How to stop overspending - 5 tips for compulsive buying disorder

So we all have those moments when we’re feeling down. Well guess what can make you

feel better almost immediately? Spending money. You got it! It turns out that for the most part, we all

like shopping – even when we’re buying things we don’t really need.

When we’re feeling depressed going to the mall on a spending spree can give you a feeling

of relief. It feels good – so much better than having to deal with all your problems. It’s kind of like a  drug but what can start out as an innocent habit of some “retail therapy” can lead to a shopping obsessing and even a full blown addiction. This addiction can give you major money problems

 financial stress from running up your credit cards and even relationship problems because we might try to hide our spending from others. At it’s worse we might even be tempted to steal money from our retirement accounts or even from family members to feed a shopping obsession. So how do you handle the urge to go shopping? In this video, I give 5 tips for how to stop spending money. Coming up!

Ask Yourself, why are you shopping? Sure, it does feel good, but why are you doing it? Are you trying  to fill an emotional need by shopping? Are you feeling lonely? Sad? Depressed? Angry? For many of us, that’s exactly happening. We’re trying to fill a void in our life. So why are you shopping?  Embrace Your Emotional Needs. So we’ve established that you are spending to fill an emotional need. So I want you to embrace your emotional needs. What are some better ways to fill that sense of emptiness in side, or to help you feel less alone or less stressed? How about talking to a friend, or journaling about your feelings, or even cuddling with someone you love. 

How about going for a jog, or just having a good cry? Work on finding other ways – better ways

to help you satisfy your emotional needs. Tip Number 3: Leave Your Credit cards at home. So when you DO go out shopping, take cash with you and leave your cards at home. Research shows we spend about 30% less when we use cash. It hurts slapping down those 20 dollar bills on stuff we don’t need.

By this I mean try to put some time between your impulse to buy and pulling the trigger. Hitting the mental pause button can really help a lot. Jot these questions down on “Notes” on your phone and read them before you hit the check-out counter: DO I really need this? Do I have room for this? What if I wait to buy this? How will I feel about this tomorrow? Take some time to answer these questions. It will really help you slow down and will stop your spending. Then if you decide you need it. Buy it tomorrow. Not today. This is a huge power tip. When your emotions fade, chances are you won’t buy it after all. Buy it tomorrow is a great psychological hack. Try it out for yourself. Tip Number 5: Are you stuck? . 

what we call a compulsive buying disorder. If left unchecked, this can have devastating consequences. But like other addictions, the great news is that it can be treated. So if you have difficulty controlling your spending and it’s causing you problems in your life, seek the help of a therapist or a support group such as Debtors Anonymous. I have links to some resources in the description below. Question for you: If you’re vulnerable to overspending, what’s one thing you can do differently

based on these 

. Write it down and put it into action this week.

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youtu.be/7aTBJJhwZlg