The fashion industry which is already raking in billions continues with their superior trajectory of growth by tempting people to shop for the latest. If you are not careful, then such fast fashion may lead you to serious financial complications. For most people, men as well as women, fashion seems to be a harmless indulgence. But thinking deeper into the matter you will understand that such feel-good experience which refuses to be controlled leads to uncontrollable addiction and craving. You tend to forget the difference between need and want and being unable to resist yourself from getting allured by the latest lines ups in fashion and other accessories displayed by seductive models all across the media so extravagantly, lead to impulsive shopping disorder.
Availability Of Easy Money
The easy availability of money all over the world has made the fashion industry even more desperate to use extreme measures to create pressure and expectation on the customers to keep up with the latest trends. With the money which does not belong to you rightfully, you tend to emulate like the celebrities portrayed in the highly seductive campaigns. Your ever-elusive quest to look perfect leads to excessive buying of clothes and other fashion accessories. You even go out of the way only to discard them after a single use to buy the next thing on vogue. Credit cards and store cards have made things all the more available to you, and it is this ‘Buy now, pay later’ principle that is leading you to a debt trap.
Manage Your Credit Card
You need to take immediate action so that you can take control of the growing addiction in you which are creating a lot of financial problems. Controlling your credit card usage is one of the best things to start with. Take a note of all the balance outstanding on all the cards that you have and try to find out a card that is offering zero balance transfer. Stop using the other cards with immediate effect and transfer all the balance on that card. This zero interest period will be for a limited period, and you should take care of paying off as much as you can within that period. Visit here to know more about zero balance transfer.
Check Your Fashion Addiction
Keeping your fashion addiction in check is also one way to take control of the troubling financial condition. Time your visits to the fashion store, restrict it to a minimum of once in a month and always visit the store with a reliable and responsible friend along. You can keep a check on your shopping addiction by limiting your purchase power by leaving your credit card at home and carry cash only. Shopping according to a pre-planned list is also a good remedial measure.
Consider The Suitability
You should consider whether you are suitable for such seasonal fashion addiction and whether it is worth spending so much on fashion for single use. Find some cheaper substitutes instead if you want to stay trendy and on the fashion curve. Remember, it is the financial freedom which is your ultimate goal.