My Home About Me

Believe it or not, Christmas is only two weeks away. This leaves only 14 more shopping days until the big day, and the stress level of the general public (aka those of us that don’t have our Christmas shopping done yet) is reaching its annual high. With stores offering sales shoppers “can’t” refuse, malls being overcrowded this time of year, and individuals rushing to finish their shopping on time, it is certain that many people will fall victim to compulsive shopping.

Dictionary.com defines a compulsion as “a strong, usually irresistible impulse to perform an act, esp. one that is irrational or contrary to one&8217;s will.” In other words, people that ordinarily watch their money carefully, will make rushed decisions they may regret later. As the number of shopping days decreases not only will people be less likely to shop around for the best deals, but they will also pay for conveniences they ordinarily wouldn’t need, such as in-store wrapping and super-rush deliveries.

How can we avoid overspending due to compulsive shopping?

• Begin Christmas shopping early. Shop earlier in the season to avoid feeling rush and to steer clear of the crowded malls during the holiday season.
• Plan ahead! Before heading to the mall or making a purchase online, have an idea of what you’d like to get each person on your list. This will help narrow your focus so that you are not distracted by beautiful displays or flashy sales tactics.
• Put some thought into your holiday budget. If you have an idea of how much you’re planning to spend on each person, this will help you control the overall amount you spend this season, and also help you plan out the type of gift you may want to give your friends and family.
• Carefully select your plan of attack. Only choose stores that you can afford and that you know will offer you a good value.

Finally, remember that it’s the thought that counts. While it may sound like a cliché, the saying has survived so long because it is true. At Christmas and the rest of the year, it does not matter how much you spend on a gift. What people value most is the thought you put into it and your effort.

Investor Term of the Day: Comps
In retail, sales at stores which have been open for more than one year. This enables investors to determine what component of the overall sales growth was due to the opening of new stores, and to also track the profitability of individual branches. Same-store sales are also an important factor in deciding how a company should modify its retail strategy. 22Dollars.com - Financial Investment Commentary
22Dollars.com is your online source for advice on how to grow your personal wealth by managing your own money. Here you will find investment ideas, stock quotes, charts, business news, market research and a learning center for all things financial because in the end, no one cares more about your money than you.

Basic Materials sector   Technical chart patterns   support/resistance levels   ETFs (exchange traded funds)   Deron Wagner   iShares Hong Kong (EWH)   S&P 500 chart pattern   emini's S&P 500   earnings   economic data   Biotech HOLDR (BBH)   Emini's Nas 100   Short selling ETFs   exchange traded funds   sector rotation   etfs   corn futures   selling options   commodities   mcio