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Hoarding – A Spender Gone Wild?
Updated: January 06, 2021 |
Taylor Kovar, CFP

Hoarding – A Spender Gone Wild? A Lesson in Hoarding and Addiction

We love having the opportunity to share our relationship-saving message with people from all over the globe. It’s such a treat to talk to so many people whose relationships have been saved or improved, and always fun to hear the wide variety of individual money stories. Just last week a woman came running up to us, breathless with excitement about the “revelation” she had about her sister.

She told us, “You know what? I get it. I finally get my older sister, because I think I know her Money Personality now. She’s a hoarder, so I’m sure she’s a Spender.”

We didn’t skip a beat before we assured her, “Wait. That’s not the case.”

The difference between addiction and spending habits

There are addictions that invTHEhoarderolve money.

Gambling is the first to come to mind, compulsive shopping and even addiction to savings go on the list too, but just because someone’s “addiction of choice” involves money doesn’t mean that their addiction is ANY indication as to their Money Personalities, hoarding included.

People who are addicted to Savings aren’t necessarily Savers and people who are addicted to Shopping aren’t necessarily Spenders.

We could speculate all day long, but we would not be successful at determining anyone’s Money Personalities based on his or her addiction. Again, if a person has an addiction that involves money, that addiction has nothing to do with a person’s Money Personalities.

Addictions are tough. They usually happen because of a deep-rooted need, fear, and unresolved inner turmoil. Money addictions will not give you any indications as to your loved one’s Money Personalities.

It is great to see the excitement people feel when they finally begin to understand their Money Personalities, and we understand the temptation to try and assess the Money Personalities of the people around you.

However, the only real, scientific way to determine both of your (and anyone else’s) Primary and Secondary Money Personalities is to take our FREE scientific & confidential online Money Personality Assessment!

What do you think about money and addictions? Please tell us your comments or stories at the end of this post…we want to hear them. We appreciate you!!

Taylor & Megan

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