Can you say with complete confidence that while shopping from the comfort of your house, you’ve never shopped out of budget?
When many women and men were asked the same question, about 80% women confessed being guilty. Men too had the inclination to overspend whenever they shopped online. Of course, men seldom shop but those that did, confessed spending way more than they should otherwise have spent.
Most people think going shopping is very tempting and can cause one to overspend. Such people wonder why home shopping channel addiction is the quick road to credit card debt. The truth is that shopping online has greater risk of tempting people into overspending and going into serious arrears. When one takes cash for spending, it serves as an option for self control. It fixes a limit to the amount one should spend.
When one uses the credit card to shop online, temptation overtakes sensibility and self control. The thought in anyone’s mind while shopping online is “I’ll pay off any way”. This is the biggest mistake online shoppers make. Although there are options to pay off, they only work for small amounts of loan. When one gets addicted to using the credit card, the realization of huge unpaid sums hits hard.
Help! I’m a Shopping Channel Addict
People who are addicted to shopping online act on impulse! They constantly feel like they need to buy items they see online. The main problem with such people is that they lose track of what they need and what they want. Not being able to differentiate between these two situations is one of the biggest problems online shopping addicts face.
Whenever they see sparkly shoes, they “need” it because they want to feel good about owning it. Unless and until they own it, they cannot feel happy. If you’ve watched “Confessions of a Shoppaholic”, Isla Fisher acted like one perfectly. It’s a movie that shows how the need to spend money to own what they like consumes online shopping addicts. Rebecca Bloomwood (Isla Fisher) went deep into debt, faced bankruptcy, almost lost her love and faced lots of humiliation before she fought against her addiction.
The truth is that for most people addicted to home shopping, it takes much more than that before they come to their senses. Sometimes it’s too late and there are more serious consequences. This is why www.consolidatedcredit.org offers assistance to help people in trouble.
To some extent it is fair to say that online shopaholics are not to be blamed. That’s because home shopping channels lure people into buying. They have the power of words, the power of vision and the power to tempt. They know what people are looking for and they know how to use the words to make you feel like you cannot do without buying. To top things up, the option to use the credit card is like the mother of all temptations.
Quick Tips to Prevent Credit Card Debt
Here are some quick ideas for you to be able to home shop without going deep into credit card debt.
- Don’t max the monthly limit of your credit card: If you don’t have a maximum spending limit on your credit card, fix one now! This helps control the amount you can spend using your credit card.
- Work with a monthly budget: Everyone needs to work with a monthly budget. Make one for your spending on luxury and necessities. Define the difference between your needs and wants.
- Think before you act: As tempting as anything may be, take a moment to think about whether you really need that item. If you don’t then look away immediately.
- Installment Payment is Not an Option: A loan is a loan, and an installment payment is also a debt. This is not an option!
- Stay miles away from credit offers: There are sites where credit is offered to tempt shoppers. Don’t fall for that trap.
- Don’t Let Auto Delivery Tempt You: Receiving the item within the shortest time can be very tempting. Just like credit offers this is also a marketing trick to tempt people into clicking the “Buy” button.
Published in: Consumer Information