5 Shopping Habits That Could Lead To Debt

There is always a new dress waiting to be bought, the latest color of nail varnish that we just have to have, or perhaps this season’s handbag. Being a fashionista can be an expensive business. Looking our best can be expensive, and that’s when we can find ourselves in money problems, and as a result fashion can suddenly seem a lot less fun! What shopping habits should we be avoiding if we don’t want to end up in debt!

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  1. Never buy something on impulse. I know we all love an impulse buy but it can be dangerous for a number of reasons. We don’t actually need it and we are probably paying over the odds for it. You should always make a list of what it is you are going to the shops to buy and then stick to that list! Less fun but far more practical.
  1. You don’t set yourself a budget! You go out and you just keep splashing that cash. That is a dangerous game to play! Yes, that dress might look amazing on you but you still have bills to pay and you want to keep a roof over your head. Make a spreadsheet and set yourself that budget.
  1. You pay for everything on credit card. This is a bad habit to get into. The problem with paying on credit card is that you lose track of how much money you have already spent. Then before you know it you find that have several credit cards with debts and you have no way of paying those debts back. If you ever find yourself in that situation then you can visit the website debtreliefprogram.co for further information. However, to avoid this situation in the first place you should pay with cash. I know that some people don’t like carrying cash because they worry about getting mugged. However, paying in cash is by far the most sensible option. Don’t flash the cash and you should be fine!
  1. You bury your head in the sand each month. You buy all of those lovely new clothes on credit card and then you refuse to look at the bills. This is dangerous! Before you know it you will have debts spiraling out of control. If you are going to use a credit card you need to keep a close eye on your debts and you need to be making decent repayments every month.
  1. Just one more dress. You find yourself constantly saying “just one more dress” and then you justify it by saying you need it for that work conference or a party that is coming up. Stop it! You will always find a reason to buy something. Stop kidding yourself and tell yourself – NO! You don’t really need that dress. What is going to happen if you don’t buy it? Nothing. The world will still be turning but at least you will still have some more money in your bank account.

Being a fashionista can be an expensive business. Sometimes we need to be more aware when we are shopping and we need to ask ourselves that old age question –

“do I really need this?”

Yes, we want to look good but we don’t want to go broke because of it. We can follow fashion but we also need to be sensible.

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The Online Shopping Traps You Mustn’t Fall Into

These days, online shopping is the norm for many people. They prefer to get things online rather than on the high street, and it’s not hard to see why. This method of shopping is easy and convenient. But that doesn’t mean that things can’t sometimes go wrong for consumers who shop online. You need to be aware of the traps you could fall into because they might cost you big,

Paying Luxury Prices for Luxury Brands

Just because you want luxury products, that doesn’t necessarily mean that you have to pay luxury prices. That’s a mistake that many people make. The best thing about online shopping is that you can get your hands on products from luxury brands without paying the full price. There are plenty of websites that allow you to buy these items at a lower rate than you’d find in shops. And sites like Ebay make it easy to buy second-hand luxury items too.

Falling for Dodgy Deals That Are Too Good to be True

There are plenty of great deals online, but there are also plenty of dodgy deals too. It’s important to remember this. You don’t want to be ripped off or to fall for a deal that is simply too good to be true. Always look at the security features of the websites that you buy from too. Some websites are not properly secured, and putting your financial information into these kinds of websites can be very risky indeed. You need to make sure that you don’t do this.

Not Factoring in Shipping Costs

Yes, many of the deals you find online will be cheaper than the ones in the shops. However, you also need to factor in any shipping costs that will be attached to your purchase. If the shipping costs are high, it might make the overall deal not as strong as it first looks on the surface. It’s important not to forget about this. It seems like an obvious thing to point out, but it’s a mistake that gets made by people all of the time.

Ignoring the Returns Policy Details

What are your rights as a consumer? You need to know the answer to that question before you buy something online. That means reading the returns policy and learning where you stand on this issue. If you make the mistake of ignoring these policy details, you could end up disappointed and frustrated later on if you end up wanting to return an item that doesn’t fit you. So, it’s always worth taking the time to read about these things in advance.

