What is another word for compensatory spending?

20 synonyms found


[ kˈɒmpənsətəɹˌi spˈɛndɪŋ], [ kˈɒmpənsətəɹˌi spˈɛndɪŋ], [ k_ˈɒ_m_p_ə_n_s_ə_t_ə_ɹ_ˌi s_p_ˈɛ_n_d_ɪ_ŋ]

Compensatory spending, also known as indulgent spending, refers to the act of spending money to make up for a loss or to compensate for a lack of satisfaction in one's life. While this term is commonly used in the world of economics and personal finance, there are several synonyms that can be used interchangeably to convey a similar meaning. These include remedial spending, restorative spending, reparative spending, and recompense spending. Each of these synonyms highlights the idea of making up for something that has been lost or missing, emphasizing the need for financial compensation in order to restore a sense of balance and satisfaction in one's life.

Synonyms for Compensatory spending:

How to use "Compensatory spending" in context?

When someone says they are compensating for a spending habit, many likely think of ways that person can save money. But, what if what you need to do to cut back isn't about economizing and, instead, about spending less in the first place? That's where compensatory spending comes in. Compensatory spending is spending that someone does in order to make up for past spending mistakes. For example, if you are someone who tends to overspend, compensatory spending could be spending less on non-essential items in order to save money.

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