Better To Be Correct

Express how you truly feel with no concerns about being "politically correct."

Confessions of a Shopaholic

with 6 comments


Alright, let’s try to soften things up a bit with a new movie. My sister and I were having a bonding moment this past weekend and decided to go out and watch Confessions of a Shopaholic. I thought the movie would be too ditsy and cliché, but it actually happened to be very fun and a great metaphor to life. If you haven’t seen the movie yet, it is about a girl who is left with thousands of dollars of credit card bills due to the fact that she can’t control her shopping habits.

Although it is easy to laugh at her lack of self control and her over-the-top (cute) sense of fashion, it brings up a serious problem many of us face today. Part of the reason why people are being affected by this “economic crisis” is because of the lack of ability to distinguish wants and needs. People were going out and getting loans to buy new cars and new homes without calculating the future outcome of not being able to afford it. But it even goes with simple things in life, such as buying a $600 pair of Jimmy Choo shoes to impress others, which you’re probably going to wear once, if that. I mean, if you can afford it, by all means have fun spending. But sadly, a lot of people who go on those crazy shopping sprees charge everything on their cards, and end up having difficulties paying back.

My sister told me that she read a random review which said, “it is insensitive to the economic crisis we’re in.” That is actually what prompted me to write this blog, because the person obviously didn’t understand what the movie was about: it teaches people to prioritize their needs in life and how to overcome debt and bad habits.

One of my favorite and inspiring quotes from the movie was, “If the American economy can be billions in debt and still survive, so can you.” Another one was when the main male character gave the girl $23 while waiting in line for a hot dog because she was delaying the process. She said, “You just paid $23 for a hot dog,” in which he responded “You want your scarf, I want my hot dog. Cost and worth are two very different things.”

Has anyone else seen the movie? Did you like it?

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Written by Annie

March 9, 2009 at 5:50 pm

6 Responses

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  1. I didn’t expect to like this movie either, but it ended up being pretty interesting and reminds people of the more important things in life (friends, family, etc.)

    Anonymous

    March 10, 2009 at 12:32 am

  2. Yeah, this was one of those movies that at first seems too “like omg” type of movie, but you’re right it happened to have a good meaning to it.

    Anonymous

    March 10, 2009 at 12:38 am

  3. “Part of the reason why people are being affected by this “economic crisis” is because of the lack of ability to distinguish wants and needs. People were going out and getting loans to buy new cars and new homes without calculating the future outcome of not being able to afford it.”

    No, that is not the reason why people are struggling in this economy. It’s not because they couldn’t afford it when they bought it, it’s that they can’t afford it NOW.

    People went and took out loans NOT so they could get something they couldn’t afford at the time, but to help them try and SURVIVE after the payments on the things they bought when they COULD afford it SKYROCKETED.

    Just so we’re not labeling ALL the millions of people and families who are suffering today as “irresponsible” people who couldn’t “control their excessive spending habits.”

    Thanks.

    Anonymous

    March 10, 2009 at 1:00 am

  4. I didn’t say everyone did that, I said majority… read carefully. AND, it is like that. The banks started lending people on stated income, meaning that people didn’t have to show their proof of what their income was; therefore, people got themselves into bigger loans than they would be able to pay back. They did not do it with bad intentions; it was all done with good intentions. But bottom line is, people were not financially sophisticated enough to know the ramifications of what they were getting themselves into.

    You’re welcome. =)

    Annie

    March 10, 2009 at 1:12 am

  5. Anonymous I don’t like to be the bearer of criticism but actually that is what happened. Throughout the last 20 years the % of American debt has skyrocketed. The home equity loan and the loan to buy a car are now common place. Although they may seem affordable they are living beyond your means and while that may not be irresponsible it is not sustainable. Secondly, don’t be ignorant. The costs of payments did not skyrocket in isolation the whole point of economics is each fact is interlinked. Fixed rate loans don’t increase. Home repayments for example only went up as the value of their property did too and now people have defaulted home values have fallen not by some random chance but BECAUSE the demand for houses has fallen relative to the supply and this leads to a decrease in price and in value thus people have less money to pay back other debts. I get heartily fed up of ppl blaming the ‘economy’ as if it is some monolithic beast independent of causation. It is a reflection of the fact that Americans increasingly live in a credit culture where it is acceptable to live beyond your means. While this is no doubt good for enterprise it has its risks as we are now discovering.

    Anonymous

    March 10, 2009 at 5:53 am

  6. You took the words right out of my mouth anonymous, thanks =)

    Annie

    March 10, 2009 at 3:41 pm


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