The Domino Effect of Shopping for New Things
We all have experienced this. You walk into a store to purchase specific items and your goal is to shop for ONLY those items. At first, it looks like you’re sticking to your shopping list. But like a pack of dominoes, your plan begins to fall apart. You pick item after item and end up spending much more than you intended… Even though you just googled “how to save money”. 😏
A yellow top leads to a mustard scarf – because they match.
Or a brown shoe leads to a brown belt and tie – because colour-coding is your thing.
The Diderot Effect
This behaviour is called the Diderot Effect. It was made popular by James Clear in his book ‘Atomic habits’. He explained that“the Diderot Effect states that obtaining a new possession often creates a spiral consumption that leads to additional purchase.”
It was coined after Diderot, a man who after making some money, decided that he needed to upgrade his possessions. It started with him getting a befitting robe but he soon replaced item after item in his house to match his “new status”.
This is how buying more than you planned happens. It always begins with just one purchase that causes the chain reaction.
How it can negatively affect you
Shopping is obviously not a bad thing. It only becomes a problem when it is done subconsciously.
When you shop online or offline, you have to be very aware of what’s going on.
Allowing the Diderot Effect to dictate how you purchase items will lead to financial frustration. This is because you will always spend money meant for something else.
How to save money by conquering it
Start by focusing on the things that matter. You can learn how to save money when you differentiate between your needs and wants.
You might need new shoes because your old ones are bad. What you might not need is a new belt because you have others that are just fine!
In this article, James Clear shares tricks that are simple but very helpful. Here are a few you can incorporate right now.
Reduce Exposure – Instead of taking your card with you to the mall, withdraw the amount of money you need and keep your debit card away. This helps you eliminate the temptation to go on a shopping spree. Shopping with your card in hand can be sweet, but will eventually lead to tears when you get home.
Go one month without buying something new – You know the way there are #NoSodaMonthChallenge or #30DaySquatsChallenge, you can self-impose a #NoNewPurchaseChallenge. This is especially useful if you are one to always buy new items, whether they are essential or not.
On this challenge, you’re only allowed to purchase groceries and life essentials. When you’re tempted, just remember to say this out loud “Ope from Cowrywise” is cheering me on.
Benefits of conquering the Diderot Effect
- You can learn how to save money by simply being disciplined. Saving money goes beyond locking it in your Cowrywise account. You will often have some money to spare at the end of each month when you stick to your budget.
- You strengthen your wealth creation muscles. Many people have a skewed understanding of what wealth creation means. It is not about “blowing someday” but about cultivating the right money habits today. Whether you make N50,000 or N500,000,000, you can begin to create wealth. Read 7 Money Nuggets From “The Richest Man In Babylon”. The second nugget is very relevant to conquering the Diderot Effect.
- Finally, it will restrict you from hoarding. Hoarders collect, collect and collect even when it is not necessary. The sad part is that collecting is not free! For example, many people purchased heaps of toilet paper at the start of the Covid-19 lockdown. Was it necessary? Or did stocking up on food items lead to other purchases out of fear?
Shopping aisles are curated to entice you. That’s why we want you to be in charge of your money, not the other way round.
Now that you know what the Diderot Effect is. Has it ever affected you?
What did you purchase subconsciously and how did you come off it?
Share with us in the comments below.
The Diderot effect has definitely affected me but not with clothes, with skincare products and junk food.
Diderot effect has affected me with clothes, junk food and many more.
I will definitely take your advice by withdrawing the cash instead of taking card with me.
Stick to this plan and the Diderot effect will have nothing on you.
I am sure you’ll do better now. 😎
Diderot effect has affected me a lot of way that i end up working overtime just to cover up for the damage done and i hated it.
I am cheering you on and trust that there will be no more damages.
I go to stores with intensions of buying items worth 2,000 but most times I usually end up spending more than 20,000.
A friend who knows me well shared me this link and I’m great for i now know it’s and effect negatively affecting me and many others.
You have really good friends!
I am glad this has helped you.
I don’t think I really buy much but when it comes to food I just cant help myself I don’t really have to be hungry I just have to see it first to buy it and before the end of the month I would be wondering where all my money went to.
We wrote this to help!
Start with the tips shared here and on our blog and you’ll soon be clear on how to plan your finances.
We’re rooting for you.
It had affected me multiple times some years back.. I had changed though. I learned to be frugal by myself from a young age. It pays to be super Frugal and watch your money grow.
I needed to read this. I am a shopaholic, i dont just buy things, i buy them in doubles. Because im scared they’ll run out of it at the store.
Cowry wise strict plan has helped me to save, cause when the rainy days came. I could get from my emergency funds/ stash. I wish i found the app way back in life.
But it’s not too late for greatness
It’s not too late…👏🏽
Thanks for reading.
I will definitely put this nugget into use. I feel Ope got a peep into my financial life. Thanks for sharing. I will be back with positive feedback hopefully.
We’re rooting for you! 👏🏽
Thanks for reading.😊
I’m usually financially disciplined and once upon a time I could’ve sworn that I’d never be a victim of this but Ope, kai. The Diderot effect affected me with night wears and underthings. Silly right? But I kept seeing more gorgeous ones and just like that, I spent 10 times what I had intended to spend. #Premium tears.
It looks good to me thanks for helping me out with that