How to fight a shopping addiction
This is a professional note extracted from an online article.
Read more efficiently
Save what inspires you
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:
SIMILAR ARTICLES & IDEAS:
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.
2 more ideas
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...
4 more ideas
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...
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.
3 more ideas
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...
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.
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.
3 more ideas
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.
7 more ideas
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 ...
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.
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 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...
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.
one more idea
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.
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.
5 more ideas
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...
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.
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
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 whole Zero Wate movement is built upon the following 5 main R’s of living: Refuse, Reduce, Reuse, Recycle, Rot: