By Lexi McGlade In an eye-opening novel entitled, Overdressed: The Shockingly High Cost of Cheap Fashion by Elizabeth L. Cline, the consequences of “fast fashion” are considered. Fast fashion is a term used to acknowledge the rapidity with which trends move from the runway into stores in accordance with the latest style. Cline interweaves personal… Continue reading Overdressed: The Shockingly High Cost of Cheap Fashion
Author: Carrie Rattle
Carrie Rattle is a Principal at BehavioralCents.com, a website for women focused on mind and money behaviors. She has worked in the financial services industry for 20+ years and hopes to inspire women to better prepare themselves for financial independence.
The Pursuit of Something Greater
Becoming Minimalist blogger Joshua Becker reflects on what holds value in his life now, as compared to his younger years. Sharing the story of his infatuation with his first car and how it lost its glow as he moved on to bigger and newer vehicles, Becker realized that “when something better comes along, the old… Continue reading The Pursuit of Something Greater
Why Are 80% of Compulsive Shoppers Female?
A recent study in the U.K. shows that compulsive shopping tends to run in families, and that 80% of compulsive shoppers are women. Other disorders, such as personality and obsessive compulsiveness, are often experienced by over-shoppers as well. Blogger Elle Martinez defines compulsive spending and offers resources to deal with the disorder. She suggests destroying… Continue reading Why Are 80% of Compulsive Shoppers Female?
The Truth About Bargain Shopping
“Remember: it’s only a bargain if you needed it in the first place, otherwise it’s a waste.” Live Simply by Annie’s author reminds shoppers of the pitfalls of sales, which include the marketing professionals who know exactly what it takes to make us whip out our credit cards. She discusses the chemical changes that occur… Continue reading The Truth About Bargain Shopping
5 Things Your Credit Card Issuer WANTS You To Do
You may be surprised to find out that your bad credit habits are exactly what your credit issuers want. Carrying a balance may be convenient for you, but the interest you pay is where credit card companies make their money and you start sinking into debt. Paying the minimum amount due means you’re paying mostly… Continue reading 5 Things Your Credit Card Issuer WANTS You To Do
Men Can Be Shopaholics Too
David Raudenbush writes about his experience as a shopaholic and his recovery. Experiencing shopping as pleasurable lasts for a while, Raudenbush says, but then the guilt sets in. As he examined his finances and realized how much money he should have had available, he realized that shopping had become a hobby and a way to… Continue reading Men Can Be Shopaholics Too
Ways to Avoid Compulsive Shopping
Here are some tips to help you manage compulsive shopping behaviors. First, don’t shop if you’re in a bad mood. A Harvard study shows people who are upset are more likely to overspend. Instead, work out or volunteer. Second, just because something is a bargain, you don’t have to buy it. The savings may be… Continue reading Ways to Avoid Compulsive Shopping
Self-Worth to Net Worth: 12 Keys to Creating Wealth Inside and Out
This wise and comprehensive book begs to be read—and digested—very slowly. In it, Cia Ricco and Belinda Rosenblum have managed to make important and highly sophisticated psychological concepts very, very accessible. From the get-go, they emphasize the importance of personal responsibility, going so far as to ask the reader to sign an agreement to further… Continue reading Self-Worth to Net Worth: 12 Keys to Creating Wealth Inside and Out
Say Yes to the Dress? Only If It’s For the Right Reasons
Saving money isn’t the only reason to walk away from a purchase. The Cashgab blogger asks, “What are you avoiding when you use spending money or shopping as a means to elevate your mood?” Some suggestions: a relationship in your life that needs repair, a new goal, a realistic assessment of a partnership or marriage,… Continue reading Say Yes to the Dress? Only If It’s For the Right Reasons
“If Money Doesn’t Make You Happy, Then You Probably Aren’t Spending it Right”: Part 2
In the earlier posting on this article, we looked at Dunn, Gilbert, and Wilson’s persuasive assertion that “examining the basic scientific facts about happiness” would enable people to significantly increase the happiness their money could bring them. We also looked at the authors’ first three (of eight) principles for doing so: buy experiences rather than… Continue reading “If Money Doesn’t Make You Happy, Then You Probably Aren’t Spending it Right”: Part 2