Failing to Shop Around

Shopping around is something that everyone should do when they are looking to buy things online. It simply makes sense to start looking at what other companies are offering. There are price comparison sites that make it very easy for you to look at arrange of offers, and then compare and contrast them. When you get into the habit of doing this, you will start to save money on a continual basis.

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7 Signs That You Need To Curb Your Shopping Spending

There’s a big difference between loving shopping and forming a dangerous addiction to compulsive buying. It’s all about control – and reports suggest that between 2 and 5 percent of Americans lack that control and can’t stop spending on shopping. That’s just the reported figures, too – I would wager that if you scratch a little further into the minds of the average American that you might find that figure to be even higher.

While the Internet has made it easy to find what we are looking for, it also means we have a lot more temptation to deal with. In days gone by, we would have to walk past a shop window or see an advertisement somewhere to get sucked into the ‘ I want this now’ process. Now, though, all we need to do is fire up our computer and access the Internet, and we are constantly bombarded with targeted ads that compel us to buy more than we might be able to afford.

Advertising, Shopping, Shopping Mall, Central District

[Photo courtesy of  Snapwire/pexels.com]

And it’s a major issue – make no mistake about it. Shopping addiction can lead to debt, relationship troubles, and is often related to health issues like depression. With this in mind, I thought it would be a good opportunity to reveal ten of the signs that you might need to curb your spending problems, and that you might have a dangerous addiction. Let’s get started with some of the most obvious pointers you need to watch out for.

The sneaky buyer

We all make the occasional ‘naughty’ purchase that we know we can’t afford and try to hide from our loved ones. But, as long as you are only doing this occasionally – once or twice a year – it’s forgivable. Where it becomes a big issue is when you are making sneaky buys on a regular basis. You might be purposefully arranging delivery times when you know there is no one else around. You could be sneaking them into your home, wardrobe, or onto your bookshelf on the sly, hoping that nobody will notice. You could even be hiding away receipts and boxes, or going to great lengths to remove the evidence of a shopping binge. If this sounds familiar, you have a problem, and the sooner you seek out help for your shopping addiction, the better.

The secret shopper

Are you honest with your loved ones about where you are going? We all do this to an extent – at Christmas time or for a family member’s birthday, for example. But if you are lying or being dishonest about where you are going when buying for yourself, it’s a sure sign that you are embarrassed about your activities. The simple truth is that if you aren’t open and honest about your shopping habits, you are trying to hide something – from your family, and maybe even from yourself. You are looking for lack of interference, perhaps even subconsciously. And, you are developing a problem that could cause you a lot of heartaches soon. Again, speak to a shopping addiction service sooner rather than later – and come clean to your family. They will be able to give you the support you need to approach your addiction.

banking, buy, computer

[Photo courtesy of  Negative Space/pexels.com]

The non-stop buyer

As I mentioned above, it’s so easy to shop online these days – so much so that it is pretty scary when you stop and think about it for a moment. Take Amazon, for example. You can pay for something with a simple click, and it will be with you the next day – perhaps even the same day. But because you aren’t really thinking about the purchase, it seems like it isn’t a problem. If you are going through that process several times a week, the spending will quickly add up – and you will be in financial trouble sooner rather than later.

The credit buyer

Are you buying everything on credit card? If so, it’s a sure sign you are getting yourself into trouble. Not all debt is bad, of course, and there are even situations where cash loans and payday loans can be useful – if you are struggling to pay your bills at the end of the month and can guarantee you will be able to pay them back quickly, for example. But the truth is if you are using credit for shopping purchases without a plan in place to pay it back, there is danger on the horizon. There are horrible stories of shopaholics spending tens of thousands of dollars on credit, without the financial power to pay it back. The result can often be bankruptcy, court cases, and a whole bunch of trouble from debt collectors. The solution? If you want something, save for it. The time you spend saving will make it a much more worthwhile purchase. And, by the time you have the money to pay for it, perhaps you will realize that you don’t need that investment in your life after all.

The non-useful purchases

Another common trait of shopaholics is that they often have cupboards stuffed full of things they never use. It could be clothes that are left in the wardrobe, unworn. It might be DVDs or CDs that stay in their shrink wrap for eternity. Or, it might be something that you only ever use once, before it gets packed away into the back of the cupboard forever. If you are buying things that you don’t need or use less than planned, you have to question why you have made the purchase in the first place. The chances are it is because you have a shopping problem and need to seek some help.

