Being a shopaholic is no joke. It may seem like a trivial problem for some but those who are burdened with it or has a loved one suffering from it will think otherwise. Just like alcoholics cannot help but consumer liquor, shopaholics cannot help but buy stuff that they do not need.
If you think about it, all of us are shopaholics in some way. Thanks to consumerism, society has shaped us to think that we can buy just about anything even when we cannot afford it at the moment. In the past, there was nothing wrong with borrowing money or using credit cards for purchases. Relying on our future income to pay for today’s purchases seemed like an acceptable practice. But once the recession hit in recent years, that was not too appealing anymore.
Curbing an addiction like shopping is not the easiest thing to do. If the ordinary person find it hard to stick to a budget, then you can just imagine how difficult it is for a shopaholic to control their spending habits.
Thankfully, there is a debt relief program that can help – debt management. One of the things that can help with addiction is the presence of an external force. If you are a shopaholic, you need someone professional to guide you as you battle your inner cravings to swipe your cards. You can actually go through credit counseling first or you can go straight to debt management. Both involves a debt counselor who can provide you with relevant advice about how you can manage your finances more wisely. Their expert and professional input is needed by someone who needs guidance badly.
Another aspect of debt management that makes it ideal for shopaholics is the fact that it freezes all your credit cards. You are not allowed to use it throughout the duration of the program – which is usually 3-5 years. That should be long enough to try and get used to a life without any card purchases. In the meantime, you will have to make do with cash purchases.
Since you will be subjected to a debt management plan that is being monitored and implemented by the debt counselor, you are more compelled to follow through with it. You will set aside the money for your debts and the rest will be used for your basic needs. You will usually have very little left to spend on anything else. This seemingly frugal way of living that will be forced on you will be difficult but given the circumstances and the commitment to the debt management company, you will have to do the necessary sacrifices.
The best thing about debt management is the fact that your debt counselor will also provide you with the useful personal finance education that will keep you out of debt. Hopefully, you will let it all sink in so you can train yourself to control your buying habits. And when you get used to not using your cards, just ditch them completely. Given what you have been through, swiping another card could lead you right back to where you started so try to avoid it as much as you can.