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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.
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.
Before buying anything, ask yourself:
Financial wellness can be defined as the fact of prioritizing one's spending on whatever brings you joy or investing in retirement.
If possible, make this exercise with an expert's help, as it is extremely important to take the right decision when it comes to the way you choose to spend your income, because it affects not only your present but mostly your future.