Impulsive Spending

Millions of Americans today overspend to give themselves a momentary emotional lift or escape from the stress they experience in their day to day life. If you have engaged in an impulsive purchase, you have also experienced that moment of happiness later turn into remorse and guilt.

"Activity Addiction"

Financial troubles are known to trigger or exacerbate mental health issues such as stress, anxiety and depression. The impulsivity of purchases often occurs with individuals who have suffered a traumatic loss and are searching for a way to fill the emptiness that they feel. Scientists identify this impulsive behavior as an “activity addiction” like gambling, eating or sexual disorders. These activities can affect the brain chemistry the same way that alcohol and drugs do to give you a brief “high” that alleviates the stress when overspending. This continued self-destructive behavior can result in a large credit card debt, unpaid bills and marital distress.

"Need or Want"

When you decide to make a purchase stop and ask yourself if this purchase is a “need or want”. If the purchase is a need then determine how the purchase will effect your budget or current lifestyle. After you have answered these questions, then research the product so that you will receive the ultimate quality for your dollar. This process will help you from making the decision impulsively and without regret.

When reviewing your finances you may determine a need for professional assistance to discuss your options. Consumer Credit Counseling has helped many individuals and families regain control of their finances. There is also Debtors Anonymous that has support group meetings or there are mental health professionals that specialize in Cognitive Behavioral Therapy (CBT) to help identify and change the self-destructive behavior patterns that have been identified. Seek the help that you need so that you can have the quality of life that you deserve.