Saw another interesting survey go out the door recently, this time focusing on retail therapy. And just like with the last one we blogged about (the debt between Generation X and Y), you always have to take these with a grain of salt since most are done to help sell/promote a company ;) But nonetheless they’re fun to talk about.
This one comes from the folks at eBates – a cash-back coupon site which I’m sure plenty of you know about and/or have used – who state:
“More than half (51.8%) of Americans engage in retail therapy — 63.9% of women and 39.8% of men shop to improve their Mood”
With the #1 item women tend to buy being clothes, and the #1 item for men being food. Here’s the chart with their complete findings, based on the whopping 1,000 adults they surveyed ;)
Now I can’t talk for the women here ‘cuz, well, I’m not a woman (though I must say it certainly follows the stereotype!), but I can certainly speak for the guys. And I’d say it seems to be right on target, though for me it would look a little more like this:
- Random adventures
I’m not one to get overly excited about electronics or movies/games/toys, but I’d def. blow through some money on alcohol and hanging out with friends – which would then inevitably lead to random (and expensive) adventures the more we went on ;) And/or piles of coins or hoodies, haha…
Luckily though I rarely go down that route anymore ‘cuz I’m an old
fart dad and I’m always hustlin’. So realistically I’d probably just go on a long walk or watch tons of House Hunters International and other addicting HGTV shows instead to calm down. All of which is not only cheaper, but I also then don’t have to explain where I’ve been for the past 24 hours a la The Hangover ;)
So that’s me anyways. Gone are the days of shopping to feel better (4 years and counting!) and I think I’m much better for it. A bit more boring, perhaps, but def. better for the wallet and new daddy lifestyle.
How about you? What do you do when you get upset about something and need a quick fix? What do you end up buying if you go shopping?? Make sure to call me up next time if you’re feeling generous – I’ll drive!
(Photo by andrewarchy)
Bonus tip: Find a good "balance transfer" offer to help pay off debt faster!
If you’ve been making payment after payment (on time) and still haven't been able to get your debt under control, snatching up a good balance transfer credit card offer may be the ticket to try. That’s where in order to gain your business - credit card companies will let you transfer your existing debt to a new card and let you pay ZERO PERCENT interest on it. Saving you tons every month!
What's the catch? Usually balance transfer cards charge a fee (around 3% of your debt balance) to let you transfer your balance to their 0% interest offer. But we've found a great credit card that will let you do a balance transfer absolutely free. Click here to learn more and see if you qualify!
PS: If you don't trust yourself with another credit card, ignore this! This strategy is to help you get out of debt quicker, not risk adding more to it.