A one-time shopping spree is probably not a symptom of a behavioral addiction; neither is getting pleasure from using a helpful coupon to save money on a planned purchase. Saving can be a good habit too. It can help you to think about your consumption habits and you might find a way to repurpose an item you thought you no longer needed, thus saving you money and keeping still-useful items out of landfills. But sometimes these innocent behaviors can turn into compulsive disorders that eventually take over, seriously compromising personal life and finances. Hoarding and shopping addictions are real disorders that affect many people, so don’t be afraid to seek help if needed.
Read the full article here: Shopping Addictions and Hoarding ~ Extreme Spending and Saving
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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.