A Bad Time for Shopaholics?

October 31, 2008 RSS Feed Print

If you were about to release a movie on shopping addiction, would you decide that now—as consumer spending plummets and the economy grinds to a slow crawl—was a bad time?

Advertising Age asked that very question, since "Confessions of a Shopaholic," starring Isla Fisher, is scheduled to hit theaters early next year. The movie, which is based on a book by Sophie Kinsella, revolves around a woman—who happens to be a personal finance reporter—who goes into debt buying the latest fashions. Just over 70 percent of respondents in Advertising Age's online poll said they would go ahead with the project, while the rest said they would hold off.

Meanwhile, if you're wondering whether you'll relate to the main character or feel sorry for her, compare yourself to the checklist of behaviors at Shopaholics Anonymous. Warning signs include when your shopping habits create chaos in your life, lead to conflicts between you and people you care about, and generate feelings of euphoria mixed with anxiety.

For one more take on the subject, check out this personal essay by Steph Auteri at Tango Magazine. She writes about how her love of shopping came between her and her husband and how her marriage eventually helped her get control of her finances. It's a great reminder that debt doesn't need to be a permanent condition.

  • The website 2Sense, which focuses "on matters of life and wealth," posted an interview with me here.
Tags:
personal finance,
movies,
shopping

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Bennett, andrew and royle, nicholas.

power cords computer liteon of AL 10:08PM May 19, 2010

Common sense would dictate that shopping should be curtailed in economic downturns.

But shopaholics are so diagnosed because they do not exercise common sense at any time.

They are compelled to spend, baby, spend regardless of their economic ability to do so rationally.

They accumulate debt beyond their ability to pay in good times, bad times and all other times.

They are merchants best friends and worst enemies.

They move merchandise, but lack the ability to pay for it.

In one way or another, they become a burden on all of us.

And when they control the purse strings of the entire country, we all live under the heavy cloud of debt that will be depressing for our children, their children and for generations.

HillbillyBill of TN 7:19AM November 01, 2008

Common sense would dictate that shopping should be curtailed in economic downturns.

But shopaholics are so diagnosed because they do not exercise common sense at any time.

They are compelled to spend, baby, spend regardless of their economic ability to do so rationally.

They accumulate debt beyond their ability to pay in good times, bad times and all other times.

They are merchants best friends and worst enemies.

They move merchandise, but lack the ability to pay for it.

In one way or another, they become a burden on all of us.

And when they control the purse strings of the entire country, we all live under the heavy cloud of debt that will be depressing for our children, their children and for generations.

HillbillyBill of TN 7:19AM November 01, 2008

Alpha Consumer

Alpha Consumer

Kimberly Palmer, senior editor for U.S. News & World Report, is the author of Generation Earn: The Young Professional's Guide to Spending, Investing, and Giving Back. Send her your personal finance questions.


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