In fact, I believe that all the arguments and feuds I experienced acted as lessons to teach me what I should and shouldn’t do with my money.
For this very reason, I wanted to write a short blog post about how dangerous a compulsive shopping addiction can be, and why you should avoid falling into the trap at all costs.
This could potentially be seen as a good thing.
One of the things I love about ‘reckless spenders’ is their knack for picking out good items – regardless of price (in most cases.)
Sure, they’ll almost always opt for the premium if it’s available, but they have a sixth-sense for what looks good.
Many, not all of them, also have excellent fashion sense – and they’re usually the first person we come to ask for advice regarding our dress sense and overall appearance.
However, the positives stop there, for there are more dangers and perils that await those who behave like someone with a compulsive shopping addiction.
Compulsive shopping addicts love to live an expensive lifestyle
Regardless of whether they can afford the lifestyle or not.
They see terms like “limited edition”, “exclusive”, and others coined with high prestige and status, and buy into it religiously, no matter the effect it may have on their bank account.
They’re the type of people who will use the state’s welfare money to fund their apparent need for an iPhone 5, on the highest possible tariff.
It is simply a strong indicator of a lack of responsibility for their actions, and a lack of appreciation for what they currently own.
Being a rash spender brings about so many consequences, that I can’t help but wonder what exactly goes through the heads of people who behave in this way.
What causes a shopping addiction?
- Is it due to celebrity culture, trying to fit into a certain mold, group or clique of individuals – who in-turn makes them feel confident, wanted and ‘elite’ among their peers?
- Maybe, they just have an impulsive nature to spend for the sake of spending? For many people try to derive happiness from the things they have in their lives and/or use it as a replacement to compensate for other areas of their lives which are currently lacking in substance?
- Or maybe the rate at which technology and exposure to new forms of media is growing, causes many people to disregard the art and lose the skill of delayed gratification all together?
These are all valid assumptions and conclusions. However, research indicates that tightwards outnumber spendthrifts by a ratio of 3:2.
I’m glad to hear this is the case, but it doesn’t solve our problem in the slightest for there is still about 25-33% of our population who struggles dearly with handling money.
The Consequences of Compulsive Shopping
The idea behind controlled spending and budget planning is not about getting you to curb spending entirely, but rather to monitor your expenditures so you don’t fall into any irreversible pitfalls later in life.
In other words, it’s about living within and preferably below your means, in order to secure a stronger financial future.
The main consequence of behaving like a shopaholic is that you end up losing important life skills that would’ve served you splendidly in the future.
As highlighted above, I’m talking about the art of delayed gratification – arguably the most important life skill known to man.
In addition to this, you will inevitably lose the ability to function as a healthy human being should in society today.
What do I mean by this?
I’m referring to the fact that other major facets of an individual’s life many also be in jeopardy – as poor money management can lead to the loss of one’s home, or the destruction of a marriage and the family unit.