5 Signs That You Have Spending Issues

If you have spending issues, you may have an uphill battle when it comes to dealing with your debt or getting your budget under control. It is important to acknowledge these issues, and if they are serious enough, you will need to seek help for them. Overspending can be combined with not making enough money and can add up to you owing thousands in credit card debt. It is important to address the problem as soon as you recognize it, which will allow you to take control of your finances.

You Hide Your Purchases from Others

Woman carrying shopping bags in shopping mall
Dan Dalton / Getty Images

One of the biggest signs that you may have a real spending problem is that you are hiding your purchases from people. If you are married, it may be that you are hiding your purchases from your spouse. You should never do that. If you are single, you may be hiding them from your roommate (because you owe her money for your part of the electric bill), or your friends. You may also be hiding the purchases from your parents. This is a serious sign, and you need to take steps as quickly as you can to address the problem.

You Feel Better After You Have Gone Shopping

Some people get a high after shopping. It can be a real addiction. You may find yourself craving to go to the store after a bad day at work. You may count the time until you shop. If you are constantly thinking about the next deal you need to find, you may have a problem. You do not need to be spending money on expensive items for this sign to work for you.  You can have an overspending issue whether you are buying name brand items or store brand items. You also do not need to actually go into a store to feel this way, online shoppers often experience the same things. 

You Max Out Your Credit Cards

If you have multiple credit cards, and you are juggling between them, trying to make sure that they are not maxed out or you continue to max them back out after making a payment each month. If you keep spending, even when you are pushing up against your limits you may have a serious spending problem. However, this can also happen if you are having an income issue. Look at the things you are spending your money on each month. If you are buying luxury items then you are more likely to have a spending problem.

You Can't Keep Track of What You Have

If you have a hard time remembering what you already have, you may have a spending problem. You may be running out of space at home with a lot of extra boxes stored in every closet of your home. You may have an extra room devoted to just the items that you have purchased recently. This is a big sign that you may have an issue. If you can take an inventory and find that you have three toasters or five identical white shirts, you may begin to spot patterns and habits that need to be changed. 

You Are a Zombie Shopper

You may go into a store and begin walking around the store putting random items in your cart. It is not as much about what you are buying, as the fact that you are just buying something. If you have friends or family that are worried about this, they may be constantly trying to talk you out of shopping and spending money. You may feel like you have to buy something for everyone in your life. At Christmas time and at birthdays, you may be giving gifts that are a lot bigger than are expected for the situation. 

Get Help Now

If you have several of these signs, you should likely seek help. You can go to a counselor and work through the issues around your shopping or you can join a support group like Shopaholics Anonymous. Additionally, you may have other financial issues, like getting out of debt, that you need to address. Take the time start working on your problems today. More