Tag Archives: impulse shopping

Patience is a Financial Virtue

Modern society is characterised by fast-paced technology which allows us to enjoy Google searches, Twitter updates and ready-to-eat meals. Today, it seems that patience has become passé; who wants to wait for anything in this age of instant gratification?

Patience, one of the seven heavenly virtues, is the ability to accept delays in the desired timing of an event, or the capacity to endure problems without anxiety. Patience really requires you to take a passive approach while you allow nature or destiny to take its course.

When it comes to money, it could be argued that patience indicates weakness, as we should be fiercely ambitious in going after our financial goals. However, patience is an important trait to have if you want to succeed with money; without it you may actually be sabotaging your dreams. Continue reading Patience is a Financial Virtue

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?