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

Types of Loans 101

Growing Your Business By Using Capital

9 Reasons to Open an IRA

6 Reasons to Get a Personal Loan

See more
Lending Club Awards
  • Archives z

Recent Posts

Patrick Dunne: A Message to Investors

I wanted to take a moment to introduce myself… Read More »
September 29, 2016

Line of Credit vs. Loan

Lines of credit (LOCs) and small business term loans… Read More »
September 28, 2016

Types of Loans 101

There are many types of loans out there and… Read More »
September 16, 2016

Meet Patrick Dunne — Lending Club’s Chief Capital Officer

Patrick Dunne, Chief Capital Officer,… Read More »
September 8, 2016

Growing Your Business By Using Capital

Smart small business owners don’t wait to consider borrowing… Read More »
August 19, 2016

9 Reasons to Open an IRA

Retirement: a word that often comes with many connotations.… Read More »
August 5, 2016

6 Reasons to Get a Personal Loan

While it would be great if we all had enough… Read More »
July 29, 2016

Lending Club and the Marketplace Model

Some of our investors have observed the funding environment… Read More »
July 28, 2016

A Recap: Credit Strength on the Lending Club Platform

We are proud of our… Read More »
July 14, 2016

A Message to Investors from our President and Acting CEO

Today, our President and acting… Read More »
May 19, 2016

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