Most people have issues with spending money and maintaining their finances. This is true currently than ever before. Americans are overspending and that is why large debt is being experienced by so many, people living beyond their means. Credit is so easy to get – with many deals where no money is necessary. In a country where addiction and recovery is a problem, it spells disaster and it is time for Americans to assess their finances and try to curb their spending habits.
Many people around the world including Americans have an addiction to shopping. Compulsive shopping is the norm for them and for that reason; they are unable to manage how money is being spent on a daily basis. Some people treat themselves by going shopping and this is the case sometimes when there isn’t a lot of money available, which is financial suicide. And on top of all that, many people just don’t seem to care or they are unaware of the deep hole that they are digging financially.
Assessing the Obvious
For those with compulsive shopping addiction, it is not easy to be aware of the problem. Therefore, to assess whether you are a compulsive shopper or not, there are certain parameters and factors to consider such as:
- Your behavior
- Your spending
- Your debt
- How you respond to commercial advertising
- How you react to seeing an outfit on the Internet and in the store window
- Your approach to the idea of budgeting
- Your level of discipline
- Your relationship with money and credit
There are several questions to ask in evaluating your shopper profile. With the answers to these questions, you will be able to determine if you are a compulsive shopper or not. However, you have to be honest when giving your answer or you will find yourself back in the same addictive situation.
- Have you ever taken time off of work or school to shop?
- Has shopping caused issues in your relationship?
- After shopping, do you have feelings of guilt, regret or embarrassment?
- Has your shopping caused you to lose the respect of loved ones?
- Do you have a lot of debt?
- Do you have issues with paying bills on time?
- Do you use your credit card often?
- Do you prefer to shop with the money used to pay bills?
- Do you get an adrenalin rush when you think of spending money or shopping?
- Do you shop when you are disappointed or frustrated or after an argument?
- Does shopping result in insomnia or difficulty with eating?
- Do you have to hide packages from your spouse after shopping?
Most people with a compulsive shopping habit will tend to answer yes to several of these questions. If you also have unopened packages in your closet, you could be considered a shopaholic. If your life is focused on buying something new every week, you are compulsive. If you don’t think about how you are spending money and buy on a whim, it is time to reconsider how you handle your finances. You can alter the way you spend money, but you have to first admit that you have a problem.