Warning Signs Of Shopping Addiction - Deepstash

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How to fight a shopping addiction

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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How to fight a shopping addiction

How to fight a shopping addiction

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

getrichslowly.org

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Key Ideas

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.

Overspenders

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.

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.

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.

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?

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.

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Being Frugal Is Not Cheap

Frugal people do spend money, but want the maximum bang for the buck, without stressing themselves.

Frugality does not mean compromising quality, neglecting your social life, or being a...

Be A Smart Spender
  • Use tools like financial books, podcasts, and online savings groups.
  • Avoid indulging in unnecessary expenses daily, reducing them or finding healthier and more affordable alternatives.
  • Cultivate a healthier attitude and the right mindset towards your finances.
  • Know that small, practical, money-saving actions can compound into better living for you in the long run.
Use Smart Hacks

There are plenty of financial and budgeting tools and apps that can help us manage our funds, keep track of our expenses, and trigger us when we are off-track.

Simple hacks like carrying a debit card or cash instead of a credit card, or deleting our card details from shopping sites can help us avoid spending impulsively.

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Being a productivity junkie
Being a productivity junkie

The brain can become addicted to productivity just as it can to other addiction sources, such as drugs, gambling, or shopping.

As with all addictions, the desire for the st...

Society encourages workaholics

What makes addiction to productivity complicated is that society tends to reward it - the more you work, the better. A workaholic might be earning a lot of money, but in the long run, the detrimental effects outweigh the short-term benefits.

Addiction affects the brain's reward system. It results in compulsive behavior while disregarding harmful consequences.

Obsession with productivity

At the root of obsession with productivity is a fear of wasting time. Everything is seen as either productive or unproductive.

Buying groceries is seen as productive because you have to eat, while a hobby is viewed as unproductive. Productivity junkies are overly focused on a single aspect of their life. Potential sources of pleasure, such as spending time with loved ones, are very low on the list.

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Keep everything as simple as possible
The more credit cards you have, the more chances you have for identity theft and the more chances you have to miss a payment. The more investment accounts you have, the less attention you can give ...
Don’t ever let your “future self”...
...take care of your current situation.

Your future self might have more income, but it’s also fairly likely that your future self might have less income and you’ll find yourself in a really bad situation. 

Even if your future self is doing well, there are probably going to be other big expenses that you’ll want to deal with at that time, like buying a house.

Focus on...
  • Building an emergency fund: set up an automatic weekly or monthly transfer from your checking account to your savings, then leave the savings alone until an emergency appears.
  • Eliminating high-interest debt: Set up a simple debt repayment plan by organizing your debts by interest rate, then attempt to make a double payment on whatever debt has the highest interest rate.
  • Saving for retirement: It will actually end up being a much smaller burden than you expect,  lifted up by the pleasure of knowing that you’re securing your retirement.

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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.

2 more ideas

Kakeibo
Kakeibo

Kakeibo translates as "household financial ledger" and is a simple approach to managing your finances.

For the past 116 years, kakeibo has been effective in helping people make smarter fin...

Your relationship with money

The idea behind kakeibo is to help you understand the relationship with money by keeping a ledger with all incoming and outgoing transactions.

The difference from other budgeting systems is that kakeibo emphasizes the importance of physically writing things down as a way to observe your spending habits.

Reduce impulse buying
Before purchasing non-essential items ask yourself:
  • Can I live without this item?
  • Based on my financial situation, can I afford it?
  • Will I actually use it? Do I have space for it?
  • How did I come across it in the first place? (Did I come across it after wandering into a gift shop out of boredom?)
  • What is my emotional state in general today? (Calm? Stressed?)
  • How do I feel about buying it? (Happy? Excited? Indifferent?)
  • How long will this feeling last?

one more idea

Buying endless stuff

Before the internet, we had to set time aside to walk and browse a physical store, which was only open for a certain number of hours.

Now, it has become effortless to buy things online from a...

Dopamine and online shopping

According to research, we get a dopamine surge from buying stuff that causes us to want more and more.

Delayed gratification when the order arrives a few days later also makes is more physiologically rewarding than shopping in stores.

Online shopping 

Some online shops have made it especially easy to shop with a one-click buying process. Most major retailers offer free shipping, and only one in ten consumers return stuff they've bought online.

Americans are also taking up more space with all the stuff they are amassing. Self-storage units are rapidly increasing too.

3 more ideas

Tony Robbins

It’s not about your resources, it’s about your resourcefulness.”

Tony Robbins
Be Creative To Afford What You Want

By following the conventional path of "school to loan to university to work" you risk running into serious debt. Being creative is a potential way to lessen or eliminate that.

Maybe finding a different and cheaper way of doing the same thing, doing a yard sale or getting a side job… Put your mind to it and you may find ways to get a financial boost. 

The Problem With Mutual Funds

When you buy mutual funds, you are charged a purchase fee upfront. This is a one-time payment to the fund management institution. Annually, you will be charged with a percentage of management fees, commonly known as “expense ratio”, which can be expensive.

Beware when advisors at your bank recommend mutual funds to buy. They might be earning a sales commission.

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Zero Waste

It’s a philosophy of creating a more sustainable lifestyle by keeping your waste down to a (pretty hardcore) minimal amount, while helping the Earth and your own happiness in the process. 

The 5 R’s of Zero Waste

The whole Zero Wate movement is built upon the following 5 main R’s of living: Refuse, Reduce, Reuse, Recycle, Rot:

  1. Refuse what you do not need
  2. Reduce what you do need
  3. Reuse what you consume
  4. Recycle what you cannot Refuse, Reduce or Reuse
  5. Rot (compost) the rest.