Core Insights - A new trend called "revenge saving" is emerging among Americans, focusing on aggressively saving cash to regain control over finances instead of overspending to cope with stress [1][2] Group 1: Overview of Revenge Saving - Revenge saving is characterized by cutting back on lifestyle expenses and building an emergency fund as a response to debt and inflation challenges [1] - A Vanguard study indicates that 71% of Americans plan to adjust their savings strategies to prioritize flexibility and emergency savings in light of economic uncertainties [2] Group 2: Practical Tips for Revenge Saving - Individuals are encouraged to audit their spending by reviewing bank and credit card statements to identify potential savings opportunities, such as canceling unused subscriptions [5] - Setting concrete savings goals, such as saving three months' worth of living expenses or paying off credit card debt, can provide personal motivation for revenge saving [6] - Automating savings through scheduled transfers to dedicated accounts can help individuals adhere to their savings plans [7] - Utilizing windfalls, such as bonuses or tax refunds, to boost savings can accelerate the achievement of financial goals [8] - Gamifying the savings process, through challenges like a no-spend month or cash-only spending, can enhance motivation and awareness of spending habits [9]