Graduated Learning: Life after College

I got my degree, I got a job…now what?

Shopping will be my undoing July 6, 2010

Filed under: Personal Finance — Stephanie @ 9:02 pm
Tags: , , , , ,

To be honest, I never really considered myself a “shopaholic” (what, am I addicted to shopahol?)  I hate going clothes shopping by myself.  I require others to tell me that a dress or top looks good, otherwise I wont buy them.  I can buy jeans and dress pants on my own, but still hate doing it.  And don’t get me started on bathing suit and bra shopping.  Not fun!

So, I don’t tend to go shopping too often.  I’ll only go to the store if I’ve got a “need” for something (new dress, new pair of dress pants, etc.), and usually try to take advantage of extra sales or coupons available.  I’ve gone shopping with my younger sister (and my younger sister + mom), and also often times go out with my good friend Melissa, who has a keen eye for fashion and what works on someone.  So she and I have gone to the outlets on sale weekends to update my wardrobe.  But on those weekends I end up spending $300 or more.

So, I don’t go shopping a lot, but when I do, I tend to go nuts.  Especially if I’m using my credit card.  I’d probably spend a lot less if I bought clothes with cash because a) it’s more painful to actually see your money go away, b) I wouldn’t want to bring too much cash with me when I’m out and about, and c) I like it better if I’m getting rewards (either from store cards or my rewards credit card).

My other shopping weakness is gifts.  While I know that cost of a gift is not representative of your love for or friendship with the receiver, I feel the need to buy the right gifts.  I’ve recently been a slacker when it comes to Birthday gifts (and some wedding gifts) and end up sending them late, but even then, I buy a lot.  Probably I spend even more because I feel a little guilty for sending gifts late.  I am a lot more likely to spend money on gifts for other people than on things I want for myself.  I rationalize spending on others readily.

The good news is that I tend not to get gifts for people unless there’s an associated event.  So, some months I spend a lot less (no birthdays/holidays).  Though I have bought things “just because”…so I should watch out for that.

Overall, I don’t spend a lot of money.  But excluding my necessary expenses (i.e. rent, utilities, loan payments, gas), my gift expenses tend to add up.

Do you have a shopping problem?  Do you store up your shopping until you can do it all at once, or do you buy the occasional item when necessary?  Any tips on reducing spending?

 

 
%d bloggers like this: