Find out how to recognize when impulse shopping is a problem, what to do about it, and how you can manage growing debt.
Lured by convenience, free shipping offers, flash sales, deal sites, or coupons, millions of American fall prey to the world of online shopping. The beauty of this routine lies in its accessibility — all you need is a credit or debit card and a Web browser. But it’s easy for this occasional habit to turn into a binge or a full-fledged addiction. Financial experts Nicole Lapin and Farnoosh Torabi share how to recognize when impulse shopping is a problem, what to do about it, and how you can manage growing debt.
Seek Emotional Support
Torabi says you need to stop and ask yourself: what void are you trying to fill with online shopping? Admitting you have a problem is the first step towards recovery. For many recovery might mean going to therapy. For others, it could mean reaching out to a friend or talking to someone when you feel the urge to shop. Whichever option is right for you, it is important to find the root of your shopping addiction in order to prevent it.