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Most often, a shopping addiction can be treated with behavioral therapy and individual counseling. The person with a shopping addiction must develop impulse control and also learn to identify triggers. In many cases, shopping addiction may stem from deeper emotional issues or mental health conditions.
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Much like other addictions, spending addictions can rear their heads at the most inopportune times….
Compulsive spending has many names: shopping addiction, oniomania, impulsive buying, shopaholism, and more. Although compulsive spending is not an official diagnosis, it resembles other addictions. People with oniomania often invest excessive time and resources to shop.
Continuing to spend even when you do not have the funds to do so, is another sign of having a spending problem. Being in denial about the amount of debt you have, or how much money you actually spend on things you do not need each month, are other signs. Take a good look at your budget and what you spend each month.
5 Ways to Stop Overspending on Impulse Buys
Among the factors that are significant for triggering impulsive buying behavior is availability of cash, mood of consumer, POS terminal/ATM facility, price, store layout, availability of time, product promotion, store environment and reference group.
Examples of impulse control disorders include oppositional defiant disorder, conduct disorder, intermittent explosive disorder, kleptomania, and pyromania.
Impulsivity is a core feature in bipolar disorder. Although mood symptoms exacerbate impulsivity, self-reports of impulsivity are elevated even during euthymia.
Emotional impulsivity (EI): Impulsivity is broadly defined in the DSM-V as actions that are poorly conceived, prematurely expressed, unnecessarily risky, and inappropriate to the situation.
From making hasty decisions to getting into fights, impulsivity can cause harm to yourself and those around you. In addition to undermining relationships and your overall sense of well-being, impulsive behaviors can also lead to financial and legal harm if left unchecked.