Curb Your Spending with Pinterest

Yes, you’ve read it right and no, I have not lost my mind. I believe that you can curb your spending with Pinterest.

If you’ve been reading this blog for some time now, you know then that I am a shopper and a spender. Because of my shopping and spending habits, I stayed away from Pinterest as long as I could. I viewed it as a huge temptation, a Pandora’s box that once opened will drag me into a constant spending binge.

However, a few weeks ago, my own curiosity overpowered me, I succumbed to it, and signed up for Pinterest.

What is Pinterest?

Pinterest is a visual online pin board where you attach things, images, sayings and anything else that interests, amuses and entertains you. People share their own obsessions with each other. When you browse the web and see something interesting, you can share it on Pinterest with others.

Feeling voyeuristic? Then this social network, which is based on visual pleasures, might be for you.

You create your own boards, name them the way you like, and go searching for stuff to pin to your boards. Interested in cooking? Create a recipe board. Interested in crocheting? Create a crochet board. Interested in bikes? Create a bike board. You can create a board for anything you want. The possibilities are limitless.

Imagine your own online magazine that is dedicated to a certain purpose or interest.  I, for example, have a house decor, photography, art, and travel boards.

No Mindless Spending with Pinterest

If you know me, you wouldn’t be surprised to find out that I also have two fashion related boards. However, you might be surprised to find out that Pinterest has not compelled me to spend more or go on endless shopping trips.

If anything, Pinterest curbed my desire to spend mindlessly and without a purpose.

Browsing Pinterest and pinning stuff to my boards made me more deliberate and focused on my style. I noticed that I don’t pin everything and anything that comes my way. I look, choose and evaluate. I pin only those pieces of fashion, art, house decor and photography that I really like.

Gradually my spending is becoming more deliberate and focused as well. Instead of focusing on sales, and ways to save money, now I primarily focus on my style and my goals. Then I start planning what I really want to see in my wardrobe. So far I did not buy anything. I am still building my imaginary closet.

Pinterest as a Retail Therapy Substitution

When do you go shopping to malls? I go when I am tired, stressed, happy, overjoyed, depressed, angry and, in general, when I am bored and have free time on my hands. I can be shopping any day, any time. Very often I go to the mall when I am in a bad mood. Retail therapy anyone? I think most of us have done it.

Shopping does improve my mood temporarily. It makes me feel almost happy. Temporarily. Retail therapy never has a lasting affect on me, and when its short-lived the results fade away, I go through buyer’s remorse. It is a never-ending cycle.

Unexpectedly for me, Pinterest became a substitute for retail therapy. It gives me the same feeling of satisfaction from finding an interesting piece of fashion or jewelry as actual shopping. Instead of spending my paycheck, I pin an image to one of my boards for further consideration. It might not be as satisfying as the actual act of shopping, but at least I am not spending money.

If you are like me, an emotional and impulse shopper, try browsing Pinterest. You might be surprised what it does for you.

This post was featured in the following carnivals:

Carnival of Financial Planning at Financial Excellence
Festival of Frugality at See Debt Run
Totally Money Blog Carnival at Balance Junkie
Carnival of Financial Camaraderie at Young and Thrifty
Carnival of Retirement at Simple Finance Blog
Yakezie Carnival at One Cent At A Time
Carnival of MoneyPros at Financial Success for Young Adults

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29 Responses to “Curb Your Spending with Pinterest”

  1. There has been a lot of discussion around pinterest and it’s fostering of bad spending habits but I haven’t had any issue with it. I could see myself overspending on home decor in the future though because of all the pretty things on there!
    Daisy @ Add Vodka recently posted..How to Motivate Yourself to Be More ProductiveMy Profile

  2. I couldn’t figure out how to make Pinterest work. I’ll have to try again soon. I think this site would do very well with Pinterest. Do you get any traffic from there?
    retirebyforty recently posted..Tax Day RamblingMy Profile

  3. I definitely agree. I have spent a lot of clever t-shirts in the past, and just pinning the designs to Pinterest helps me to share those designs I enjoy without having to pay (although, it’s worth noting that this mindset arguably keeps money out of the hands of the creators of the work that I enjoy, which will probably make for less of the work I enjoy in the future … hmm, maybe I need to rethink my mindset).
    Bryan at Pinch that Penny! recently posted..Want to Save Money? Lower Your StandardsMy Profile

  4. MoneyCone says:

    Therapy through Pinterest? Now that’s a first!
    MoneyCone recently posted..In Pursuit Of The Most Rewarding Rewards CardMy Profile

  5. JAMES says:

    I absolutely love getting recipes off pinterest. It seems the best of the best dessert recipes are on pinterest.
    JAMES recently posted..Removing Sirefef.AC and Smart Fortress 2012 virusMy Profile

    • Aloysa says:

      I have a huge sweet tooth and for that reason I am staying away from desserts. I look at them, but I try to skim over them. They make me crave sweets and sugar. Not good!

  6. Michelle says:

    Pinterest does have some pretty great ideas for how to save that dollar as well, it’s true. I for one don’t even think about shopping unless I’m on sites like that, though…so I have to be careful. No drinking and pinning…lol
    Michelle recently posted..Pampering Your Baby Without Using PampersMy Profile

  7. Michelle says:

    I love Pinterest. Hopefully one day I can be as creative as others!

    Love your new header.
    Michelle recently posted..Having a Sibling Move InMy Profile

  8. I like Pinterest, although it does seem like some people only want to clean and eat “skinny” food.
    Frugal Portland recently posted..Hire Frugal PortlandMy Profile

    • Aloysa says:

      What? What do you see there? I see desserts all the time. No skinny foods. :) Maybe I am looking in the wrong place.

  9. I have intentionally stayed away from Pinterest because I tend to find social networking sites like that addictive. That said, I like your idea of thinking of it as a virtual shopping trip!
    Elizabeth @ Simple Finance recently posted..How does a Letter of Credit Differ from a Bank Guarantee?My Profile

  10. My wife is obsessed with Pinterest so it better not lead to bad spending habits :-)
    Sean @ One Smart Dollar recently posted..What is the Average Credit Score By State?My Profile

  11. [...] Aloysa at My Broken Coin reckons Pinterest could help you save money. [...]

  12. [...] Curb your spending Recently spotted on Charlie’s Horsey pinboard. “Oh Hermès. We can’t afford your $3275 Steeple bag with riding crop handle. We’ll just have to do with pinning it instead.” Those who have criticized Pinterest for encouraging greed and consumerism are missing the point. Beauty is God-given, and pointing out beauty in the world around us is an important part of being human. Aloysa has pointed out a couple weeks ago that Pinterest does not lead to mindless spending. Quite the reverse, it leads to more focussed and deliberate spending. In this interesting blog post, she explains why Pinterest is a good substitution for retail therapy. [...]

  13. Carnival of Financial Planning 05-04-2012 says:

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  19. Lena says:

    Interesting! I recently wrote about how addictive Pinterest was, but I hadn’t thought of it as a money-saving tool in this way. I totally see what you mean, though. I also think it helps me consider whether to purchase something that I could obviously make myself with the right tutorial…it’s prevented me from buying countless picture frames and organizational items because I can envision myself finding a perfect Pinterest tutorial to create a similar item from reclaimed or inexpensive materials. So, I suppose it saves me money in more than one way! ;)
    Lena recently posted..By: LenaMy Profile

  20. [...] impulses, I ask myself: how bad do I want this? Sometimes I need want it bad, and I spend money. I am a spender, after all. But sometimes I say “Nah, I don’t really need it,” and then I [...]

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