UK News
‘Overconsumption isolates us’: how to start shopping less | Well actually
For years, I have been caught in a tiresome, expensive cycle: when I’m bored (or sad, or insecure) I scroll through my phone, looking for stuff to buy. In those moments, it feels like the right purchase will relieve me of ennui or unpleasantness. These shoes will make my life more glamorous! This face wash will make me feel forever beautiful!
Sometimes this rush lasts up to two days after I receive my item. But the excitement fades – sometimes as soon as I click “confirm purchase” – and I inevitably think: “Why did I do that?”
So how does one start shopping less? We asked experts and people who have pared down their own spending.
Why do we overconsume?
Struggling with some degree of impulse shopping is common in this day and age, says Alexa Brown, a musician with the Omaha Symphony who also runs the YouTube channel Conscious Consumerism.
“I really think society has been optimized to fuel consumerism at every turn,” she says.
Between insidious marketing that preys on our most vulnerable insecurities, data tracking that produces ultra-personalized ads, and online influencers hawking every product one can imagine, overconsumption is not just a norm, it’s an aspiration, Brown argues.
Shopping can be an effective way to distract ourselves from stress, anxiety and boredom, says Nicholas Garofola, a content creator who posts about minimalism and frugal living.
Spending is “exciting”, Garofola says. “There’s a tangible novelty to having something new.”
And sometimes we might not know what else to do.
“Many people don’t know how to function outside of consumption,” says Shelby Orme, a sustainability expert and content creator. Orme says adults in her family didn’t have hobbies, so shopping became a major activity. It becomes a hobby for a lot of people, she argues, so choosing not to participate in the consumerist hamster wheel “can feel isolating”.
What is the problem with overconsumption?
Firstly, it can get expensive. Consumer debt is rising in the UK and US. The average adult in the UK carries £1,425 ($1,900) in credit card debt; in the US, the number is a whopping $6,715 (£5,030).
Debt can take a toll on one’s physical and emotional health. Studies have shown that those with consumer debt who are in financial distress are more likely to report higher anxiety, lower life satisfaction, drug and alcohol abuse, as well as physical symptoms such as migraines and digestive tract problems.
Garofola says that in his own experience, owning a lot of things that he didn’t use felt “heavy”. He ultimately realized that shopping was an avoidance technique: “There’s probably some other problems that need to be addressed if I’m spending to feel happy.”
You also risk damaging your future and your family’s future, says Dr James Grubman, a psychologist and the owner of Family Wealth Consulting in Boston. Besides preventing you from building up financial safety and security, overspending can also hurt relationships, either as a result of acute stress or asking for money from those around you.
The harms also go beyond the individual. Brown points to the severe environmental impacts of producing and consuming so much.
“So many of the cheap, trendy goods, including clothing, are made from plastic,” she says. “It’s disheartening to face the truth that so much of this stuff ends up trashed, sometimes really quickly after it is purchased.”
High demand has also resulted in companies overproducing goods. For clothing alone, statistics show that between 10% and 40% of garments produced every year are not sold. Many of these castoffs end up in places including Ghana and India, where they do harm to the environment and to people’s health.
It can be helpful to keep these things in mind when you’re tempted to order a new throw pillow.
It’s not helpful to blame people for living according to what has been normalized by society. “This is not an exercise in morals or being holier-than-thou,” says Brown. “But it is productive to make every small effort toward less wasteful ways of buying and using stuff. We’re all in this together.”
More from How to start:
How do you shop less?
Terms such as “minimalism” and “conscious consumerism” may evoke images of a drab, ascetic life devoid of indulgence. But experts say that by not wasting your time, money and energy on stuff you don’t need, you’re more able to focus on what truly brings you joy.
Sleep on it. Many online platforms are designed to make shopping fast and easy; see something you like, and it can be yours with a few taps. But forcing yourself to pause – sleeping on it or asking ourselves a few questions first – can make us realize we might not really want that fancy lamp.
When you’re about to buy something, Garofola suggests taking a second to ask yourself why exactly you want to buy this thing, and what you think you will get from it. “I guarantee that will take you from ‘100%, I’m buying this’ to 50/50.”
Start small. A common mistake people make when trying to change their habits is taking on too much at once. Brown says that when she started rethinking her shopping habits, she tried to do a full “no-buy year” – a challenge several other YouTubers have undertaken.
Having unrealistic expectations can make it harder to get back on track when we slip up, which we probably will.
“A constant state of ‘low-buy’ is what I’m striving for, rather than a set period of ‘no-buy,’” Brown says.
If you do relapse, don’t despair. “That’s a normal and necessary part of changing a habit,” says Grubman. Each slip-up also contains valuable information: if you can begin to recognize your patterns and notice what leads you to spend mindlessly, it will be easier to disrupt those patterns in the future.
