Are you a shopping addict? Go through this checklist to find out

The Bargain Hunters look for deals and buy things they don't need just because they're cheap.

The Bargain Hunters look for deals and buy things they don't need just because they're cheap.

What you need to know:

  • Start recording how much you spend on luxury items every month, including clothes and accessories, shoes and bags that are not necessary; electronics like tablets or laptops; makeup; salon treatments or beauty products (even if they are cheap); furniture, etc.
  • Find a healthy option that will replace your shopping addiction. For example, you can take up running or some other type of sport; join a book club; volunteer at the local library; try different hobbies like painting or cooking.

Shopping can be addictive. The beautiful designer bags in stores call out your name and convince you that you need them, not to mention the latest shoes and dresses. And before you know it, you've spent more than your paycheck can allow, which can have devastating consequences on your finances.

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