article directory
 
Shopping Addiction leads to a Financial Whirlpool.
 
Site Menu
 
Site Search


 
HOME » Finance & Investing » Personal Finance » Shopping Addiction leads to a Financial Whirlpool.

Shopping Addiction leads to a Financial Whirlpool.


Shopping is something most people love. But often the thrill, excitement, and absorption becomes such that an ordinary hobby or time filler becomes an addiction. A shopping addiction like drugs, alcohol, or gambling is a blinding thirst where the shopper is unable to see essential from non essential and over spend. They shop until they drop and run into debt spending on their credit cards up to and over its limit. Shopping for many is escapism from the realities of life and its accompanying problems. It is but a temporary reprieve from depression, anxiety, or loneliness. What a shopper never understands is it is a false world which will not grant happiness or love, or self esteem. After the shopping binge the person will experience remorse. The unhappiness will intensify due to unmanageable financial disaster and debt. This will be further compounded by the displeasure earned from family members or financial consultants. Believe me over 80% of the purchases will never be used. An addict may have a hundred pairs of shoes, or bags, or coast, or glasses – the obsession being restricted to one kind of object. Like alcoholics, compulsive shoppers go on binges when they are upset, lonely, depressed, or feeling out of sorts. Shopping is a “pick me up,” a temporary euphoria that lifts their spirits. The possible repair of finances and cure of the addiction is possible only if the shopper accepts that an addiction exists. What helps is professional counseling and joining a self-healing group that is dealing with this addiction. A shopping addicts version or equivalent of alcoholics anonymous. Guidelines: 1. First and foremost set small limits on all credit cards. Freezing the limits will help you limit your spending power. 2. Lock away all credit and debit cards. 3. Budget household and other expenses. Make specific envelopes and mark them clearly for what the money is earmarked for. 4. Sit with a family member or friend and make a list of bare essentials. Go shopping with a controlling companion one who will say “NO” is no uncertain terms. 5. Never visit sales or discount warehouses. Or, watch television shopping channels. 6. Do not subscribe to shopping catalogues. 7. Fill your day choc-a-bloc with activities. If you have no time to ‘stand and stare’ you won’t have a moment to think about shopping. Find interesting activities that absorb your interests and time. 8. Go to the mall or shopper’s paradise after they are all safely closed for the day. This way you can look at displays without being tempted to rush in and buy something. 9. If you feel the itch or urge to shop, resist it with all your strength and go out for a walk or to the gym exercise until you are too tired to do anything else. 10. Pay for all purchases by cash or cheque. Use a card only in emergencies. Compulsive shopping is a serious addiction. It is escapism from realities and unhappiness. As serious as drug addictions and an illness, a compulsive shopper needs treatment that is similar to other addictions. Addictions of any kind need to be snipped at the very root before it reaches a point of no return.

Source: http://www.ArticlePros.com/author.php?Paul Wilson

More on Finance & Investing and Personal Finance can be found below:

  • Fix to get top rates
  • Car and Personal Loan Consolidation
  • Banks & Buyers What They Want From You!
  • Over 60,000 new cars ordered through UK Scrappage Scheme
  • Aussie women 'offer tips for saving'
  • Brits 'looking to reduce debts and increase savings'
  • Investors playing it safe in the money markets
  • Rent to own Houses at Fantastic Prices
  • Get Your Credit Report and Analysis
  • Budget into the black
  • The Truth about Low Interest Bill Consolidation Loans
  • Personal shopper in Rome - Your guide to the best designers and brands in Rome
  • Confidence returning to investors?
  • 4 Money Principles to Stay Away From Bad Debt
  • How to Save Time and Money


  • Indian Banking- Fast Changing Its Tracks
  • Finding the Best Student Loan Consolidation
  • Emergency Payday Advance Myths Debunked
  • Solving Problems The Easy Way
  • U.S. Uranium Sector Glowed In 2005: An Even Brighter Future Ahead
  • Make Your own Proof of Income by making creating faking doctoring mocking forging pay check stub paystubs paystub stubs HERE!
  • How To Get A Loan With Adverse Credit
  • Following New Rules: Overseas Banks Look at China
  • Are Personal Loans a Good Idea for Me?
  • Check Out These Seven Methods For Saving Cash In Today's World
  • Find Highest Online CD Rates
  • The Advantages of Payday Advance Loans
  • FHA Loans and the New Depression
  • Surviving and Thriving in 2009
  • How To Cut Down Phone Bills

  •  

    Get this article to go

    RSS | JScript | Email | HTML

     

    About the author

    Paul Wilson is a freelance writer for http://www.1888discuss.com/shopping-deal/ , the premier REVENUE SHARING discussion forum for Online Shopping including topics on shopping deals, finding coupons, shopping discounts, price comparison and more. His article profile can be found at the premier article submission site http://www.1866Shopping.com

    http://www.1866Shopping.com

     
    Email options
       

    ** Check all that apply **

     

    This article has been accessed 5 times since 2006-02-25.

    _________________