Keep what you love. Decluttering can be a helpful step when trying to shop less, because you can see how much of what you buy ends up going unused. But this doesn’t mean you need to get rid of everything you own.
“People should focus on what they love,” says Garofola. If you have a collection of mugs or books that brings you joy and you use it a lot, keep it. “Identify what brings you value, and then you’re not buying it for the wrong reasons.”
And don’t fall into the trap of spending money to downsize, he warns. You probably don’t need a new set of acrylic shelves to get organized. As you’re getting rid of things you don’t need, “let yourself be messy”, Garofola says.
Work toward something. “Gritting your teeth and saying ‘don’t spend’ just keeps the focus on spending,” says Grubman. Instead, figure out what you do want – is it to save a certain amount, or to teach your kids good money management? “Go toward a goal, not away from a habit,” Grubman says.
Get a hobby. Shopping can consume a great deal of one’s time, energy and finances, and can feel like its own form of entertainment at times. This is what makes it easy to trade one form of consumerism for another: you tell yourself you won’t buy so many clothes, and you start buying more homewares instead.
“That’s why I emphasize trading shopping for creativity,” says Orme.
If you start shopping less, a new activity can fill the void. Orme suggests “grandma hobbies” such as birding, sewing, mending and gardening. “We traded those pastimes for consumerism,” she says. “I think it’s time we take them back.”
Find community. “Overconsumption isolates us,” says Orme. “If you want to consume less, start by finding community.”
Orme says she joined a crafting group at her local library, and her partner sought out a regular pickup soccer group at a nearby park. Finding groups and activities that support what you really want for yourself allows for more confidence, self-expression and joy, and makes the shift away from shopping more fulfilling.
UK News
Japan hikes interest rates to highest since 1995 to fight inflation from Iran war; Thames Water rescue in doubt – business live | Business
Introduction: Japan hikes interest rates to highest since 1995
Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy.
The inflationary consequences of the US-Iran war continue to ripple across the global economy, even though the US and Iran have agreed a memorandum of understanding (MOU) to end their conflict.
With price pressures rising, the Bank of Japan has raised interest rates to a 31-year high today, becoming the second G7 bank – after the European Central Bank – to hike borrowing costs since the Iran war began.
Policymakers in Tokyo raised the BoJ’s short-term policy rate to 1% from 0.75%, taking borrowing costs to levels lase seen in 1995.
The BoJ said it was taking action because companies were passing on rising oil costs to each other at a “relatively fast pace.” That could lead to a rise in consumer prices across a wide range of items, it said.
It acted despite yesterday’s 4.75% drop in the oil price.
Encouragingly, the BoJ also said the risk of Japan’s economy deteriorating sharply from the Middle East conflict has diminished. It cited the government’s relief package to help households facing high fuel costs.
The agenda
-
9.45am BST: Treasury select committee hearing on the Office for Budget Responsibility
-
10am BST: ZEW economic sentiment index
-
1.30pm BST: US housing starts and business permits data
Key events
BoJ welcomes US-Iran peace memorandum
The Bank of Japan’s deputy governor, Shinichi Uchida, has welcomed the US-Iran peace deal.
Speaking at a press conference following today’s rate hike, Uchida said the deal was a “welcome move”, explaining:
“Compared with our previous meeting in April, the U.S. and Iran have signed a memorandum. That is a welcome move. Having said that, there is uncertainty on the pace of improvement in distribution (of oil).”
Uchida also pointed to inflationary risks, saying:
Compared with the previous meeting, the risk of a sharp deterioration in the economy has diminished. On the other hand, price rises are broadening, and there is a risk that underlying inflation may deviate from our target.”
“With underlying inflation approaching 2%, it’s important to ensure we achieve our target stably.”
Uchida is standing in for BoJ governor Kazuo Ueda, who was hospitalized last week for treatment of a liver cyst infection.
Investors may be relieved that the Bank of Japan didn’t hike interest rates more sharply today, explains Susannah Streeter, chief investment strategist at Wealth Club.
The Bank of Japan has raised its key interest rate to a 31-year high as a precaution, to try and stop energy costs being embedded more deeply across the economy.
The move – increasing the short-term policy rate to 1% from 0.75% – was widely expected, but it’s a step-change in monetary policy for Japan, given it pushes borrowing costs to levels not seen since 1995. There was some relief that the move wasn’t more hawkish, with even a 50-basis-point hike having been mooted.
That’s why investors responded with relief and stocks rallied even higher
Nikkei hits record closing high
The BoJ’s interest rate hike didn’t prevent Japan’s Nikkei share index from hitting a fresh record high.
