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What is 'spaving' and how can you avoid this financial trap?

04:06

More people find themselves buying items they don’t need just because they’re on sale. This form of impulse buying is called “spaving” — spending more to save more. NBC’s Christine Romans joins TODAY to break down the different types of “spaving” and how to avoid falling into the financial trap.

Americans can’t stop ‘spaving’ — here’s how to avoid this financial trap

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