Compulsive spending, sometimes called compulsive buying disorder or oniomania, is spending far beyond what is necessary. Though it often causes financial harm, people of means may engage in compulsive spending without suffering serious financial disaster.
How do you deal with a compulsive spender?
Here are other tips that can help:
- Admit you have a problem.
- Ask for help from your doctor or a mental health professional.
- Join a self-help group like Shopaholics Anonymous.
- Get rid of your credit cards.
- Shop with a list and a friend.
- Avoid Internet shopping sites and TV shopping channels.
What makes someone a compulsive shopper?
Most causes for compulsive shopping are psychological. Generally a person will be having emotions of loneliness, depression, feel out of control in a particular area, and seek to spend money in order to relieve the stress.
