When your spending is out of control, it can wear you down emotionally and put a strain on your relationships. Even if it doesn’t come directly from your debt, it could be out of shame for your actions, causing you to hide your secret addiction from the people you love. If you’re embarrassed about your spending habits, it may be a wake-up call that it’s time for a change. The people you love want to help and support you, and shutting them out is only going to create distance in your relationship. No matter what, it’s important to remember that the best things in life are things money can’t buy.
Read the entire article here: ‘I STILL lie to my parents about money’: Confessions of a 36-year-old shopaholic whose frivolous spending has left her $2,000 in debt
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.