Shopping Addiction
When somebody needs something then they buy. However, some people also buy when they don’t require or buy much more than required. Some people also buy for status, experience, or to make them feel superior. Purchasing makes you feel good about yourself for a few hours. People often shop to feel better about themselves. These all are called shopping addiction and they are called as shopaholics.
Shopping addiction is similar to getting addicted to smoking, drinking alcohol as it gives the same highs, stress relief, or mental peace. It could create a dysfunctional life style. Shopaholics buy items they do not need and get into financial trouble.
There are two types of shopping
- Normal shopping
- Shopping Addiction
Normal shopping refers to those people who shop normally, which is necessary for daily life. Below are the few examples
- They purchase things, which are needed.
- Prepare shopping list with budget to spent on shopping or have something informally.
- Buy within their limits. If they cannot afford the item, they leave it. So there is less chance to face financial problems.
- May do window shopping to get better and reasonable prices.
Shopping addiction refers to those people who shop excessively and have uncontrollable desire to buy things. Below are the few examples of shopaholics:
- They purchase thing more than what they don’t require. They will not think before purchasing, just they need the thing.
- They do not budget the expenditure on shopping
- Purchase mostly with credit cards, borrow or spend money allocated to something else like children’s school fees, Loan repayments etc.
- Tempted by discounts – They will buy things they don’t need if there is a discount.
- Spend even if he knows that he cannot afford and faces financial problem further. Work overtime to pay debts.
The opposite of shopping addict is a miser who does not spend even if he needs something. Both are bad behaviors. However, shopping addiction is more likely to cause unpleasant financial outcomes.
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