Work + Money

Wednesday, August 27, 2008

Do you buy too much stuff?

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Getty Images

My answer to this question would have been ‘probably yes’ before we took on our BIG life change and traded in an overpaid job for a new career as an entrepreneur.

I’ve always been pretty frugal. I grew up without money, I lived on welfare when my family immigrated to the US, and those experiences influenced me to always try to spend less, not buy things we don’t need, and to generally be conservative about money. But even with that foundation once my husband and I had a solid income we bought things we didn’t need. Nothing big or fancy, but a cute T-shirt here, a fun DVD there, an awesome new toy for our daughter — all of these add up to a bunch of stuff we don’t really need.

I am ridiculously organized — which annoys my husband to no end and to be honest, even me sometimes — so buying stuff we didn’t need didn’t result in us having too much stuff. We’d give things away, donate, throw them out. We’d rarely have piles of stuff we don’t use any more, but things were in pretty good rotation — I never bought expensive clothes for myself, but you can bet that when I saw a really cute new T-shirt, I bought it and put an older similar one in the donation pile.

We’ve become much more limited in our spending since my career change and as I’ve written about recently, it’s turned out that we don’t miss a bunch of the things I thought we might. But for the first time in our lives we live within 10 minutes of Target and Marshall’s and a bunch of other stores where we find endless opportunities to buy inexpensive things we don’t need. You know what I mean, right?

I’ve recently come across a few blog posts that have inspired me to be much more mindful about these wasteful puchases. Our very own Chris Jordan has started a new blog to chronicle her family’s year of no wasteful spending. (I just read her post about spending $800+ at Target in a month and now I really don’t want to check my statement.) Amy S. has written a great post about not shopping for a month, which she was inspired to do by Susan Wagner’s post over at Blogher.

What I take from this is the idea of being mindful about shopping — to buy things we truly need and do away with wasting money because we’re bored or stressed or need some retail therapy. But as I sit here and think about it, I wonder if there is another side to this argument. If you can afford to have a little retail therapy, is there anything wrong with that? Particularly for exhausted working moms, if a fun new T-shirt can cheer you up and reduce some anxiety, isn’t it worth it?

I hope to hear your thoughts and reactions to this, so please share in the comments. Have you tried to rein in your family’s unnecessary spending? Where do you find that you most often spend money on things you don’t really need? Have you ever not gone shopping for a whole month or longer period of time? Do you think a little retail therapy is actually a good thing at times?

Nataly Kogan is the co-founder and CEO of WorkItMom.com, an online community for working moms. For more career tips, to connect with working moms, share advice about balancing work and family, quick recipes, and growing your business, and to read working mom blogs, visit www.WorkItMom.com.

Check out Nataly's recent post on the Work It, Mom! Blog:

How our work affects our kids

I cover up my working mom guilt with cooking, what about you?

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Comments 1-10 of 14
  • eleganceamust's Avatar
    Posted by eleganceamust Mon May 19, 2008 6:44am PDT

    I buy way too many beauty products...I'm a product junkie...and then I can't find the receipts to return them often...my husband winds up using all my cast offs...like Vichy products (great idea...too rich for my skin)...etc.

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  • Chubb's Avatar
    Posted by Chubb Mon May 19, 2008 10:21am PDT

    I also spend way to much on beauty products. I am a bit of an addict. I get to the point I give the stuff to friends just to empty out the closets. I must have a couple grand of lotions and potions! I just love the variety!

    Report Abuse
  • mitchy b's Avatar
    Posted by mitchy b Mon May 19, 2008 8:11pm PDT

    i work near tjmax and ross and i end up always going up there to get clothes that i dont need, it pisses me off that i cant resist spending!

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  • Lulu's Avatar
    Posted by Lulu Tue May 20, 2008 7:53am PDT

    It's so easy and I think part of our culture in the U.S. to buy "things" we don't need - even in the grocery store.

    The terrible part is that you can do this while you are trying

    to save money and not overspend and end up with a bunch of

    clutter and nothing "good" that you would really enjoy and

    will last - say like a couch or oriental rug or pool, etc.

