Can you have a spending addiction

Shopping or spending money to relieve emotional distress.This addiction is linked to low self esteem as well as other issues that may have developed as a result of this remaining unchecked, or from events of the past.An estimated 5.8 percent of american consumers struggle with a spending addiction, according to world psychiatry.If you can find a similar joy from another activity, like going to the gym or listening to music, you will be less tempted to spend money.If you are addicted to spending money, and are finding that it is affecting your finances, relationships, health and quality of life, this is just as serious as any other addiction.You constantly break your household budget each month, you vow to keep your spending within the budget you've set for your.

Indulging yourself in shopping helps numb those troubling feelings—for a while.In most cases, the symptoms you experience due to your shopping addiction will be emotional in nature.Hello, my name is ann carver, and i'm here to speak to you about my spending addiction that spiraled out of control in my late 20s.Second, she can change the way that she relates to money.Using credit cards to spend over budgets and feeling lost without them.With access to the right therapeutic treatment you can work to identify the psychological reasons for your addiction, address your triggers for spending money and break your reliance on doing so as a way to cope.

We are here for those who want a full recovery from a spending addiction —but despite their best efforts, have yet to find a full recovery from a spending addiction.