1. AVERSA, JEANNINE. "Economy Downfall." Union February 25, 2011: 1. Print. 21 March 2011.
2. CNNnew. “Shopping Addiction”. 06 December 2006
http://www.cbsnews.com/video/watch/?id=2243927n&tag=related;photovideo 15 March 2011
3. E. Home Fellowship. “Compulsive Shopping Addiction”. 2001 http://www.way2hope.org/compulsive_shopping_addiction.htm
21 March 2011
4. "Economy Downfall." Google Images. Web. 21 Mar 2011.
https://lh4.googleusercontent.com/ayZkk3m6TwA/TYdMW0t5_BI/AAAAAAAAAB8/c4mVUuUCAb0/s1600/images.jpeg 21 March 2011
5. Hartney, Elizabeth. “Shopping Addiction”. 11 January 2011
07 March 2011 http://addictions.about.com/od/lesserknownaddictions/a/shoppingadd.htm
6. Msnbc.com. “Don’t let shopping obsession get the best of you”. 15 March 2011
http://today.msnbc.msn.com/id/27339442/ns/today-today_fashion_and_beauty/ 15 March 2011
7. Newsweek."Credit Card Usage." 28 March 2011
http://www.indexcreditcards.com/finance/creditcardstatistics/2010-report-on-credit-card-usage-facts-statistics.html. 28 March 2011
8. Student Loan Resources."How to Avoid Debt." 28 March 2011
http://www.student-loans-resource.com/images/optimized/past-due.jpg 28 March 2011
9. Visit this website to count the debt of the United States.
http://www.usdebtclock.org/
10. Warren, S. (2006). Why Some People Should Put These Credit Cards in the Microwave. Wall Street Journal, 1-16. 30 March 2011
11. Which. "Credit Cards Shredded." Photo. 30 March 2011.
http://www.which.co.uk/technology/archive/reviews/shredders/page/features-explained/
12. Wright, Judith. “Curb the Craving”. 25 October 2008 http://today.msnbc.msn.com/id/27339442/ns/today-today_fashion_and_beauty/
15 March 2011
13. "Young, almost broke, and attending college". Picture. Web. 2011. Sweetsoleil.tumblr.com 17 March 2011
Wednesday, April 6, 2011
Credit Card Applications
I think that I was successful, because I answered most of my questions that was mainly the ones that needed to be answered. I answered the ones that people asked the most, because I feel that the less important questions can be answered later on, rather than right now. I think that my sources are sources that people can trust what they read. I went to the websites that I knew would be able to find reliable information. I would not say that I have one website that I used the most, because I got information from every where to compare the information to see which one was the most reliable. The ones that were most trustworthy were news channels, newspapers, and organizations that were willing to help people get over their addiction. The ones that were most bias was news channels because, they have their own opinion on how they feel about credit cards and the economy.
Debt Due
The way I felt during my research was a bit frustrating. I felt this way because; I could not find anything on how people with bad credit were getting credit cards. It would always say the pros about how they helped their credit. Also, I felt this way because; I would wait until the last minute to get everything done. The easiest part was, getting the information and typing it in a paragraph. The hardest part was researching, and getting everything just the way I wanted it. The part I enjoyed most was, just having my own blog that was a topic dear to me. The part that I did not like was finding out that I have the potential of becoming a shop alcoholic. I think that if I could redo something, I would keep up with things as I go along, and not wait until the last minute, but then again that is when I do my best work!!
Tuesday, April 5, 2011
These are the words that I encounter the most, because everything that researched about shopping addiction brought up these words. Seeing these words every where showed me that having this problem can be very serious and can result in a lot of debt. Knowing that this can be really bad for my future, I have decided to lessen my spending habits.
Chopping up the Credit Cards
What I have found in my research is that being addicted to shopping can happen to any one. I have the potential of being a shopping alcoholic myself. I have found that people tend to listen to the voice inside their head rather than their gut. I feel that if people would go just one day with listening to their gut feeling; they would have a better day all around. The most important facts that I have learned are that Jimmy Carter was one of the main reasons that the economy is the way it is, simply because he let poor people get loans, that he knew they would not be able to pay back. It is surprising that people have the minimum of 8 credit cards with the minimum amount of $5,000 of debt on each card. I DO NOT UNDERSTAND how people are getting is number of credit cards, when the economy and their credit is SO BAD!!! Also, I found interesting is that people do not realized that they have a shopping problem until it is too late. I still have question about how people that want to stop, how are they going to stop? I feel that I have answered all of my questions and I feel that my blog is going really good. I hope that I can be able to add information to keep my blog updated.
Shop on the Finding Information
A big question that is asked a lot is, how do people with bad credit still get credit cards? Well, I have that answer. The history behind credit cards is that they first were present as far back as the 1800s. It was away that people could pay for goods and services though a credit. The first bank card was named "charg-it" by John Biggins, a banker in Brooklyn. (MasterCard) In 2009, a study was made and over 173 million people have a credit card. That number is still on the rise today. The average amount of cards per person is 8, with $5,000 in debt PER card. That is a lot of money. (Newsweekly) Credit cards are suppose to be a way for people with bad credit to help build their credit back up. Then, when the credit card companies saw that the bad credit citizens were not paying back their debt; they knew right then they lost that money. (Wall Street Journal)I think that when people with bad credit get credit cards, that is just showing that the credit card company is desperate.The reason I say this is because, if the credit card companies would be as "smart" as they say they are, they would gain money and not lose money. For example: they would accept more people with good credit to help average the weight of the credit card holders that have bad credit.
More Finding Information
If you look at the news, it says that we are in an economy downfall. Indeed we are, but who is causing this problem? The government, the credit card companies, or shop alcoholics? The answer is still unknown, but with the research that I have collected, I have found that it is all Jimmy Carter's fault. It is his fault because in 1977, he allowed poor people to buy houses they could not afford. Then in 1994, Bill Clinton came up with a way to give a cheaper loan.(Aversa, Jeannine) The research has shown that the government has cut spending by 2.4%, but the citizens have increased spending by 4.1%.(The Union)"When we make college more affordable, we make the American dream more achievable."-Bill Clinton. What Bill means by this is that, when the people with a shopping addiction realize that they have a problem, things will get cheaper. Things will get cheaper, because shop alcoholics will start paying their debt and the economy will finally fair up. (woopidoo.com)
Finding Information 1
How do people get addicted to shopping? It is a question that is asked a lot, but who has the answers? Well, according to way2hope.org it says that people that have low self-esteem and emptiness. When people have low self-esteem, it makes them want to shop more and more. It makes them think that they are buying clothes to make them "fit in". When people are empty, they "shop till' they drop" to make them feel full or to seem liked, because they are spending money. (Way2Hope Organization) The average amount of money a person spends in one shopping trip that is addicted to shopping is $5,000. (CBSNews)Spending this amount of money per shopping trip can get a person addicted to shopping very easily. Another cause of getting addicted to shopping is the ads on the TV, radio, etc...They get a voice inside their head saying "just buy it, it is okay."(Today.Msnbc)
Monday, April 4, 2011
Past Due
This picture relates to my topic, because people with credit card debt has past due payments. This picture shows pay due stamped on a bill. People that are addicited to shopping, wait until the last minuite or do not even pay the bill. When they do not pay the bill, this is when your credit starts to go bad.
Student Loan Resouces."How to Advoid Debt." 28 March 2011
http://www.student-loans-resource.com/images/optimized/past-due.jpg
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