We can’t get by without it if we want to keep our lives going. The general consensus is that having more money is better. After all, you never know when you’ll be in need of a little more income. Is it possible into becoming addicted to money in an unhealthy way? Has anyone ever developed an money addiction symptoms?
The answer to that question is a resounding yes, according to my professional experience as a counselor. I’ve worked with more folks hooked to money than I can count over the years. What’s wrong with it, you ask yourselves as a reader? When it comes to addiction, aren’t there worse things out there?
The following is the information I have access to. Everything has the potential to be addicting. Even if money addiction is not the same as substance dependency (alcohol, for example), the repercussions are no less catastrophic.
What we’re dealing with here is a dependency on the process itself. When a person engages in obsessive actions despite the unpleasant consequences, that’s a $10.00 phrase.
An addiction to money, then, is something like this: Here’s a quick and dirty way to put it:
When a person’s health and relationships and other crucial aspects of life take a back seat to saving money, that person is addicted to it.
Signs You Have a Serious money addiction symptoms
How can you tell if you have a cash addiction? Here are five things to keep in mind. Take the time to learn the difference between a money addiction and a purchasing addiction.
The primary distinction is that those who are dependent on spending money do not have good self-control while making purchases. Because they think they’ll never have enough money, money junkies deliberately stockpile it.
It’s critical to look at all five of these symptoms as a whole rather than even one in isolation. This will allow you to better understand the situation.
The only thing on your mind is money.
Most of the time, those hooked to money spend their time thinking about money. As a result, people’s actions are frequently motivated by the desire to earn money.
People who have nightmares about money may find that their ideas become bothersome.
Spite of the fact that this isn’t always the case, many people with a money addiction symptoms participate in unsafe actions.
Individuals who engage in excessive gambling, stock market speculation, or commodity purchases may be at risk of developing a gambling addiction.
Although the individual may not be able to afford any prospective losses, they nonetheless engage in these activities anyways
The value of a person’s self-worth is linked to the amount of money
A person’s sense of self-worth is often linked to their bank account balance, according to those who suffer from a money addiction.
It is necessary for them to be isolated from the rest of the world in order to continue hoarding. Many of these actions are similar to those exhibited in OCD, which is characterized by ritualistic tendencies.
Won’t buy anything for themselves
In the worst cases, people who are addicted to money will not buy themselves things they can easily afford. This is more than just “being cheap.” It’s all about being afraid of not having sufficient.
If an addict would have to choose between buying a drug that keeps them alive and putting money away, they will find it hard to decide. Because of this, the person’s health will get much worse.
Constantly withdrawing and fixated
Isolation and despair are major indicators that a person is addicted to money. Addicts tend to withdraw from social interactions because doing so often necessitates the additional expense.
They may obsess over the acquisition of riches and worry about their financial resources while they are alone. This isolation might lead to a substantial and significant depression over time. The person’s social life is almost always lacking.
Even if you don’t need it, some individuals sleep with money in order to lift their spirits. That’s because they’re so enamored with the idea of cash handling.
Taking use of others’ expertise
with a dependency on monetary gain is feasible. “What does money mean for me?” should be the first question you ask yourself. This might serve as the foundation for a better relationship with money.
The obvious choice is to work with a therapist who has been trained in the treatment of processing addictions; search for a counselor who has now been trained in the treatment of behavioral disorders.
The Diagnostic and Statistical Manual of Mental Health Disorders (DSM) does not include money dependency as a disorder, but other addictive behaviors do.