How to Implement Revenge Saving Amid Economic Uncertainty

JAKARTA, KOMPAS.com - The revenge saving trend is increasingly discussed as a societal response to economic pressures and rising living costs. Whereas the public previously knew the phenomenon of revenge spending, which involved lavish shopping after the pandemic, now some people are choosing to curb consumption and aggressively increase savings for a sense of financial security. This approach is not merely about frugality but more about a change in mindset towards money management. Here is an explanation of how to implement revenge saving. In simple terms, revenge saving is an effort to save money with high intensity as a response to economic uncertainty. This strategy emerges amid worries about inflation, market volatility, and the risk of job loss. The trend is even evident from the increase in personal savings rates in several countries during periods of economic uncertainty. In addition to economic factors, psychological changes also play an important role. Some people are beginning to view saving not as a sacrifice but as a form of “resistance” against financial pressures and a consumptive lifestyle. One practical step to implement revenge saving is to automate the saving process. This strategy is considered more realistic than immediately cutting expenses by large amounts. With automation, savings funds are transferred first before being used for other needs, helping to maintain consistency. This approach also makes it easier for individuals to adapt psychologically because changes are made gradually, not suddenly. Another method that is widely recommended is to follow various saving challenges. For example, implementing a “no-buy month” or a specific period without purchasing non-essential items.