Shopwise Shopaholic! Tips to save money!

tips-to-save-money-while-shopping

Everyone loves shopping and is something everyone do weekly or monthly. We should spend our money wisely and save ourselves and families some money if shop wisely and resist those impulses to buy whatever we want. In this blog post, we will be discussing about some ways to shop wisely and save lots of money. Follow the following tips to shop wisely. 🙂

1. Compare prices on different types of items with other stores, before making purchases

When you are purchasing products such as clothing, shoes…Compare prices at different stores, such as discount stores, department stores, garage sales and online stores.

2. Refuse to pay regular price for an item. Keep up to date with weekly sales, specials and clearance items.

You can sign up to shop’s newsletter by knowing when’s on sale, do not hurry to make purchases.

3. Restrain Yourself from Impulse Spending

When you are going shopping, commit yourself to buying what is on your list. Always pay close attention to the things you need, but put the things you want on hold for the moment. Beware of shopping when you are stressed, depressed or lonely, you can be tempted to buy items you do not necessarily need.

4. Do not always purchase items that on sale that you normally would not purchase, whether it is groceries, electronics, clothes or whatever it is

Ask yourself what is the budget before purchasing and think whether this is a need or a want.

5. Do not succumb to the temptation to use coupons to buy items you don’t regularly buy or need

6. One or two weeks of month, declare a week where you don’t buy anything else other than groceries, gas and bills during that week

You can set a goal for yourself for not spending money on buying clothes

7. When going shopping, take a certain amount of cash to cover the cost of items you intend to buy

Reference

http://janellegems.hubpages.com/hub/7-Smart-Ways-to-Shop-Wisely-and-Save-Lots-of-Money

Does personality affect compulsive buying?

Woman shopping

Recently, I have read a paper by MikoĹ‚ajczak-Degrauwe et. al (2012) examining a question “Does personality affect Compulsive Buying?” I found the reading interesting because I could learn more about the relationship between personality and compulsive buying. In the previous blog posts, we have identified different factors leading to compulsive shopping and provided some tips for shopaholic to shop wisely. In this blog post, we will be examining does personality affect compulsive buying based on the Big Five model. Not only shop wisely is important, it is also useful for us to understand the factors leading or affecting compulsive buying.

According to MikoĹ‚ajczak-Degrauwe et. al (2012, p. 131) stated that “compulsive buying (CB) is a ‘consumer’s tendency to be preoccupied with buying that is revealed through repetitive buying and a lack of impulsive control”. In the reading, MikoĹ‚ajczak-Degrauwe et. al (2012, p. 132) stated that “by knowing which variables significantly influence the nature of CB will help clinicians and affected persons to understand what the ‘driving force’ behind this behaviour and to address the potential source of problems during the therapy”. I agreed with this statement because by understanding what are the driving force behind this behaviour, then it is easy and more effective to find the most suitable solutions to address the problems.

The reading focuses on the compulsive buying and the Big Five Model (Five Factor model of personality). It is interesting to note that according to the personality traits results shown that “low Conscientiousness, high Agreeableness and low Stability predict compulsive buying directly” (MikoĹ‚ajczak-Degrauwe et. al 2012, p. 133).

Although there is no consistent findings could be drawn on the relationship between compulsive buying and personality. However, the research found out that “emotional and identity-related dimensions of shopping are more important for women than for man” (MikoĹ‚ajczak-Degrauwe et. al 2012, p. 139). This could draw upon on the needs of young people on consumer activities or to establish an adult identity by consuming goods such as some luxurious brands.

Although buying products could release your stress or internal tension, it is important not to shop compulsively and impulsively. Since there are many ways for you to relieve stress, shopping is not the only option. When going shopping next time, remember to shop wisely, using the tips by Shopwise Shopaholic in the previous blog posts!  🙂

Reference:

Kalina MikoĹ‚ajczak-Degrauwe, Malaika Brengman, Birgit Wauters and Gina Rossi (2012). Does Personality Affect Compulsive Buying? An Application of the Big Five Personality Model, Psychology – Selected Papers, Dr. Gina Rossi (Ed.), ISBN: 978-953-51-0587-9, InTech, Available from: http://www.intechopen.com/books/psychology-selected-papers/does-personality-affect-compulsive-buying-anapplication-of-the-big-five-personality-model

Interview

shopaholic

According to The Guardian stated that one woman in five is a shopaholic. Experts believe that 10% of the population, and possibly 20% of women are compulsive shoppers. Most shopaholics are seriously in debt, and the condition has led to family break-ups, depression, homelessness and even suicide. So why women love shopping? In this blog post, we will be interviewing with one of our Facebook page fan. We will be discussing with her about her impulsive shopping experiences.

