Spending problem is serious both on national level & on personal level. People who have crazy spending sprees not only affect their lives, but also the lives of the people directly related to them or people who are not related to them at all. Every debt that is not paid is going to add burden on society.
You spend excessive amounts of time shopping or thinking about shopping. You find yourself concerned and others worried about your personal spending patterns. You try to control yourself, but find that you are repeatedly unsuccessful. These urges to buy seem to control you, and you end up buying things you do not need and never use. You have no intention of purchasing items but find yourself buying them on impulse, later regretting these purchases and returning them soon after.
These are just some of the symptoms of a damaging spending problem. If you experience guilt, depression, a sense of lack of control, or excessive happiness after making a purchase, you need to consider that you are suffering from a spending passion. If shopping is your outlet to release anxiety, sadness, or anger, you must recognize that you are entering risky patterns. People who suffer from bipolar disorder are likely to have spending problems. For this reason people affected by bipolar disorder should be watched by a family member or a partner, otherwise their spending sprees can go reckless. If you suspect that you or your family member suffers from bipolar disorder, you should consider having a bipolar test by a mental health professional. Therapy is likely to control manic episodes, thus this can save the person from potential debt crisis. After you’ve taken care of this part consider whether your credit card accounts are over your spending limits. Notice whether you pay the full balance on your statements or if you pay just the minimum because it is all you can afford. Using credit cards instead of cash for everyday needs, such as groceries, is going to hinder your ability to rid yourself of debt.
If you hide bills or purchases from others, borrow money to pay basic bills, and find yourself accumulating more debt on revolving charge accounts than you can afford each month, train yourself to come out of these patterns and save money each month. Avoid using cash advances to pay bills and the embarrassment of cutting up a credit card and being denied purchases and credit will trouble you significantly less.