Suffering from Buyers Remorse

| December 15, 2013 | 2 Comments

woman with holiday stressIf you are like many of us at one point in your life you have made a purchase then regretted it. This is known as buyers remorse and no worries because you are not alone. We all watched the news and saw the people camping out or standing in line for days to get the big deals on Black Friday. According to an IBM report, black friday sales were up more than 23% over last year and cyber monday sales sales increased by 33%. The biggest increase was in the purchases for electronics meaning TV’s, computers and game consoles. A week few weeks have gone by and Buyer’s remorse is starting to set in! People are now starting to return those purchases in search of cash. It was noted that customers were asked why the product was being returned and 5% were for a product defect but 27% answered because of buyers remorse. Retailers were offering huge discounts and many fell victim to the best price but now that the credit card statements are arriving buyer’s remorse is setting in.

Buyer’s remorse is a feeling that often occurs after making a large purchase. At the time of the purchase you may be excited and even get a bit of an adrenaline rush once you have spent a large amount of money. Many times, people begin to regret the purchase and feel that they made the wrong decision. This is what we consider the definition of buyer’s remorse. So many of us are on a budget and are trying to do the best we can. Making an impulse purchase can mess it all up. It is difficult around the holidays because we try to make gift purchases based on what our loved ones would want and many times an unexpected deal gets our attention first. I often begin to second guess my purchases and start to think about the practical reasons for a purchase and how useful will the gift be and the remorse sets in. Many times we have bought things online and the quality is not what you expected and the remorse sets in. Or have you purchased something that turned out to be smaller than you expected?

Over spending on your holiday purchases is the single biggest cause for buyers remorse. This year to help curb some of the costs I went on the search for Coupon Codes online. On ShopaholicMommy we have coupons for you from the places that we like to shop to most and hope to pass some savings on to you for the holidays. Here are just a few of the coupon codes you will find on our site  TOMS CouponsZulily Coupon CodeKohls Coupon Code, Vistaprint Coupon Code and Crocs Coupon Code. We have also made a big push to buying from companies that give back to the community. Such as TOMS One for One program donating shoes to children in need and Crocs cares which also does the same.

Have you made any purchases this year that triggered buyers remorse? Are you second guessing some of your purchases this year? Or, maybe you are one of the 37 million people that have not even started their shopping yet! Happy Shopping!

Comments (2)

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  1. Jessie says:

    I can totally see where this can happen. We are on such a strict budget it normally doesn’t happen too bad for us but I did buy a $45 purse over the holidays and wondered “What the heck do I need this for?” and it got returned. Great post!

  2. Jen says:

    I get buyers remorse everytime I buy something for myself. Since I’ve been trying to spend less, anything and everything I buy makes me wonder if I REALLY need it.

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