Stephanie Lam, 19, student at the University of New South Wales stating that “I just simply love shopping for no reason! I love buying clothes, therefore I have too many clothes. My wardrobe doesn’t have space to fit all my clothes in”. I believed that there are many young women like Stephanie loves shopping due to several reasons. Firstly, WE LOVE TO DOLL UP! It is a well known fact that outfits, footwear, eye wears, jewelries, bags, skincare and make up products…that raises our style quotient deserves a place in our shopping list. Therefore buying one item on the list will automatically paves a way for the rest of items in our shopping cart. And one of the most important factor: SALES AND DISCOUNT OFFERS! Stephanie added, “when there’s sales or discount offers, I would immediately go into the shop. I believe that if I don’t buy anything, it is kind of a waste of chance for not getting the products! And also being a woman itself qualifies as a reason for shopping! ”

“When I am feeling stress or low, retail therapy can help me to combat depression” Stephanie stated. It is notice that there are many women would just retail therapy to combat depression or relieve stress. Stephanie asked us during the interview, “Are they any ways to help me to shop wisely and to save lots of money?”

In the upcoming blog posts, we will be providing different tips for people like Stephanie to downsize her wardrobe and different ways to shop wisely and save lots of money! So please stay tuned shopaholic! 🙂

 

Reasons behind compulsive shopping

In the previous blog post, we defined the term “shopaholic” and discussed the different symptoms of a shopaholic. In this blog post, we will be discussing about the reason behind compulsive shopping and provide tips and assistance for shopaholic.

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The most causes for compulsive shopping are psychological. Compulsive shoppers maybe have emotions of loneliness, depression, feel out of control in particular area, and seek to spend money in order to relieve the stress. Therefore spending addiction is a symptom or warning sign that there are deep-rooted feelings one is trying to avoid facing. Therefore by shopping help numb those troubling feelings for just a while. The following are some psychological conditions which associated with compulsive shopping which includes:

  • Emotional deprivation in childhood
  • Inability to tolerate negative feelings, pain, loneliness, boredom, depression, fear, anger
  • Need to fill an inner void – empty and longing inside
  • Excitement seeking
  • Approval seeking
  • Perfectionism
  • Genuinely impulsive and compulsive
  • Need to gain control

Some behaviours and emotions have been associated with as potential causes of shopping addiction including:

  • A reaction to disappointment, stress, anger or fear by shopping
  • A feeling that one’s spending habits are out of control and are causing friction or conflict in one’s family, relationship
  • Feeling a sense of euphoria as well as anxiety while shopping
  • Experiencing a sense of getting away with something forbidden while shopping
  • Feeling severe guilt or remorse about having gone shopping, especially if it contradicts promises made to one’s self or a loved one
  • Buying things that are never or almost never used—in other words, buying for no reason other than to spend

Getting help

People suffering from compulsive buying disorder can seek shopping addiction treatment from a treatment center, therapist or psychologist despite the lack of a quantified, well-defined diagnosis since the underlying issues are indeed psychological.

There following are some treatments for compulsive shopping:

  • Reduce temptations
  • Make lists before going to the store; buy what you need only
  • Take a trusted friend
  • Wait so many hours before purchase
  • Do you need this or do you just want it?
  • Develop other ways to handle emotions
  • Develop fun things to do
  • Learn to ride through urges and preoccupations
  • Develop habits in stores

References:

http://www.addictionhelpcenter.com/causes-for-compulsive-shopping/

Are you a shopaholic?

In the previous blogs, we have identified the different types of shopping; and we focused on the recreational and impulse shopping. In the following blog posts, we will be discussing the truth about shopaholics, the causes and ways to shop wise if you are a shopaholic.

According to the dictionary online, shopaholic could be defined as “a person who shops compulsively or very frequently”. Shopaholics could also be known as compulsive shoppers or shopping addicts, which may suffer from a psychiatric disorder which known as compulsive buying disorder. All additions have the same basic symptoms such as obsession, compulsion, loss of control and continued use in the face of negative consequences. Primarily, compulsive shopping thought to be mainly affect women. However, it is now believed that affect both genders equally.

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According to the research by Australian Psychological Society, found out that the figures released by the Australian Consumers’ Association reveal that almost half of all the Australian households are in debt. And there is an increasing number of compulsive shopping. In fact, recent research found out that one in 12 Australian shoppers are suffering this disorder. Let’s have a look at the most five common symptoms of a shopaholic.

1. Shopping causes intense feelings

Suffering from compulsive buying disorder would have a sense of excitement before a purchase, an inability to resist the urge to shop and a rush or sense of reward while shopping, despite any negative consequences of their actions.

2. Shopping despite feelings of distress and guilt

People may have feelings of anxiety or tension while they try to resist the urge to shop.

3. Spending is impulsive and excessive

Compulsive shoppers are more likely to shop excessively and impulsively, typically making their purchases on credit.

4. Financial problems and big debt

5. Spending causes relationship problems

Compulsive shoppers often have problems in personal relationships as well as financial issues. According to research by the World Psychiatric Association found that nearly 70% of compulsive shoppers admitted that their behaviour based problems in their relationships.

Don’t worry if you are a shopaholic, but be a wise one! In the upcoming blog posts, we will be discussing about the different factors leading people to shop unwisely and tips to shop wisely. Please stay tuned with Shopwise Shopaholic! 🙂

Reference:

http://health.howstuffworks.com/mental-health/5-signs-of-shopaholic.htm