Tag Archives: retail therapy

Why Do You Love to Shop?

“Despite the current financial uncertainty, I still find myself shopping too much. I earn a great income, but I’m not saving enough, and I realize that I have to be more responsible with my purchases. Whether it’s at the supermarket or online stores, I really enjoy buying something frivolous every week. What can I do?”

One of the first steps in curing yourself of the desire to shop excessively is to figure out the reasons that drive you to overindulge. Let’s look at some common motivations that may cause you to spend too much, along with possible solutions to curb your consumer cravings:

Reason:  You’re bored

The reality is that for many people, shopping is fun. Think of the adrenaline rush that comes from finding that perfect item in the right colour, and on sale to boot! Shopping can become even more entertaining when done with a group of friends. I’m sure most ladies will agree that there’s nothing that bonds us together like a shared passion for shopping.

Solution: Stop browsing online shopping websites to pass the time. Find another hobby that can stimulate you without costing you. How about forming a book club where your friends can meet to discuss the book of the month? Or you could start a group physical activity like jogging, which will not only bring great camaraderie but create health benefits as well. Continue reading Why Do You Love to Shop?

Crazy Consumption Case # 1- Shopaholics Anonymous

Last week we looked at the phenomenon of ‘Crazy Consumption’ where clueless consumers are overcome with the desire to shop uncontrollably even when they can’t afford it. This out-of-control spending habit devastates the financial vitality of its victims by dumping them in massive debt and rendering them unable to realize their money goals.

We opened up the floor to our readers to get real-life stories from people who are suffering from this dreaded spending disease and are desperate for solutions to get their lives back on track. Our first case is of Marcia* who suffers from a clinical case of Crazy Consumption.

Marcia’s Story:

I’m a forty-something year old professional with a great job and fabulous friends. On paper I may look upwardly mobile and progressive, but the truth is that my financial situation is in shambles. Although I earn a good salary, I have no savings because I have absolutely no control over how I spend my money. For me, shopping is a way to escape reality, as when I shop, I don’t have to think about the personal issues that torment me. My greatest times of weakness are when I am alone with nothing to occupy my time. Then I surf the internet and go crazy buying things online.

I work with an international agency which requires me to travel frequently. On these overseas trips I indulge in binge spending, sometimes without reason. Last time I was away, I went into an expensive department store to buy one gift and walked out with over US$400 worth of perfume for myself. I don’t even like to wear perfume because it affects my allergies. I just don’t know what came over me. Most people might overspend at Christmas, but for me, Christmas is year-round! Continue reading Crazy Consumption Case # 1- Shopaholics Anonymous