    I had a lot of disposable income until recently, I was a Realtor and made piles of money until BOOM! it stopped. What do I have to show

    for it? Minimal savings and few "goodies".

    Report Abuse
  • aalfalice's Avatar
    Posted by aalfalice Tue May 20, 2008 11:17am PDT

    I WAS WASTING SO MUCH MONEY BUYING 'STUFF'! IT WASN'T UNTIL I WANTED (ACTUALLY HAD TO SELL MY HOUSE BECAUSE I WAS BROKE) TO SELL, WHEN THE REALATOR ASKED ME IF I WAS A COLLECTOR OF JUNK! I REALIZED MY STUFF, I THOUGHT WAS GREAT, CUTE,SO AWESOME; WAS JUST JUNK TO OTHER PEOPLE. MY KIDS SAID THEY SURE DIDN'T WANT TO BE THE ONES TO MOVE ME! NOW I HAVE ALL THIS STUFF THAT ARE REALLY OF NO VALUE AND NO ONES WANTS BUT ME, AND I;M BROKE NOW. WISH I WOULD HAVE BEEN MORE CAREFUL WITH MY MONEY, WHEN I HAD SOME!

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  • aalfalice's Avatar
    Posted by aalfalice Tue May 20, 2008 11:26am PDT

    I CAN TELL YOU FROM EXPERIENCE! DON'T SPEND MONEY ONSTUFF YOU DON"T NEED. I AM BROKE NOW, HAVE NO MORE MONEY, BECAUSE I BROUGHT SO MUCH 'CUTE STUFF' NOW I HAVE A HOUSE FULL OF JUNK THAT I HAVE TO THROW OUT WHEN I MOVE. BECAUSE I CAN'T AFFORD TO LIVE HERE ANYMORE.

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  • Cutie's Avatar
    Posted by Cutie Tue May 20, 2008 11:31am PDT

    When you pick up the item or product,the first thing you have to ask yourself do i really need this?

    Ask yourself that and i'm i buying it because it's in style or on sale. Some times Sale items make up spend unnecessary money, where as you can save it for something better.

    This Buying things i don't need happen to me many times, i end up giving away these items. Because it cause a clutter in my home.

    Now as time goes by and for some people thing are really hard you should watch your spending.

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  • B. Barber, Therapist's Avatar
    Posted by B. Barber, Therapist Tue May 20, 2008 11:59am PDT

    Yes, yes, and yes. I try to be frugal, buying most stuff on sale or clearance, but who am I kidding? My closet and dresser drawers are jammed packed. I am trying to get over my clothing obsession, but I haven't found what gives for me, personally, yet. I hope that I'm doing better, chosing to buy things that are discounted versus retail value. I guess it will take a lot of baby steps for me to conquer this (if I truly ever do, or want to for that matter). Anyways...Just thought I'd rant on the issue...Take care.

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  • AC's Avatar
    Posted by AC Tue May 20, 2008 8:32pm PDT

    This ia really interesting article. I know that I personly shop too much. I would like to see what a month of not buying in excess would do for my savings account. On occasion I buy things to cheer myself up, but that can become a habit if you have disposable income.

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  • MrSuzuki's Avatar
    Posted by MrSuzuki Wed May 21, 2008 8:42am PDT

    Hello my name is ... and I'm a shopoholic. I too love shopping at Target. Don't get me started on Super Target. Makeup, Lotions, clothes, magazines you name it I went crazy. Then one day I was shopping with a friend and she said take a look at your bathroom. Do you really need 15 different lotions, 5 different body washes, etc? So I vowed to use up what I had and now I am down to my bare essentials and keep my makeup and bathing products to a bare minimum. I still shop but I ask myself do I really need it? Most likely the answer is no.

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Comments 1-10 of 14

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work+money byte

"Perspective is a tough thing to keep, especially when things get tough, but I try. I try to remember what it was like before I became a mom, when I was just a tough-cookie career woman. Coming home from difficult days at work I’d try to drown out the stress with a workout, some silly TV, going for a walk and grabbing some takeout with my husband. It helped, but nothing helps like a smile and a hug from my daughter, and knowing (however difficult it might be to remind myself of this after a punching-bag day) that everything is just fine as long as I can come home and be her mom."