This story originally appeared on The Penny Hoarder.
You’re bored. You’re anxious. You’re about to go out of your mind.
Were you reading my last journal entry? No, it’s what many of us may experience amid the coronavirus pandemic.
If you’re thinking about spending some of your free hours to search for a cool shirt for your next conference call or maybe a little wall decor to dress up that drab corner you now call your home office, you’re engaging in what’s known as retail therapy.
That’s when you use shopping to cheer yourself up or stave off boredom. The euphoria of scoring a sweet deal on a purchase can be short-lived, though, when you open next month’s credit card bill.
Even before the pandemic, it’s not like we as Americans were great at holding back the plastic — credit card debt increased by $57 billion in 2019 to nearly a trillion dollars.
We’re here with some strategies for stopping the credit card creep so we can all emerge from this crisis with a little less debt.
There are healthy, helpful ways to spend the extra hours inside. Spending yourself into debt is not one of them.
Here’s how to avoid using retail therapy to get you through your quarantine.
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