Stock Market Winners & Losers: Market Hovers Near Record Highs | TikToker’s Love “Spaving” – Spending & Saving
TikToker’s Love for "Spaving"
'Spaving'—a blend of 'spending' and 'saving'—is popular on TikTok. It involves spending more to save, like buy two, get one half off. Experts warn it's mostly just spending and can quickly spiral out of control. Tips to avoid spaving include sticking to a shopping list, setting a budget, and calculating offers carefully.
Southwest Airlines' Struggles
Southwest Airlines, once a cost leader, faces challenges with shares down nearly 24% over two years. Despite perks like free checked bags, rising expenses and lack of amenities hurt its appeal. In 2023, it earned only $73.4 million from baggage fees, far less than competitors. Southwest is considering adding amenities and possibly charging for extra legroom to regain its competitive edge.
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