Shopping is an activity that almost everyone enjoys in some way. Nonetheless, it can be an addiction if it becomes a compulsive behavior that causes problems with family, work, and finances.
Oniomania, compulsive shopping, compulsive buying behavior, compulsive buying, compulsive consumption, and pathological buying are all names for shopping addiction.
Meanwhile, the term “shopaholic,” which is the flashier term for shopping addiction popularized by the novel-turned-film Confessions of a Shopaholic, has now been rebranded as “retail therapy.” This is amid the pandemic, which has prompted many Filipinos to shop online as a way to cope with the constant lockdowns and uncertainty created by the COVID-19 situation.
According to Facebook's Emerging Trends Research, 93% of Filipino respondents are willing to pay more for convenience and to save time. In another survey by Rakuten Insight, 41% of Filipinos said they made more online purchases during the first months of the pandemic, while only 21% shopped less.
Many Filipinos are already struggling to save, so controlling one’s online shopping habits can be one way to help Filipino consumers manage their finances more effectively.
Here are eight ways you can try today to have a healthier relationship with online shopping.