2 People Near Vinyl Records on Wooden Trays

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The happy shopper

Is shopping the only thing in the world that makes you happy? If so, it’s a big issue and one that needs to be headed off at the pass – sooner rather than later. Buying shiny new things can give your brain a rush of endorphins and make you feel good. And if it’s the only think in your life that does that, it’s no surprise that you might end up as a shopaholic. Like any other addiction, when you aren’t shopping, you might feel grumpy or upset if you can’t buy what you want. And if it’s the only thing in your life that is helping you to relax, it will quickly turn into a very expensive habit. If this sounds familiar, it is advisable to look at the areas of your life that are causing you sadness, and work on them. Go to see a counselor or therapist, rather than turning to Dr. Amazon.

The hobbyist

Is shopping just something you ‘do’? Again, it’s a sure sign you are heading for massive issues in your life. When shopping is a hobby, it’s easier to lose control and more likely to become a habit. You should be looking for other activities to fill up your time, rather than always heading to the mall, or visiting online stores. Think about taking up some gym classes, or start pursuing an arts and crafts interest instead. Even reading can help you curb your spending, as the more time you have your nose in a book, the less it will spend looking for new purchases.

Do any of these scenarios sound familiar? If so, there is a good chance that your shopping habits are a little out of control. The quicker you reign yourself in and seek out help, the better. Many places can give you help with a shopping addiction, so investigate all of them, from online advice to professional services. Good luck – and try to curb your spending before it’s too late!

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How To Know If You Have A Shopping Addiction

Your Christmas shopping list lays before you. Family, friends, and coworkers names and the gifts you think are perfect are lined up adjacent to each other. You’ve budgeted for each individual this year and have pre-checked the sales and it looks like you may come in under budget. You plan your route to each of the stores that have the gifts on your list. Everything’s coming together in your head and on paper. What could go wrong?

Well, what if you had a compulsive shopping disorder? What if instead of sticking to your well-ordered plan, you couldn’t control yourself and limited out your cards or spent the entire month’s food budget at the beginning of the month.  What are the clues and possible treatments for this disorder?

What is Compulsive Shopping Disorder

The disorder, also known as shopping addiction, is the compulsion to spend money, whether you have it or not, without concern for financial means. Shopping is usually to support an identified need, but desire overwhelms demand leading to purchases and more purchases. Compulsive Shopping is a disorder that may result in significantly negative results.

Hand, Fingers, Ring, Person, Rope, Present, Gift, Shop

[Photo courtesy of Devanath/pixabay.com]

Unlike chemical, alcohol, or sexual addictions, the American Psychiatric Association does not recognize the legitimacy of the disorder.

How it works

Shopping addiction affected individuals get high off the purchase of items. In many ways, it is the same high as sex or one who is using stimulants. Pleasure is derived from each purchase, and the brain begins to seek the high more and more. The shopper could get the feeling from a particular item or from purchases as diverse as cars or houses.

Identifying the disorder

The addicted individual may not have any visible indicators, to begin with. One of the components often a part of the disorder is their ability to hide their compulsion. Hiding purchases, hiding receipts, and hiding bills all become part of the process of denial. Eventually, though unpaid bills, unaccounted for items for sale, shortages in funds for essential items and an abundance of new things will give away the shopper.

The affected individual may not have any other signs of the disorder. They may seem to be financially secure, even wealthy. Their obsession will drive them to shop as a coping mechanism, for the euphoria, to steal or lie, and to eventually bankruptcy.

Treatment

Unlike alcohol and drug addiction, which have treatment facilities, programs, and significant financial support, shopping habits are significantly less supported. Recovery from this addiction is typically a self-directed affair. Twelve step programs will help deal with many of the components of addiction and can provide community support. Physicians can prescribe meds to deal with the obsessive component of the disorder. Families can provide strategies to place controls and checks as the shopper enters back into situations where purchasing is unavoidable.

Though not seen as a real disorder, the results are very genuine and debilitating to families and individuals. Should you possess the risk factors or recognize some of the behaviors in your life, don’t be afraid to assess yourself or be evaluated by others for signs of this disorder.

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