But first what's a vice? The dictionary defines a vice as something immoral, but I think popular culture looks at it differently. A spending vice is something that you spend money on, even though you know you shouldn't. It's different from a real problem in that a vice probably won't run you into the ground and you can stop if you have to. So gambling and other addictions aren't included.
After some thought I did identify some current spending vices. But I though it might make for a more interesting experiment to ask people that I know what there vice is. I was surprised when some of the people that I asked shuttered at the my insinuation that they have a dirty little spending secret. Others were happy to oblige. Here's a sampling:
- The teacher who spends $100 a month on extra incentives for students.
- The frugal guy who can't resist funky shoes like Chuck Taylors, Vans or other fun kicks.
- Mom's who can't pass up cute clothes for their little ones who have drawers full.
- The wine buying couple.
- The grandmother that can't stop buying handbags.
- The girl with too many sunglasses.
- Coffee. "Love is a latte in the morning..."
- 1,000 Itunes songs and building.
- A bargain crazed shopper who can't pass up sales on essentials and ends up with hoards.
- Like midnight refrigerator raiders the late-night eBay shopper can't believe the junk she buys.
- Eating out is weakness for many.
- Snake oil beauty products grab dollars from those of us who are looking for a miracle.
- The accidental antique collector who goes to the dentist and comes home with a table.
- Coffee, again. "$100/month is waaaayyy too much to spend on coffee..."
- Knitting yarn junkies.
- The woman who loves sparkly things keeps buying gold jewelry.
- Normally frugal people who go on spending sprees only when the cash flow is low. Not too crazy, but a bit reckless.
- More coffee. Yep, we're caffeinated. "I have to buy 1-3 drinks most days..."
So come on fess up. What's your spending vice?
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