The Nikkei soared through the 70,000-point mark for the first time ever, and has ended the day at a new closing high of 69,404.5 points.
Other Asia-Pacific markets have also continued to rise today, amid ongoing optimism over the US-Iran peace deal.
Thames Water rescue at risk as government opposes ‘weak’ deal
Thames Water has moved a step closer to nationalisation after government ministers reportedly formally objected to the £10bn rescue deal proposed by its creditors.
According to The Times this morning, environment secretary Emma Reynolds has written to water regulator Ofwat this week to raise concerns about the plan for the struggling, indebted utility giant.
They explain:
Reynolds is understood to be concerned that the creditors’ offer for Thames Water is “weak”, not least after “15 years of mismanagement and failure”.
Those who support placing Thames into special administration argue that this would give the company a fresh start by forcing existing investors to write off losses and allow the company to be sold without its existing debt pile.
Under the proposed rescue deal, Thames Water’s creditors would inject £3.35bn of fresh equity, and write off a third of their debt.
They are also seeking up to 15 years’ leniency from river pollution rules, arguing that this will make it easier to upgrade the trouble company’s water network.
Reynolds’s intervention comes just days after Manchester mayor Andy Burnham told the Guardian that Thames Water should be nationalised, just days before the Makerfield by-election which – should be win – could lead to a leadership challenge against Keir Starmer.
If the government were to approve the deal with creditors, then Thames Water – which currently has aroun £20bn of debt – would be part-controlled by the billionaire Trump donor and hedge funder Paul Singer.
Introduction: Japan hikes interest rates to highest since 1995
Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy.
The inflationary consequences of the US-Iran war continue to ripple across the global economy, even though the US and Iran have agreed a memorandum of understanding (MOU) to end their conflict.
With price pressures rising, the Bank of Japan has raised interest rates to a 31-year high today, becoming the second G7 bank – after the European Central Bank – to hike borrowing costs since the Iran war began.
Policymakers in Tokyo raised the BoJ’s short-term policy rate to 1% from 0.75%, taking borrowing costs to levels lase seen in 1995.
The BoJ said it was taking action because companies were passing on rising oil costs to each other at a “relatively fast pace.” That could lead to a rise in consumer prices across a wide range of items, it said.
It acted despite yesterday’s 4.75% drop in the oil price.
Encouragingly, the BoJ also said the risk of Japan’s economy deteriorating sharply from the Middle East conflict has diminished. It cited the government’s relief package to help households facing high fuel costs.
The agenda
-
9.45am BST: Treasury select committee hearing on the Office for Budget Responsibility
-
10am BST: ZEW economic sentiment index
-
1.30pm BST: US housing starts and business permits data
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Don't panic – sextortion scammers have no hold over you
Alan Irwin fell victim to an attempted sextortion scam after a man he met through a dating app threatened to send an intimate video of him to his friends and family.
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Infantino using private jet in attempt to watch two World Cup matches per day | World Cup 2026
Gianni Infantino is planning to attend two World Cup games each day where possible for the rest of the tournament despite the huge distances involved.
The Fifa president has access to a private jet provided by Qatar Airways as a value-in-kind element of its sponsorship deal with the world governing body, which will come in useful as Infantino journeys across the United States, Canada and Mexico.
After attending the opening game of the tournament in Mexico City last Thursday, Infantino immediately flew on to Guadalajara for South Korea’s victory against Czechia. The next day he was in Los Angeles for the USA’s 4-1 win against Paraguay, before taking in games in San Francisco and Vancouver on Saturday between Qatar and Switzerland and Australia and Turkey respectively.
Infantino did not attend a game on Sunday because he was in Miami to host a Fifa summit attended by representatives of their 211 member associations before returning to LA that evening to attend Iran’s first game of the tournament against New Zealand.
Fifa sources have confirmed that Infantino will attempt to attend two matches each day as often as possible despite the gruelling schedule. The 56-year-old was able to go to all 64 games at the 2022 World Cup in Qatar because the longest distance between stadiums was 46 miles.
The current World Cup finals tournament spans four time zones and three countries, with the 16 stadiums up to 2,800 miles apart.
Infantino will travel far further than anyone else involved in the tournament. Of the teams, Bosnia and Herzegovina face the most arduous schedule during the group stage, travelling 3,144 miles from Toronto to Los Angeles to Seattle, as well as returning between games to their training camp in Salt Lake City.
As a result of the huge distances the New Weather Institute has described this World Cup as “the most polluting event ever”, estimating that it will generate about 9 million tons of carbon dioxide equivalent. Air travel is responsible for about 7.7 million tons of that carbon estimate, more than four times that of the average for World Cups held from 2010 to 2022.
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