A Stanford University study conducted in 2006 found that 6% of Americans are shopaholics. Terrence Daryl Shulman, author of three books on the subject, says there are seven different types of shopaholics. The compulsive shoppers distract themselves from their feelings with shopping. The trophy shoppers look for the perfect outfit. The image shoppers buy showy things like expensive cars. The bargain shoppers buy things because they are on sale. The bulimic shoppers buy and return. The codependent shoppers buy for approval of others. The collectors buy set of things or different colors of the same clothing. If shopping is causing problems in your life, you may be one of the six percent.
Read the entire article here: Are You a Shopaholic?
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.