flurryed.com
Main Page About Us Privacy ToS Place Your Link Submit Article
Search:   
 
 

3 Steps to Personal Financial Success - Part II: Budgeting

Trying to figure out where your money is going? Figure out how budgeting can help in Part II of the ... - Gordie Prescott
 

Insurance Industry Leaders Discuss Trends And The Effects Of Hurricane Katrina

Hurricane Katrina has affected the insurance industry dramatically. At a recent conference, several ... - Michael Bell
 

How To Trade Profitability In A Bear Market

There are two types of share trading markets, a bull market and bear market. Trading a bull market i ... - Jakob Culver
 
 

Taking a Look at Your Finances

Have you ever sat down and taken a good hard look at your finances? - Martin Lukac
 

Automobile Expenses - Tax Write-Offs

If you use a vehicle for conducting business, you can deduct certain automobile costs from your tax ... - Richard Chapo
 
 

Main Page –› Finance & Banking –› Debt Broker
 

Shopping Addiction Leads to a Financial Whirlpool

 
Author: Paul W Wilson
 

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.

 
 
 

Related Articles

 
Consolidation Loans Solve Debt Dilemma - Get it at Low Interest
 
What Does It Take To Pay Zero Taxes?
 
How to Get a Used Car Loan with No Credit - 3 Things to Know
 
Improve your credit score using credit cards
 
CPAs vs. Non-Certified Accountants learing Up The Confusion
 
Everything you Needed to Know about Tax Code 179
 
Mortgage Loan Tips: How to Rebuild Bad Credit after a Bankruptcy
 
Use Feng Shui Coins To Increase Your Income
 
Business Check Printing
 
Helping You Find Out the Best Rate Personal Loans
 
 
 
Get Multiple Links
 

Self Help

Malls & Shopping

Automotive

Sports & Adventure

Recreation & Entertainment

Online & Indoor Games

Education & Learning

Garden & Home

Property & Estate

Fashion & Lifestyle

Society & Issues

Careers & Employment

Computers & Software

Creative Arts

Drink & Food

Technology & Science

News & Events

Medicine & Treatment

Hygiene & Health

Policies & Law

Companies & Business

Tour & Travel

Finance & Banking

Children


 
   Main Page :> Privacy :> ToS
Copyright © 2008 www.flurryed.com All Rights Reserved.