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How to fight a shopping addiction

https://www.getrichslowly.org/shopping-addiction/

getrichslowly.org

How to fight a shopping addiction
Like many people, I've suffered from compulsive spending. A shopping addiction is a scary, dangerous thing. Here are some strategies I've developed to deal with my own shopping addiction -- strategies that may help you, as well.

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Shopping Addiction

Shopping Addiction

Compulsive shopping is when chronic, repetitive buying habits have serious consequences and become a disorder, similar to drug addiction. Conscious spending is one of ways we can overcome this emotional need to buy stuff.

An inability to handle money effectively and lack of impulse control makes us spend like crazy. Our emotions take over and we feel comfort in spending, and we unconsciously spend on stuff we don’t need, creating a vicious circle of debt followed by further compulsive spending.

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People do not even know that they are addicted to shopping and are unable to understand the problem.

Their confused relationship with money is looked upon by them as a symptom of the other problems of their lives. Many victims feel lost and are unable to control themselves out of the addiction consciously.

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Warning Signs Of Shopping Addiction

  • Shopping due to being angry, sad or disappointed.
  • Shopping being the reason for problems or chaos.
  • Having arguments with others regarding spending habits.
  • Not leaving home without the credit card.
  • Buying on credit what cannot be bought by cash.
  • The act of spending causing anxiety and euphoria.
  • Shopping with a gambling mindset.
  • Feeling ashamed, embarrassed or guilty about buying useless stuff.
  • Lying and juggling bills and accounts to be able to spend more.

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Fight Shopping Addiction

  • Stop trying to rationalize credit purchases, getting rid of all the credit cards and switching to cash only. Not even the checkbook or debit card has to be kept handy.
  • Track down every dollar spent, analysing your spending patterns.
  • Understand your mind and the need to shop, training yourself to stop, just like getting over a smoking addiction.
  • Ensure that the temptation areas, like Amazon, or shopping malls, are not easy to access or visit.
  • Remind yourself of your future goals.
  • Ask for help from a close friend, or even professional counselling.

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9 Questions Before Buying Something

Before buying anything, ask yourself:

  1. Is the stuff usable now or will it just get stacked along other unopened stuff?
  2. Does it already exist in my cupboard?
  3. Is there a place to put this at home?
  4. Is paying cash worth for this?
  5. Is a cheaper version available for this item?
  6. Can this item be arranged without actually buying it?
  7. Can it be bought later, or is it really needed today itself?
  8. Are there any better options available that could be bought instead of this?
  9. What will my partner/spouse/parents say about this?

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SIMILAR ARTICLES & IDEAS:

Different types of "shopaholics"

  • Compulsive shoppers: Buying when they are feeling emotional distress.
  • Trophy shoppers: They are always looking for the next great item.
  • ...

Socially acceptable

Shopping can be socially acceptable because consumerism is continually pushed on us in the forms of posters, adverts, and signs.

Shopping is also a way of life: You need food and clothing from stores. Even if you try to stop compulsive buying by avoiding the stores in person, there is still a world of online shopping.

Addiction vs compulsion

Addiction describes trying something, becoming emotionally and physically dependent on it, and then becoming psychologically and physically addicted to it. People who struggle with addiction have explained feeling euphoric, elevated, happy, complete, and whole when they partake in their addiction. Compulsion refers to a specific, intense urge to do something. People who struggle with a compulsion explain feeling immense relief and relaxation from completing behaviors that they feel compelled to do.

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How Friction Can Help You

In tech, friction refers to the steps a customer needs to take to perform a certain action. Too many steps and your funnel starts to leak.

For you, on the other hand, the harder it is...

To Quit Bad Habits

  • Grab a piece of paper and write down all the habits that you think are unhealthy and want to get rid of. Once you have finished, rank them in order. Now start with number #1. Forget the rest for now.
  • Add layers of “friction” to your vices to make it harder for yourself to keep doing them. Keep adding layers of friction of time, money, or both.

Quitting Social Media

  • Remove all social media apps from your phone
  • Change your passwords to something impossible to remember. Save them in a document/cloud
  • Log out after each session.
  • The radical option: Delete your accounts.

Practicing financial avoidance

Whether it is about your money or a person you are not fond of, avoidance is the key to a life without unpleasant events. 

Every now and then individuals feel the need to avoid checking ...

Keep track of your spending patterns

According to experts in the field, when dealing with anxiety related to checking your bank account, the best solution to manage your anxiety is by checking your bank account. 

While it might hurt you, this remains the only means to help yourself get in control and start managing your money.

Make a new habit

While planning on how to better keep track of your bank account, you might want to consider methods like starting to check your account once a month. 

In order to do that, it could be useful to schedule a meeting in your calendar, devoted solely to this. Other ideas might include using spreadsheets to keep track of expenses or getting an automatic tracker.