How I Realized and Overcame My Shopping Addiction

After her marriage ended, Cheryl Williams, who had never had a credit card before, was left with no job, no money, and one new credit card. The $5000 credit limit seemed like a good safety net, but before she knew it she had maxed it out and obtained new cards. She realized, “If I was sad or depressed or anxious about something, a shopping trip would make me feel better.” Acknowledging her problem, Williams sought out therapy and came to understand that the sexual abuse she had endured a a child was a contributing factor to her overspending.

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By Carrie Rattle

Carrie Rattle is a Principal at BehavioralCents.com, a website for women focused on mind and money behaviors. She has worked in the financial services industry for 20+ years and hopes to inspire women to better prepare themselves for financial independence. Read More