Sunday, April 12, 2009

Reconizing an addictive spending habit

Many things can become addictive, including the obvious drugs, alcoholism, gambling, pornography and other equally harming substances or activities. It is well documented, that unfortunately, spending is also addicting. The same types of brain activity and the rush of the incredibly satisfying neurotransmitters called serotonins that occurs when a person is addicted to drugs, occur to the person addicted to spending.

One of the hallmarks of an addictive behavior is denial. The first step, as in conquering all addictions is a detailed review of all of your spending habits. The question to ask is how is the spending affecting my finances? My work? My family and my personal life? Indiana University gives the following description of a shopping addict:
Shopoholics, when they are feeling "out of sorts, shop for a " pick-me-up." They go out and buy, to get a high, or get a "rush" just like a drug or alcohol addict. Shopping addiction tends to affect more women than men. They often buy things they do not need. Holiday seasons can trigger shopping binges among those who are not compulsive the rest of the year. Many shopping addicts go on binges all year long and may be compulsive about buying certain items, such as shoes, kitchen items or clothing; some will buy anything.
There is actually an organization for addicted shoppers called Debtors Anonymous. You can take their debt quiz to see if you have a problem. They describe their organization as follows:
"Debtors Anonymous is a fellowship of men and women who share their experience, strength and hope with each other that they may solve their common problem and help others to recover from compulsive debting. The only requirement for membership is a desire to stop incurring unsecured debt. There are no dues or fees for D.A. membership; we are self-supporting through our own contributions.

D.A.is not allied with any sect, denomination, politics, organization or institution; does not wish to engage in any controversy; neither endorses nor opposes any causes. Our primary purpose is to stop debting one day at a time and to help other compulsive debtors to stop incurring unsecured debt."

1 comment:

the guitarist from hell said...

I would post a comment to your blog, but I am out shopping.