Shop till you drop is a very careless saying that applies to some of us. Sometimes a shopping spree is the only way to kill boredom, anxiety, depression, loneliness and the feeling of being so empty, but we all know that, oftentimes, too much indulgence, in anything, can come back to haunt you.
We always hear the word “shopaholic” whenever we are inside a mall or any department stores. Though some may find it funny, the “shopaholic”, herself, is not having any fun. Why? It is because uncontrollable shopping is no joke, some shopaholics may be are suffering from a certain compulsive disorder that may result in major debt. If you’re not sure if you’re a shopaholic, take a look at your transunion credit report – sometimes, seeing the effects of frivolous spending can snap you out of a buying frenzy.
An uncontrollable urge to buy everything that your eye lands on, can be a major detriment to your financial matters, mostly to the extent that you can’t live your life without buying each day. There are shopaholics that want to stop shopping, but they just can’t because they are struggling with impulse control, compulsive spending, as well, as debt addiction.
What do we mean by compulsive spending? It is when you shop and spend too much money, whenever you are disappointed, angry, bored or scared; and you are feeling lost & totally out of control, to resist the temptations of buying.
According to some studies, a shopaholic struggles from emotional distress and chaos, after shopping; not only because of his/her new financial problems, but also because of the rush of guilt, from spending too much money (after all the euphoria from buying has worn off). A shopping addiction can dismantle a family, mostly when there is always an argument about the shopaholic’s spending habits. If you suspect that someone else is wrongfully using your credit cards on shopping sprees, you can request experian disputes on your credit reports, to have the negative items removed.
One should be wary of shopping addiction, as it, like any other kind of addiction (like alcoholism) can cause the victims to feel out of control, and hopeless – thus, can destroy one’s life eventually.
An addiction to spending is a scary, dangerous thing. Like other addictions, it causes victims to feel lost and out of control. Shopping addiction can ruin your future, and put you in such a bad situation, that even an equifax credit dispute won’t help matters.
So, how can you cope with this addiction? You can put a stop to this kind of addiction as soon as possible; anytime can be the perfect time for you to put an end to this addiction. You can even start using these debt management tips, now -and be debt-free in the near future, by just following six effective steps:
1) Pay all your purchases by cash, by check, and by debit card only. Make and always bring a shopping list with you, and only buy things that are on the list.
2) As much as possible, avoid any discount warehouses, and leave your wallet at home if you are out for window shopping.
3) Cut up most your credit cards.
Get rid of most your credit cards now – no ifs, ands or buts. You can also save one credit card that you can use for emergency-only situations. When you’re out, all you have to bring with you is cash only. You will realize the difference between buying something and spending money.
Be aware of how much you spend. By tracking down the money that you spent when shopping, you will realize how much you can save if you change your ways.
4) Play some mind games to ease some shopping urges.
Be smart in spending your money and to do this, sometimes, you have to play a trick on yourself. Make rules for yourself to avoid overspending when buying some unnecessary things.
For example, when you are so eager to buy the latest gadget in the market, then ask yourself if there is really a need for you to have that; or do you just want to have that, just for the sake of having it. If you just want to go with the trends, consider the idea that that certain gadgets will not be a trend for the next month. Try also writing your wants on a wish list, which can also keep you from actually buying them.
5) Avoid temptations.
If you want to change your bad habits in overspending, avoid going to stores, watching TV shopping channels and Internet shopping websites. These mediums can tempt you and urge you to keep on spending, and that can break your focus on your end goal. Also, avoid people who are a bad influence on you – who encourage you to shop more.
6) Ask for some guidance and help.
You don’t have to strive for your goal all alone, it can be tough. Seek support and ask for help from your family and friends. Don’t be afraid or ashamed, because they understand you. If you feel that your debt management is no longer effective, and you are already out of control, seek the help of a psychiatrist or counseling expert.
Most shopaholics live in chaos and heavy drama, regarding their money (or lack thereof). Some overwork, yet, still don’t have enough money to cover the expenses & debts for the necessities of their daily life. If you want to be debt-free in the future, start changing your ways now. Be a wise shopper, not a shopaholic.