Are You a Shopaholic?

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A Merriam-Webster podcast defines shopaholic as someone who is extremely or excessively fond of shopping. A more recent story lists these common signs of someone who may be taking shopping to the extreme.

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You buy items you don’t need

According to some experts, people who shop excessively are often tempted by items they can easily do without. Think: Fifth pair of sunglasses when three haven’t been touched.

You have a lot of unopened items or clothes with tags

You have a lot of unopened items or clothes with tags

It may be easy to dismiss the too small shoes that you’ve never worn, but boxes on boxes of unworn shoes or lots of clothes with tags still attached may reveal a larger problem.

You feel guilty after shopping

You feel guilty after shopping

According to Columbia University, shopping addicts usually feel guilt, anger and/or sadness following the initial euphoria of shopping. If your shopping leads to guilt and yet you shop again, you could have a problem.

You live beyond your means

You live beyond your means

Not all shopaholics are deep in debt and not everyone deeply in debt is a shopaholic. However, living beyond your means without any idea of what you’ve spent the money on may indicate a bigger issue.

Spending is preventing you from achieving your goals

Spending is preventing you from achieving your goals

Everybody’s financial goals are different based on their circumstances. If your spending habit is impacting your life in a negative way, it may be time to evaluate your behavior.