A new term "spaving" has made headlines recently, but most people have no clue what it means! "Spaving" refers to the practice of spending money in order to save money or get a perceived deal as a result. It has become a trending money topic in the news and on social media due to retailers using clever marketing tactics to entice consumers to spend more! Check out the FinCap Friday episode below to learn more:

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About the Author

Yanely Espinal

Born and raised by Dominican, immigrant parents in Brooklyn, Yanely is a proud product of NYC public schools. She graduated from Fiorello H. LaGuardia High School in 2007 before going on to receive her bachelor's degree at Brown University in 2011. As a Teach For America corps member, Yanely taught third and fourth grade in Canarsie, Brooklyn. She received her master's degree from Relay Graduate School of Education in 2013. She spends her spare time making YouTube videos about personal finance on her channel, MissBeHelpful. Yanely also loves to dance, sew, paint, listen to podcasts, and babysit her 10 nieces and nephews!