This Is Why You're Overspending

Illustrated by Abbie Winters.
By Nancy Mann Jackson

According to a study published in the American Journal of Psychiatry, up to 16% of Americans suffer from shopping addiction, a compulsive habit of buying with significant adverse consequences. While shopping may not be a serious problem for most people, some of us still make mistakes that throw money down the drain.

Whether you’re buying groceries, household items, or shoes, chances are you’re overspending, thanks to a combination of psychological and sales tactics. Here are five of the most common shopping mistakes — and how to stop making them.