Shopping Addiction Can Lead You To The Debt Trap
When you buy impulsively it is time to be concerned as such shopping addiction may lead you to the black hole of debt. It is a feeling when you feel ‘high’ when you spend, on necessary and mostly on unnecessary objects. The most probable cause of such addition is that you are not able to distinguish properly between your desire and need. This results in buying things which you could have easily done without and keep your expense level to the minimum. In such addicted and impulsive buying you tend to use any possible option to get the required cash and do not even hesitate to use your credit card extensively.
Know The Beginning
It all starts with the urge to buy and spend even when you do not have the required money in hand. You start to borrow from people to quench your desire and due to the ever existent shortage on money; you cannot return the money, with or without interest on time. This leads to the constant pressure and stress for the requirement of money and if you use credit cards or avail other forms of loans then you are more into the debt trap. Such loans carry high rate of interest which gets accrued with the principle amount very fast and quickly reaches to an unmanageable limit. You ten start to get collection calls resulting in the increase in your anxiety and depression.
Items Of Purchase
The items of such addicted purchase include mostly wants and not needs which increases the limit of expense and decrease the available amount of cash in hand. The most common items that are bought if you are a shopping addict are electrical gadgets and phones, jewelry, exotic shoes and fashionable clothes just to reflect your persona and self-image. You feel a sense of being in making such expense and this is the significant sign which implies that anxiety and shopping addiction goes hand in hand. The primary implication of such addicted people is falling into debt trap.
Falling Prey To The Strategy
The marketing strategy has changed immensely from the old and traditional ways that you used to know. Nowadays, you have the concept in most of the big stores of buying now and paying later which even spurs your urge for spending even more. Knowing that you have nothing to pay, you make the purchase and succumb to the debt trap which is created by the high rate of interest that such purchases are often associated with.
Ways To Overcome
It is therefore imperative that you overcome the addiction and not just make necessary arrangements to pay off the debt. Even if you consolidate credit card debt and pay off, you would again make similar purchase and fall into the trap again. Therefore knowing the ways to overcoming the addition is best. It is simple even where you just have to be honest to yourself, talking to the friends and family for support, limiting your purchases to needs only would help you see through such addiction and difficult phase. Check out for credit card debt help and go for it in order to get a good solution for your problems.