Category Archives: Business Products & Services

Reasons of Overspending and Your Financial Instability

Overspending is perhaps the most significant reason for you to end up in financial instability. Therefore, you should first know the reason why you overspend and the find the necessary ways to control it and reduce your debt accumulation. It is found by researchers that compulsive spending is similar to other compulsive disorders like gambling, drinking and gambling and all the issues that are related to such compulsive behavior are very complex. Such overspending attitude of you may be due to the need to compensate with some loss or lacuna in life that you may have faced which eventually has turned you up into a shopaholic.

Overindulged or Spoiled

It is also found that shopaholics and compulsive spenders are either spoiled materially or have   been overindulged in the childhood and may have had poor role models to follow and therefore the dynamic continued to their adulthood. They either have got whatever they wanted in their childhood, a habit which had spoiled them and which instead of dying over time has grew up to an alarming extent where they do not mind now to even borrow to fulfill their desire. With the availability of easy loans and credit cards, it is …

Managing Your Shopping Addiction and Debt Effectively

Shopping addiction or impulse buying as it is called is a condition when you feel high by spending money on making purchased and more often than not on things which you want rather than on things which you really need. This is a serious issue which can lead you to the debt trap which you may find difficult to get out from once it reaches unmanageable proportions. Given the easy access to money and borrowings in today’s world it is even easier to fall into such traps and then end up struggling to find out ways to repay or eventually declaring bankruptcy.

Care for the Start

You should take care of it right from the very beginning and when you notice that you feel the urge of spending even when you do not have enough money in hand to meet the expenses. This is when you should consider yourself to be acting under the spell of shopping addiction. When you find that you are attracted towards clothes, electrical gadgets, jewelry and others which are related to self-image, you should take some time, pause and think it over. The status anxiety and shopping addiction in such case is bound to lead …