Overshoppers often limp along in a thick financial fog. They may have little grasp of where their money goes, how much they owe, or what to do about any of it. And every financial guru who would help them begins with roughly the same advice: start with clarity. Mint.com is a free, internet-based program for… Continue reading Mint: The Flavor of Financial Clarity
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.
Eat, Shop, and Be Merry?
Early on in my study of consumer behavior, I attended a national conference on eating disorders. Catherine Steiner-Adair, one of the keynote speakers, asked the audience what we thought were the two major activities traditionally pursued by women to deal with life’s ups and downs. The silence was palpable. She then answered her own question:… Continue reading Eat, Shop, and Be Merry?
The Web of Overconsumption Tangles Farther
Four recent reports from three continents—Europe, Africa, and Asia—point to the widening net of shopping addiction. Coupled with my recent post, “Compulsive Buying: A Passage to India?” there’s more and more evidence that it poses a serious and worsening global problem. In a piece in the Austria Times, alarmingly titled “Every fourth Austrian threatened by… Continue reading The Web of Overconsumption Tangles Farther
Compulsive Buying: A Passage to India?
Recently, I discovered an article called “Attention Shopaholics” that was published in The Hindu, an Indian newspaper. To get a better idea about compulsive shopping in an Indian context, I contacted Dr. Sanjay Chugh, who was quoted extensively in the article. He is the Senior Consultant Psychiatrist at the Sir Ganga Ram Hospital in New… Continue reading Compulsive Buying: A Passage to India?
Shopping Your Own Closet
Last Wednesday, I had a delightful and very informative Skype call with Jill Chivers, an Australian woman who took her compulsive buying bull by the horns. She decided that for a full year she’d refrain from buying any new clothes and shop only in her own closet. The experiment resulted first in a blog and… Continue reading Shopping Your Own Closet
Response to Cheap: The High Cost of Discount Culture
As a reforming bookaholic and bargain shopper, I recently borrowed—borrowed, please note—a fascinating audiobook from the library, Cheap: The High Cost of Discount Culture, by Ellen Ruppell Shell. It’s all about consumerism and it focuses particularly on discount stores—which happen to be the site of many of my purchases that I later regret. The book… Continue reading Response to Cheap: The High Cost of Discount Culture
Compulsive Buying: An Impulse-Control Disorder
Although not all compulsive buyers are particularly interested in such distinctions, there’s some uncertainty among the mental health profession about whether to see overshopping as a genuine disorder or merely a bad habit, and more uncertainty about whether, if it is a disorder, it aligns more closely with the obsessive-compulsive spectrum or with the impulsive-control… Continue reading Compulsive Buying: An Impulse-Control Disorder
Have a Good-Not a Goods-Holiday: The good life comes from doing, not having
With the holiday season upon us (and retailers lathered up for it), I want to remind us all (as I remind myself): a good holiday doesn’t have to be a goods holiday. And this year, in spite of the massive sales machine that grinds 24/7 from now until Christmas, it’s a little easier to live… Continue reading Have a Good-Not a Goods-Holiday: The good life comes from doing, not having
Takeaways from the Rebound and Recover Panel at the Texas Conference for Women
On November 10th, I was a member of the personal finance panel at the Texas Conference for Women in Houston. The panel, Rebound and Recover: Strategies for Emerging from the Recession and Taking Control of Your Finances, definitely delivered on the promise of giving the audience members practical skills and tools and I was delighted… Continue reading Takeaways from the Rebound and Recover Panel at the Texas Conference for Women
The Smartest Way to Save: Why You Can’t Hang on to Money and What to Do About It
Samuel K. Freshman and Heidi E. Clingen’s new book, The Smartest Way to Save: Why You Can’t Hang on to Money and What to Do About It, is so deceptively simple and reader-friendly that you almost don’t notice until you’ve finished how comprehensive it is. Replete with wise and immediately practicable suggestions about how to… Continue reading The Smartest Way to Save: Why You Can’t Hang on to Money and What to Do About It