Number of items in the shopping list - 24
Number of items in the shopping cart - 45
This happens to me many a time. Probably to you too. Every time I go shopping for some groceries or apparels or anything at all, for that matter, I end up spending more than what I had planned initially. What was supposed to be a trip to the nearby shop for essential items, becomes a full-fledged shopping mania. Why does this happen? Is it a disease? Let me analyse this from my viewpoint.
Today, in my opinion, I feel there are a lot of factors that force us into buying things. We can find a variety of reasons to buy something; but we have hardly any reason not to buy it.
- Peer pressure: My friend has an MP3 player and a mobile phone with GPS. Let me buy a high-end mobile that is an MP3 player, a 5MP camera, a GPS unit and a mobile, all put together in one. My friend says it is a good buy. (If you are married, replace or add spouse pressure to peer pressure)
- Financial position: I make enough money to spend, why do you care? I’ll spend all my money the way I deem it fit.
- Credit Cards: Well, I don’t have enough dough for this pen drive now, but I always have a credit card. So I can pay it later next month…. happy..!
- EMIs: I’ll pay for this mobile in EMIs – flat interest rate of 24% per annum.. But still, the monthly bill comes to less than 3K.
- Offers: Buy 3 bedspreads for the cost of one.. or buy a fridge and an oven, and get Rs.1000/- off. Of course, conditions apply..
- Very rarely, we might really have a habitual disorder requiring medical assistance.
On the contrary, getting reasons for not buying things is very very difficult. More and more ads on the TV, better economic status, easier access to shops, all these further compound things, to make matters worse.
How do I overcome it? Well, the answer to this question is tough. One way would be to decide on a no credit card/EMI purchase policy, and adhering to it sincerely. Also, make a proper and well-planned budget every month, and do all the shopping at a single go. The number of things bought is directly and logarithmically proportional to the number of visits to the shop..
Also put in your views, and the methods to overcome this habit of compulsive overshopping.
A simple google search revealed that we are not alone in this. Compulsive overshopping and overspending has now become more of a norm, rather than an exception, especially in the generation X. Our parents were definitely spending less and managing funds more efficiently than us. So what are we missing here?
Created by Santhosh and Charan, both of whom I know through the 