The internet, TV shopping channels, and credit cards have made shopping even easier. While this has been great for businesses, it hasn’t been so great on consumers, who now face the temptation to purchase at any time of day, from anywhere. Easy availability of credit and a popular culture with a strong material focus have further facilitated compulsive shopping. Some symptoms of shopping addiction include: feeling lost without credit cards, lying about purchases, having to spend lots of time juggling accounts due to excessive spending, or experiencing emotional distress because of your spending habits, even though you experience a rush at the time of purchase.
Read the full article here: What is compulsive shopping and spending?
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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.