To the outsider looking in, a shopping addiction is probably a strange and difficult thing to understand. People might wonder why they just don’t stop spending so much money if their debt is so bad. Unfortunately, a shopping addiction goes much deeper than just deciding to spend excessively. Addicts often have an underlying psychological issue that is soothed by shopping, accompanied by the idea that their purchases will make their life better. This mindset can be altered if the psychological struggle is addressed as well. For shopping addicts, there is always hope to get better and get back on track.
Read the entire article here: Why do shopping addicts keep spending their money?
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.