Out of Control Spending - Understanding Finance and Money

American spending is out of control! Americananother?
consumers are more than $600 billion in credit-Do I live in constant chaos and worry about
card debt alone. We are a society that wantsmoney?
everything now, with no thought to how it we'llIf you answered yes to any of the questions
pay for it later. Many experts worry that theabove, it may be time to seek both financial and
ease in which Americans can obtain high levels ofemotional counseling. Therapy can help you sort
credit is turning into shopping addicts.out the feelings behind your need to buy love and
Spending money (even if we don't have it), isadmiration, while credit counseling can help you
mesmerizing. Whipping out the gold or platinumsort out your financial mess and get back on
card makes us feel important and powerful. Whentrack.
in reality overspending can cause you to lose yourHow can you get started on the road to financial
sense of balance, well being and rationalization.freedom? Start here:
So, how do you know if you've crossed the lineAcknowledging that you are addicted to shopping.
from over-indulging to compulsive shopping? WhenDenial is a strong incentive to keep shopping. Take
shopping is the only thing that makes you feela good look at your bills. Are they reasonable?
good, it may be time to go cold turkey. It's oneMake a list of everything you owe - no matter
thing to buy a new pair of shoes once in awhilehow big or small the amount. Now, look around
when you're feeling down, and another when youyour house. Are you really living the lifestyle of
have to hit the mall for a hit in order to getsomeone with so much debt? Most of us are
through the day. When every new purchasesurprised at how little substance accumulated
brings you a sudden rush of excitement andalong with this huge debt.
pleasure, making it necessary to indulge in justFind a credit counselor. Learn to spend more
one more item you don't need, your body hassensibly. Create a budget and stick t it.
turned the rush of serotonin from your brain'sPay smaller bills first. This will give you some level
neurotransmitters into an addictive chemicalof success, and the strength to keep going.
response to shopping.Find new ways to feel good. Exercise is known to
In short: when shopping gets you "high," it's timerelease the same levels of feel good chemicals
to stop. To see if your shopping sprees may beinto your body as shopping. Get high on exercise
more than just a day out, Debtor's Anonymousinstead.
suggests asking yourself these key questions:Get support. Talk with friends, family, or a good
-Do I shop to make myself feel better, happier,counselor. Join an over-spender's support group if
or more liked by those around me?necessary, just be sure to surround yourself with
-Do I often hide my purchases from my friendspeople who can understand your addiction, and
and family?support your recovery.
-Do I worry how I'll pay for my purchases, butLearn to be content. Do you like your car? Then,
buy them anyway?why buy a new one? Stop trying to impress
-Do I consistently spend more than I make?those around you with things. Learn to be happy
-Do I feel shame or guilt after a purchase?with what you already have.
-Am I using bill money to buy senseless items?Control your spending, find new ways to make
-Do I panic at the thought of living without myyourself content and happy, and someday you
credit cards?may open the mailbox to discover all of your
-Do I regularly use one credit card to pay offoutstanding debt has been aid in full.