So many people have gotten themselves into serious financial trouble because of their addiction to shopping. They will max out credit cards for shoes in every color of the rainbow with matching handbags.
Those of us who live frugal lifestyles often scoff at these shopping fanatics. Yet, being a frugal person is not without its risks, too. Sometimes frugal shoppers get so excited about their bargain hunting, they spend money they don't need to spend on things they don't really need just because it's a "great deal." It's very easy for a frugal person to get caught up in the concept of "spending to save." You spend money stocking up on a "great buy" because it will save you money in the long run. You end up with little cash in your pocket and a hall closet overrun with shampoo and deodorant because you get nervous you may run out before the next big sale.
Shopaholics Anonymous has some great resources to help you determine if you are taking your shopping habits too far. The website can help you identify if you have a problem, along with some potential solutions. Some signs that you may be a compulsive shopper are shopping when you are angry, scared or upset, feeling guilty or ashamed after a shopping trip/hiding purchases, using credit cards to buy things because you don't have the cash, thinking about money incessantly, or buying things simply because they are a good deal. Some people buy things to fill an emotional void; others get caught up in the "thrill of the hunt." There are many reasons why people develop this type of addiction.
You can take this quiz to see if you are a compulsive shopper. Be sure to seek professional help if you feel shopping is an addiction for you. Compulsive Shopping affects approximately 6 percent of the population.
The bottom line is to make sure that you are buying things for the right reasons. You must decide if you really need something before making a purchase. Sometimes this means waiting a day or two or longer to determine your motivation for buying the item. Sometimes this means recognizing that you have enough stuff.
Overcoming a shopping addiction is something you must do in order to get out of debt and live a better life. But as you learn to live a more frugal lifestyle, don't let yourself obsess over your savings. You need to have balance in your life. It's not healthy to take things to extremes.
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