Lending Club Blog

Catalog Shopping Concerns

The popularity of catalogs seems to have declined as more and more people shop online. Even with diminishing usefulness, catalogs still do exist and may lead to overspending. Understanding why this occurs, and limiting your encounters with such experiences, may help you to spend less.

Catalogs help to blur the line between wants and needs. How often have you realized how much you “need” something only after you learn of its existence? Exposing yourself to new products by thumbing through catalogs adds incentive to buy things that you really don’t need. In a recent episode of “How I Met Your Mother,” character Barney Stinson (Neil Patrick Harris) laments that whenever he gets upset he shops from the Sky Mall catalog to fill the void. Having looked at the catalog on many flights, I can imagine how people would be tempted to purchase the wonderful-looking products advertised.

The Internet has revolutionized the banking industry with peer-to-peer lending and has transformed the shopping industry as well. One of the nice aspects of shopping online is that unlike a catalog or brick and mortar business, which can entice you with items, shopping on the Internet limits such exposure. Sure, sites like Amazon.com may suggest related products or products bought by other customers that may have similar interests to you, but they typically only show you a handful of extra products. Browsing a catalog, or walking through a mall, will place hundreds of products before your eyes.

Bridging the gap between the real and virtual world is Google catalogs. There, you can browse catalogs on your computer without the negative environmental impacts of using an actual catalog.

Browsing catalogs is a useful way to get a gift idea for someone who may be difficult to shop for. In these instances, finding a product in your price range that fits the recipient’s likes, and was beyond your realm of awareness, may be a great way to shop. When looking for yourself, however, browsing catalogs more likely just gets you to buy stuff that you could easily live without. Avoiding exposure to the products in the first place may be a useful way to cut back on your impulse spending.

Friday, May 30th, 2008 at 9:13 am

Comments (0)

Recommended

Welcome Home

Lending Club named #5 on Forbes’ Most Promising Companies List

Get ready for tax season with Lending Club’s Tax Form Guide

New Adjusted Return Metric

See more
Lending Club Awards
  • Archives z

Recent Posts

Renaud Talks to Jim Cramer

A few months ago, Jim Cramer remarked that he… Read More »
April 15, 2015

Lending Club 2 – Back in the Race

We’re excited to see Renaud back at the helm!… Read More »
March 26, 2015

Lending Club Store’s Grand Opening

We were thrilled at the support we received from… Read More »
March 20, 2015

LendIt is just one month away!

Congratulations to the LendIt team, who rang the opening… Read More »
March 13, 2015

Nearing Retirement – How an IRA Can Help

An Individual Retirement Account (IRA) can help you prep… Read More »
February 25, 2015

How an Individual Retirement Account (IRA) can help you reduce your taxes

For many investors, January is… Read More »
January 23, 2015

We went public today!

Ringing the bell this morning at the New York… Read More »
December 11, 2014

New and Improved Statistics Page

We recently redesigned our Loan Statistics page to make… Read More »
November 13, 2014

Lending Club Honored with Economist Innovation Award

This month I was honored… Read More »
October 15, 2014

Welcome Vermont Investors!

Today, we’re thrilled to welcome residents of the state… Read More »
September 4, 2014

2014

We went public today!

Ringing the bell this morning at the New York… Read More »
December 11, 2014

New and Improved Statistics Page

We recently redesigned our Loan Statistics page to make… Read More »
November 13, 2014

Lending Club Honored with Economist Innovation Award

This month I was honored… Read More »
October 15, 2014

Welcome Vermont Investors!

Today, we’re thrilled to welcome residents of the state… Read More »
September 4, 2014

We filed to go public today

We filed a registration statement with the SEC today… Read More »
August 27, 2014

Our Billion Dollar Quarter

We’re excited to announce  that we’ve facilitated over $5… Read More »
July 8, 2014

Is Lending Club Available in My State?

Is Lending Club available in my state? That is… Read More »
July 7, 2014

Lending Club Joins Senator Cory Booker to Discuss Improving Access to Capital for Small Businesses

Read More »
June 20, 2014

Lending Club Named a CNBC Top 50 Disruptor for a Second Year

For the second year in… Read More »
June 17, 2014

PRIME is now Automated Investing

Lending Club is excited to announce that PRIME has… Read More »
May 14, 2014
View All w