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 now even easier for the shopaholics to fall into the debt trap.
Change in Pattern
The pattern of spending and go for shopping has also changed significantly over time for such shoppers. For example you can have bulimic shopping which is excessive buying and returning of goods, bargain shopping, image shopping and much more. There is also a pattern called co-dependent shopping which is buying for others more than for oneself. There is an uncontrollable urge among the shopaholics to own the best item which is defined as trophy shopping by the experts has also resulted in impulsive buying apart from collector shopping.
Spending to Experience
There are some who want to shop, or spend as in this case, for having an untested experience such as going to a new vacation or trip, dining out in different restaurants every time and also spend on entertainments. Such addictions are hallmarked with loss of self-control, irritating behavior and constant mood swipes, increase in negative consequences, loss of jobs and even having unsuccessful relationships as well. Most significantly, such immature and indecisive expenses lead to accumulation of debt which reaches beyond manageable proportions and to pay it off you may also have to take a credit card consolidation loan.
Ways to Battle
You can start with the admittance that you are a shopaholic and then start reading books and articles on such addiction. You can also consult a therapist or a professional counselor for help, avoid the roads that lead to the shopping stores you always wanted to go, move ahead when you surf TV channels from the shopping and advertisement channels, close your online shopping browser, and engage with more and more people who are healthy and get involved with more and more activities. Most importantly, learn how to distinguish your needs from your wants so that you do not end up shopping for unwanted things further.