Caroline Bologna is a senior reporter covering a variety of lifestyle topics at HuffPost. Based in New York, she is a New Orleans native and graduate of Brown University.
In the age of smartphones and online shopping , you can go on a major spending spree without even leaving your couch.
Slow shopping can also give you more time to save up money or rack up credit card points and cash back from buying the essentials, so that when it comes time to make that special purchase, you don’t even have to pay as much.
“By slow shopping, you’re less likely to let a passing feeling of happiness, boredom, or depression motivate you to spend money you’d be better off saving,” Courtney Alev, consumer financial advocate at“Thinking through your purchases thoroughly can be time-consuming, especially if you are an overthinker,” Sokunbi said. “You might miss out on sales or specials tied to limited time frames, which in turn may cause you to pay more when you finally decide on your purchase.
“I’m the world’s slowest shopper and was eyeing a bed for my daughter for about a year when I finally decided to make the purchase, and after much comparison shopping and budget consideration, I realized the item was out of stock,” Woroch explained. “I signed up for the in-stock alert and got a message about a month later that it was available in the size and color I was looking for.
She noted that overspending can be related to social pressure, FOMO, the temptation of status symbols like designer handbags, and even the rise of“Early memories of money often have an impact on current spending habits,” Howard said. “For example, if your family didn’t have the disposable income that you do now, you may overspend as an adult to compensate for what you missed out on as a child.
Personal Finance Online Shopping Spending Slow Shopping
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inside Cafe 417, a New Collaborative Space for Drinks, Snacks and ShoppingThe new Cafe 417 is home to four Calgary businesses offering ice cream, Vietnamese snacks, coffee or jewellery.
Read more »
Opinion: Food inflation is changing consumer habits—could it change votes?Shifting diets and budget shopping strategies the new norm as Canadians cope with high food prices
Read more »
Opinion: Food inflation is changing consumer habits—could it change votes?Shifting diets and budget shopping strategies the new norm as Canadians cope with high food prices
Read more »
Visa Adds New Way to Share Customer Shopping Data With RetailersVisa Inc. is rolling out new technology that will allow the payments giant to share more information about customers’ preferences based on their shopping history with retailers as it seeks to remain a top player in the competitive e-commerce space.
Read more »
Toronto shopping mall is getting a massive makeover with new shopsA mall in Toronto is set to get a huge makeover, including the addition of new stores and restaurants. While the Eaton Centre has certainly been th...
Read more »
Opinion: Food inflation is changing consumer habits—could it change votes?Shifting diets and budget shopping strategies the new norm as Canadians cope with high food prices
Read more »