Incredible 50% savings off a new ultraHD TV! Is it really saving, if you’ve just spent some money?
That’s not really savings but something called spavings – a combination of spending and saving. Spaving is spending money during a sales promotion to save money.
Savings in its true form is money set aside for future use and not necessarily money left unspent because of a discount.
But you can convert your spaving into savings by transferring the discount received into a savings account. Though in practice, it may not always be possible especially if you have a tight budget and immediately used the spavings to buy other essentials.
So when next year’s Black Friday comes around, don’t say you saved a lot from discounts, the right word is I spaved a lot.