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With shopping and spending being a normal part of everyday life, those who take spending to the extreme have many opportunities to overlook a habit gone out of control. While it may seem unlikely, spending addiction, also known as compulsive shopping disorder, can destroy a person’s life in much the same way as a drug or alcohol addiction.
An estimated 5.8 percent of American consumers struggle with a spending addiction, according to World Psychiatry. Not surprisingly, spending addiction problems can have a ripple effect throughout a person’s daily life. This problem can also severely compromise the spender’s emotional and psychological well-being.
More oftentimes than not, a spending addiction will evolve into a lifestyle of its own leaving any number of negative consequences in its wake.
Any habit, activity or indulgence that creates disorder in one’s life can be classified as an addiction. This is especially the case when a person continues to engage in damaging behaviors in the face of negative consequences.
According to the U.S. National Library of Medicine, criteria for spending addiction closely resemble those associated with drug and alcohol addictions –
- A preoccupation or obsession (with spending or shopping)
- Organizing one’s daily schedule around spending
- Experiencing withdrawal (when unable to indulge in spending)
- Experiencing a “high” (when spending)
In effect, the act of spending becomes a compulsion that drives a person’s overall outlook and motivations.
Spending Effects on Emotional Well-Being
Like any other type of compulsive behavior, a spending addiction inevitably ties in with a person’s emotional well-being. In actuality, spenders go through emotional phases with each phase occurring at a certain point within the “act of spending” –
- Phase One – experiencing anticipation, tension and/or anxiety before spending
- Phase Two – determination, drive and focus goes into planning for a spending spree
- Phase Three – experiencing exhilaration (the “high”) when spending or buying an item
- Phase Four – feelings let down, disappointed or even guilty over one’s spending behavior
Spending Effects on Psychological Well-Being
The emotions experienced from spending addiction have a direct effect on chemical processes in the brain. For spending addicts, the act of shopping triggers the release of certain “feel-good” neurotransmitter chemicals.
With each successive shopping episode, these chemical interactions reinforce the emotions and behaviors associated with spending. The effects of spending on a person’s psychological well-being may take the form of –
- Depression symptoms
- Anxiety episodes
- Fluctuation in energy levels
- Problems sleeping
- Random physical ailments, such as headaches, stomach aches, back aches
After a while, the “need” to spend takes on a life of its own that overpowers a person’s reasoning and decision-making. At this point, addiction has taken hold.
More than anything else, signs of spending addiction become apparent within a person’s daily routines and overall quality of life. As the need to spend grows, other important areas of life start to fall by the wayside as more time and energy goes into the act of planning to spend and spending.
Lifestyle effects may take the form of –
- Relationship problems
- Money problems
- Decline in work performance or getting fired
- Lying to cover up one’s activities
- Stealing money
- Legal problems
Ultimately, a spending addiction gets “realer and realer” the longer a person continues to engage in compulsive shopping behaviors.