Apparently, a recent study has shown that Malaysians shop too much and are driving ourselves into bankruptcy with our shopping habits. Ouch! I think that’s a bit of a generalization because there are people who do shop like maniacs, buying this that or the other without thinking twice and driving themselves into bankruptcy, and there are people who shop smart. You just have to know your limits and I’m very sure most of you stopping by here do :)
The study also has shown that most people are abusing their credit cards by racking up big bills and then being unable to pay them off (a credit card is not free money ok, you do have to pay it back!) and that people shop because they find shopping therapeutic.
Now, I’m not about to say it isn’t. Sometimes, when you are really down or are really stressed to the gills, indulging in a bit of retail therapy does boost the adrenaline, and sends out the happy hormones. You could probably do the same with chocolate but that’ll just send it all straight to your thighs :P And shopping doesn’t have to be an expensive affair. The whole lipstick economy theory has been proven right over and over. When economies are down, people buy more lipstick because its an inexpensive pick me up (plus you also look better with lipstick on ;) )
What say you then. Do you find shopping therapeutic and do you impulse shop?
I personally try not to stress shop. Having done it before, I’ve learnt that I pick up a lot of rubbish when I stress shop, like spending more just to get a GWP. Yes I find it therapeutic to pick up a little something but when things calm down, I realise that I did not need it or that it was really ugly and I don’t know why I bothered :P Shopping while stressed can result in impulse shopping for the sake of buying something, which is bad for your guilt and wallet.
Retail therapy isn’t something I indulge in often also, because I am a bit of a skinflint and I don’t go out to malls very often. So I indulge in some things but not others. I may pick up a new lipstick or drugstore goodie which will keep me happy, but I won’t pick up anything too pricey unless its on sale at a very good price or its something I’ve been planning to get anyway.
If there’s a sale on, and I’m in the market for say, new clothes, I will spend a little more. But I have my limits and I tend to be a cash only shopper unless I’ve forgotten to draw money. I also pay off my credit cards in full every month so I know for a fact I’ve got things under control :)
I do find that having a goal to save up for helps me with my reality check. If I have to pay for a car and for a house, that takes priority over buying a new pair of Jimmy Choos just because I’ve had a bad day. Sometimes, that bad day at work may pay its dividends in the end, and then I can splurge guilt-free ;) Also, once you’ve paid yourself and your commitments first, you’re pretty much free to splurge at will.
But what say you then? Do you find shopping therapeutic and that retail therapy is your cure for a bad day? Are you careful with your money even as you indulge in your shopping therapy or do you impulse shop and panic when you see your credit card bills? I won’t judge and neither should anyone else :)