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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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sugsug sugsug 7 years
For financial infidelity you can have investigators run asset searches or surveillance to find out what's going on. Usually if you think there's something wrong - there really is! There's this website called http://www.pinow.com that is a directory of pre-screened investigators. I've used it before (because it's free!) and really liked the investigator I found on there.
baybug baybug 7 years
Paying cash helps reduce spending. I think it is a great idea!
g1amourpuss g1amourpuss 7 years
I only pay for things with cash. It makes me even more proud of what I buy for my family and myself. (I don't really care for credit, but it is needed in some cases.)
sundrops sundrops 7 years
Need this sooo bad. The last one runs amuck in my family - fortunately not with us, but other siblings. Where would one find a financial therapist?
GlowingMoon GlowingMoon 7 years
I agree with Ilanac13, too.
itsme3683 itsme3683 7 years
I totally agree with ilanac... but can I just say, is the term "Financial Incest" really weird? Could you maybe do a post that goes into more detail on that? Because I for one have never heard of it...
itsme3683 itsme3683 7 years
I totally agree with ilanac... but can I just say, is the term "Financial Incest" really weird? Could you maybe do a post that goes into more detail on that? Because I for one have never heard of it...
Brendelwoman Brendelwoman 7 years
I do this, too.
Brendelwoman Brendelwoman 7 years
I do this, too.
ilanac13 ilanac13 7 years
i have to say that it's something that people should really be aware of - their financial health and having some type of therapy for this isn't as outlandish as it may have once seemed. i think that people should treat spending and a lack of budgeting in the same way that they treat addictions since this is something that could hurt you in the long run in the same way that an addiction can.
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