How to Curb Compulsive Spending
Millions of Americans find themselves spending compulsively as one way to deal with stress, and the problem seems to be on the rise. Many people convince themselves that shopping makes them feel better. However, they actually usually feel worse after it's done, particularly when the credit card bills arrive in the mail. Compulsive shopping does not make a person feel less lonely, less anxious or less depressed. It doesn't even really make you feel more in control. It does increase your financial debt. No matter what the underlying cause is, you can learn to control a compulsive shopping addiction.
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Instructions
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Find a more practical way to deal with negative emotions. Once you identify the underlying cause, you have a better chance at preventing shopping binges. Shopping addicts generally tend to have trouble controlling their impulses, or some people may be trying to fill a void in their lives. The first step is to admit that you have a problem.
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Take a friend along with you when you shop to discourage you from buying. Back up the strategy by writing out a shopping list and sticking to it. Pay for any purchases you do make with cash or a check. If you pay with cash, you can keep better track of what you spend. Once the money is gone, it's gone.
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Cut up all but one credit card to use in the event of an emergency. Limiting your resources can help to curb impulse buying. It can also prevent you from spending more than you can afford. Another tip is not to spend time browsing or window-shopping. If you do like to window shop, do it after hours when the stores are closed. In doing so, you can't be tempted to buy. In any case, you shouldn't use shopping as a hobby.
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Look for shopping alternatives when something bad happens. Avoid shopping when you are upset. If you do, you will likely find yourself buying things that you don't really need or even want. Find other outlets for your emotions. Go for a walk or exercise instead.
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Go shopping for things you need just before the store closes. Limiting yourself to just enough time to go in and get out with what you need won't allow you time to do other shopping.
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Join a support group for compulsive shoppers. This is a good idea for anybody who struggles to control their spending. You'll be among fellow sufferers--and recovered ones--who can offer you help and hope. Learning more about the disorder can help you to understand your own motivations and behavior.
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Tips & Warnings
Although shopping addictions have been primarily studied in women, a study reported in the American Journal of Psychiatry points out that over-spending is just as common with men.
Earning more money does not solve the problem of compulsive spending habits.
