You may be one of the millions of Americans that overspend to give yourself a momentary emotional lift or escape from the stress you experience in your day to day life. If you have engaged in this impulsive spending habit, you have also discovered that the moment of happiness you received from buying that purchase impulsively has only increased your stress instead of relieving it.
Financial troubles are known to trigger or exacerbate mental health issues such as stress, anxiety, and depression. Financial problems can also be a symptom of many common mental health disorders. Los Angelos psychiatrist Deborah Nadel states that the manic or "high" phase of bipolar disorder, for example, is characterized by impulsive and often self-destructive behavior which can include big shopping sprees. Nadel also said that depression and overspending can be an issue as the individual tries to alleviate their distress with purchases. Feelings of hopelessness can make it difficult to plan for the future or to care whether the bills get paid. The symptoms of adult ADD can also make finances difficult. The impulsivity of purchases can result in a large credit card debt and unpaid bills.
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 all these questions and even researched the product so that you will receive the ultimate quality for your dollar then make the purchase. If you determine your finances are needing professional assistance seek the appropriate resources of consumer counseling for your debt and a mental health professional to help you with identifying and changing the self-destructive behavior.
Best wishes,
Gina
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