This month, CreditDonkey surveyed over 1,000 Americans about their shopping habits and payment preferences. The results suggest that a significant percentage of consumers display many of the shopaholism indicators. The biggest red flag is feeling a rush of excitement after making a purchase, which nearly half of all responders felt! Another is feeling guilt after… Continue reading Survey says: High Percentage of Americans at Risk for Shopaholism
Category: Money Psychology
Why Do Materialists Worry About Their Finances?
How tightly someone manages their money is not always an accurate meter for how wisely they spend it, especially in the case of materialists and compulsive spenders. These types of people generally emphasize the importance of money and being financially successful. On the flip side, they are also more likely to be unsatisfied with their… Continue reading Why Do Materialists Worry About Their Finances?
Lying About Your Shopping Habits to the People You Love
When your spending is out of control, it can wear you down emotionally and put a strain on your relationships. Even if it doesn’t come directly from your debt, it could be out of shame for your actions, causing you to hide your secret addiction from the people you love. If you’re embarrassed about your… Continue reading Lying About Your Shopping Habits to the People You Love
Are You a Shopaholic?
A shopping addiction can really sneak up on you. Many shopping addicts do not even care about what they buy as much as the feeling they get when they buy. If you suspect you may be a compulsive spender, step back and take a look at your habits. Do you spend money when you feel… Continue reading Are You a Shopaholic?
Fashion Blogs May Be a Hazard to Your Health… Especially If You’re a Celebrity Worshiper!
We’ve all had a “celebrity crush”, and “Celebrity Worship, Materialism, Compulsive Buying, and the Empty Self” reveals what can happen when that “crush” turns into an obsession. Celebrity worship is associated with “The Empty Self Theory.” a theory that suggests that someone with an empty self “is plagued by a loss of a shared sense… Continue reading Fashion Blogs May Be a Hazard to Your Health… Especially If You’re a Celebrity Worshiper!
Shopping and the Six Human Needs, Part Two
Remember Anthony Robbins’ “six human needs?” Let’s talk about the final three. These are connection, growth, and contribution. How can these help us understand shopping addiction? Shopping can provide some sense of connection with others: you’re engaging in a common activity, what you’re purchasing (a gift) is a way of connecting, or you’re engaged with the… Continue reading Shopping and the Six Human Needs, Part Two
Seven Deadly Spending Traps
Carole Moore at Bankrate.com lists seven shopping traps to be avoided: 1.) Shopping as a hobby or a sport. 2.) Shopping sites on the internet – after all, it’s called “the net” or “the web” for a reason. 3.) Having to own the latest technology – skip an update or two. 4.) Mistaking shortcuts for… Continue reading Seven Deadly Spending Traps
Money Can’t Buy Happiness
With a shopping addiction comes an idea that each purchase will improve one’s happiness, creating an artificial “high” that an addict thinks will last. This is not the case, and although happiness spikes before a purchase it ultimately returns to a baseline level afterward. People known as “high-materialist” consumers have (often unreasonably) high expectations about… Continue reading Money Can’t Buy Happiness
The Other Person is Never the Problem
Throughout daily life, you’ll encounter frustrating people: People who cut you off in traffic, people who are rude to you, and people who just don’t do things the right way. These are the folks you like to blame for your frustrations every time you feel slighted. But you know what? Those people are never the problem,… Continue reading The Other Person is Never the Problem
Get In Touch With Your Spending Emotions
In today’s economy, people are actively gaining awareness of their spending habits. People who once spent money without worry are keeping track of their expenses as well as their feelings when making financial decisions. In studies regarding people’s emotions, when spending their money, there are two ends of the emotional spectrum. On one end, there… Continue reading Get In Touch With Your Spending Emotions