Retail therapy! Easing the pain of a crappy day, week or month one purchase at a time. Distracting us with the thrill of the hunt, the deal of the day or three times the bonus points!! How can we resist the offer to sooth our soul and make our life seem richer – even if only for that impulsive ecstasy moment?
Is Your Impulse Shopping Fun or Frightening?
Over the weekend I scoured Netflix looking for a good chick flick to watch. Curled up on the couch, I settled in and pushed ‘play’ to watch Confessions of a Shopaholic. , If you haven’t seen the movie or read the books, Confessions of a Shopaholic is about a young woman who ironically gets hired as a financial journalist while she herself has a serious high-end shopping addiction. Severely in debt, she is hounded by creditors calling daily! Not an Oscar winner by any means but a fun movie to watch. Maybe you (and I) are not “shopaholics” but perhaps you (and I) have been guilty from time-to-time of making impulsive purchases.
A Laptop, A Credit Card and a Buy Button
You know I am right, even the strongest willed women have succumbed to this on occasion, and now with online shopping, impulsive buying is easier than ever. How many emails do you receive a week from your favourite stores? Daily temptations arrive in my inbox from a variety of retailers. Usually I just delete without even looking. But catch me at a weak moment and, coupled with the fact that I know my credit card number by heart, –BAM – Victoria your purchase is complete. Thank you for shopping at our online store.
Combine that deadly duo with retailing superstores that offer groceries, beauty and clothing in a one stop shop. The temptations are everywhere. The result? We are filling our closets with one hit wonders while depleting our hard earned monies.
The 6 Tips You Need to Curb Your Impulse and Keep Your Money in the Bank
Does this sound familiar? Don’t despair, I am right there with you, and although I am not a completely recovered impulse-ecstasy shopper I have learned a few things along my way. Here are a few tips that will help you slay any impulse demons that might be lurking:
1. Shop With a List
A list is CRUCIAL, much like grocery shopping having a plan when either in the mall for the day or online shopping will help curtail any non necessary purchases.
2. Ask About the Return Policy
This is a MUST! Some retailers have great 30-90 day return policies with full refund, others are less time or in store credit only, ask BEFORE the purchase is made, this gives you some reassurance that the item can be returned if once you are home, you decide that it wasn’t right.
3. Check Out Consignment Stores
To sell those articles that you hang onto (but never wear) because of the money spent.
Donate any additional items to local women’s shelters – you will feel great about your donation and the women who receive them will benefit from your generosity.
5. Pay with Cash or Debit!
Yes I have my credit card number memorized in my head; No this is not a good thing! We all know how easy it is to buy now and pay later and we do NOT want to end up like Rebecca Bloomwood from Confessions of a Shopaholic. Even when you know the return policy, deciding to pay with cash or debit acts as a deterrent to an impulse buy.
6. Avoid Giving Out Your Email
When in stores shopping, I often decline this now regardless of the coupon that will be sent to me, we both know this coupon is for the retailers benefit not the customers! Because sooner or later I will weaken. And if you are already on a list? Feel free to unsubscribe.
The Closet Clean-Up
It took me awhile to learn to adopt these strategies, but once I did, I saw my bank balance go up and my poor purchasing decisions go down. A great first step is to go through your closet and separate the “keepers” from those items you no longer wear. It will give your spirit a lift and help you begin to build that all important list of what you need to buy to round out your wardrobe, rather than what calls your name the next time you step into a mall.
Not sure where to start? What items to keep or donate? I can help. Book your complimentary Style Success Session with me here.