself, experts say: Spaving is mostly spending.

A pet insurance crisis?

Christie Keith has been paying $600 a month in pet insurance premiums for years and bumped that up to more than $700 recently to add coverage for her 4-year-old Silkan Windhound, Pip.

But a few weeks ago, her plans unraveled when Nationwide Insurance announced it would cancel coverage for about 100,000 pets across the country. The company blamed the rising costs of veterinary care and other factors that are cutting into the profits of its pet insurance business.

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Finally, here's a popular story from earlier this year that you may have missed. Read it! Share it!

It might be a while before you can buy another Applebee's Date Night Pass. 

The nationwide chain sold out of the highly coveted $200 date night passes within a minute on a Monday back in January, the day they were officially released for purchase, Amaris Encinas reports. 

The pass, sold exclusively online, got customers $30 off more than 50 meals at any Applebee's location through 2025. 

"Due to popular demand, the Applebee's Date Night Pass has sold out! … Remember that Applebee's is always a great destination for date night, " Applebee's said on its website.

About The Daily Money

Each weekday, The Daily Money delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you.

Daniel de Visé covers personal finance for USA Today.

Black Friday Shopping in Bath and Body Works at The Oxford Valley Mall in Langhorne, Pennsylvania, on Friday, Nov. 24, 2023.

'Spaving,' a mashup of spending and saving, is a discount scheme that can play havoc with your finances.

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Christie Keith of Davisburg, Michigan says Nationwide won't renew coverage for Pip, a 4-year-old Silken Windhound, when the current policy ends in December 2023.
 

Nationwide drops 100,000 pet insurance policies: What to know

Nationwide Insurance said it will not renew about 100,000 pet insurance policies because of a rise in inflation in veterinary care and other factors.

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Applebee's Date Night Pass sale left few with opportunity to purchase

Many took to social media after Applebee's Date Night Pass sale Monday to say that the card sold out before they could opt into purchasing it.

When you settle into the non-reclining middle seat next to the bathroom, you will be cursing your past self for being cheap and not paying the fee to select your seat.
 

Travelers from this US state are have the worst airplane behaviors

Poor airplane etiquette can ruin your flight. Here are the U.S. states guilty of the worst and best travel habits, according to a new survey.

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Why you shouldn't invest like Warren Buffett for your retirement

The investing giant's strategy may not be suited for you. Consider index funds instead.

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Some flock to Chick-fil-A 'summer camp,' others call it child labor

A Chick-fil-A franchise location in Louisiana has come under fire online for promoting a summer camp that teaches children how to be a Chick-fil-A worker.

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In-N-Out Burger confirms California price rise after minimum wage law

In-N-Out Burger has raised prices at California locations two months after the state initiated a minimum wage increase for fast food workers.

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