Doom spending is not the same as caring for yourself
- ‘Doom spending’ is expenditure motivated by a need to cope with stress and it is a nihilistic coping mechanism that can strip us of our savings.
Please don’t dabble in doom spending. The term, which first bubbled up on social media, has gained steam following a recent survey by Intuit’s Credit Karma. Consider it 2024’s sequel to last year’s “girl math." If girl math was a light-hearted buddy comedy, doom spending is a horror film.