There is a generally accepted mentality that a portion of the population is in serious debt because of consumerism. There is a constant battle of prestige between the “haves” and the “have– not” that has greatly influenced this struggle. It is true that banks have used unscrupulous methods for trapping consumers into outrageous credit card repayment terms. These credit card repayment terms are too good to pass up at first glance but quickly turn to impossible debts to control and repay. However, many experts say that if you find yourself in debt due to over-shopping or abuse of credit cards, you have only yourself to blame.
Understanding The Allure
Perhaps you have managed to overcome your tendency to rush towards any sale announced in your neighborhood. Let us say, that you are aware of the dangers of going out for window shopping and ending up with bags full of stuff. There is still the taunting allure of internet shopping, a convenient shopping utopia, that can lead even the most conscientious consumer astray from financial stability.
Internet shopping has become a preferred method for shopping for many consumers. Over indulging in purchases, that are clearly “wants,” has become effortless with just a click of a mouse. Email boxes are flooded daily with a bombardment of specials, one-day deals and internet savings. There are clubs and there are discount websites that keep tempting consumers with items that you are bound to love – but do not actually need. This type of blind shopping can quickly spiral out of control. Everyone can agree that the last place anyone wants to discover overspending is upon opening a credit card statement.
Steps To Take For Financially Sound Shopping
1. Unsubscribe from all email services that send discount or special offers. Not knowing what the offer is will prevent temptation.
2. For those emails that do get through, hit delete immediately without opening the email. The key is minimizing temptation.
3. Cancel all recurring payment purchases. Many times customers continue to pay for a product they are no longer using simply because they do not cancel these recurring payment programs. This can amount to significant savings over time.
4. Stop shopping online. Use only cash for shopping purchase. Try to shop in your immediate area.
5. Get help – If you feel that you are trying your best but cannot stay away from internet shopping, seek professional help. There are credit repair agencies that offer specialized counseling services in order to reign in the spending of an online shopper.
6. Start saving – Most people find that a maturing savings account give them a huge sense of security that is comparable to the high they have while shopping. Watching as your money grows and knowing that you have something stashed away for rainy days is a wonderful feeling.
7. Focus on indulging yourself every month – Put aside some money that you are allowed to spend any way you want. By allotting some budget to fun and frivolity, you will be able to stay free from further temptation.
8. Have your bank send you an updated balance after every debit purchase. Banks often offer the option to send a text message or email regarding any purchases made using a debit/ credit card. Ensure that this action is enabled. It is daunting to see your money diminish. Seeing the dollar and cent realities of your purchases can help to curtail unnecessary expenditures.
9. Get your family and friends to help you – Support from loved ones enables you to talk about your feelings and vent so that shopping does not become a crutch for emotional satisfaction.
10. Join forums or support groups for online shopaholics – You will be surprised by how many supportive programs are available over the internet. Seeking the understanding and experience of others trying to overcome the same shopping obstacle can prove priceless.