Why Budgets Suck — and What Actually Works Instead

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 …

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Compulsive Shopping: When It Helps and Hurts

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 …

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