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Money Disorder

Definition: Money Disorder

Financial therapy is a relatively new area of psychology that is designed to treat money disorders. After squandering most of her fortune, Wynonna Judd sought out financial therapy and says of her experience, "If I can do it, anyone can. I’m in absolute financial recovery. I live by cash only, by cash budget. I’ll go into Target with a money envelope." According to the New York Times, money disorders treated in recent years have included the following conditions.

  • Overspending
  • Underspending (Depression mentality)
  • Serial borrowing
  • Financial infidelity
  • Workaholism
  • Financial incest (lording money over relatives to control them)
  • Financial enabling (for example, throwing large sums at adult children who then are not motivated to support themselves)


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