Is Shopping an Addiction? A Recovery Coach and I Compare Notes on Money and Debt
A financial sobriety coach and I each answered one question about addiction and debt, separately. See what we found, and read both full answers.
A financial sobriety coach and I each answered one question about addiction and debt, separately. See what we found, and read both full answers.
Financial domination is real, and it’s the clearest example I know that debt is math wrapped in emotion. Here are the four stages — and the way out.
Financial domination can quietly empty your savings and retirement. Here’s the trap, the warning signs, and how to get free — without shame or judgment.
Your parent is $60K in debt and won’t stop spending. Here’s what I learned from founding a compulsive spending program — how to help without enabling, and where to draw the line.
Reselling on Poshmark started as decluttering. Now it is fueling debt. The founder of a spending recovery program explains the cycle and the way out.
Compulsive spending shares brain circuitry with substance addiction. Budgets won’t fix it. I founded the first inpatient program for this — here’s what the research says works.
Quick Answer: Budgets fail most people because spending is driven by brain chemistry, not math. Research published in the Journal of Economic Behavior & Organization found that people who set budgets for specific categories actually spent $30 MORE in those categories than people who didn’t budget at all. At Myvesta, the credit counseling organization I …
Quick Answer: Compulsive shopping, or oniomania, is a behavioral disorder where people develop problematic shopping habits that cause distress for themselves and their families. This condition goes beyond normal retail therapy and becomes an uncontrollable urge to purchase items, often leading to financial and emotional consequences. I think most of us are aware of the …