You may have heard of revenge spending—that post-pandemic burst when people splurged on travel, dining, and home upgrades to make up for lost time in isolation. But a new trend is emerging: revenge saving.
Instead of spending to feel better, today, people are saving with purpose. Revenge saving is about reclaiming control, restoring peace of mind, and pushing back against the economic forces that make everyday life feel more expensive. It’s saying, “You know what? I’m going to make my money work for me this time.”
What Is “Revenge Saving”?
Now that pandemic restrictions are behind us and inflation continues to pinch, many Americans are channeling their energy into saving—aggressively. They’re building emergency funds, paying down debt, and finding comfort in watching balances grow rather than bills pile up.
Revenge saving isn’t about deprivation; it’s about empowerment. It’s a way to regain stability and confidence after years of financial stress.
Why It’s Catching On
Economic worries, higher costs, and political uncertainty have motivated people to take charge of their finances. But this movement isn’t rooted in fear—it’s driven by determination. People are taking revenge on the stress and instability that money worries can bring.
Financial experts note that saving provides a sense of control in an unpredictable world. Watching your savings account grow offers visible proof that your discipline pays off. And there’s satisfaction in outsmarting inflation—keeping more of your hard-earned money and putting it somewhere that benefits you, not big corporations.
How to Get Started
Revenge saving doesn’t require a financial overhaul. In fact, small, consistent actions are the secret to success.
- Start small – but start now. Even $10 a week can make a difference. Set a manageable goal that feels achievable and build from there. Once you’ve learned to live without $10, try $15 or $20 a week and continue to work your way up.
- Automate it. Treat saving like a bill you have to pay. Schedule automatic transfers from checking to savings or a money market account. You’ll adjust faster than you think — and you won’t miss what you don’t see.
- Keep your savings out of sight. Consider opening an account at a different financial institution than where you currently bank – like Beverly Credit Union – so you’re less tempted to dip into it for impulse purchases.
How Beverly Credit Union Can Help
Here’s where we come in. At Beverly Credit Union, we know saving isn’t just about dollars—it’s about building peace of mind. That’s why we make it easy to start and rewarding to keep going:
- Open an account with just $5.00. No big hurdles, no complicated requirements.
- No monthly fees. Keep what you save—every penny.
- Money Market and Certificate options. Earn more when you’re ready to step up your savings.
- Online and mobile banking. Manage your revenge savings anytime, anywhere.
- Trusted and local. Your deposits are federally insured by the National Credit Union Administration to the fullest amount allowed by law and held right here on the North Shore, not in a faceless online bank.
Since 1952, Beverly Credit Union has been helping our members reach their goals—through good times and challenging ones. Whether you’re just starting your savings journey or ready to grow your financial security, we’re here to help you make that comeback.
Take Financial Revenge—The Smart Way
Revenge saving isn’t about cutting out joy or punishing yourself for past spending. It’s about creating balance – spending thoughtfully, saving intentionally, and giving yourself the security you deserve. So, when you really, really need money—you will have it ready to use, without worry.
If you’re ready to join the revenge-saving movement, start local. Visit Beverly Credit Union at 139 Cabot Street, Beverly, or open your account online at BeverlyCreditUnion.com.
Because sometimes, the best revenge…is financial peace of mind.