The psychology of overspending

Learn about the three main money disorders and how to deal with them

Money doesn’t buy happiness, so why do we treat it like it does?

We’ve all done it. We buy something we think will make us happy. Sometimes it brings us a measure of happiness or satisfaction. Other times, the feeling we think we’re going to get falls flat, almost as soon as we bring the item home.

As humans, we have a complicated relationship with money. We need it to survive. And we can become unhappy if we don’t have enough of it to pay our bills. But it becomes a crutch when we use it to fill an emotional need or fix a problem.

Six out of 10 Americans admit that money is a significant source of stress in their lives. With the average American being $38,000 in debt, it’s no wonder that money is a major stress factor.

 

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