Addicted to Money?

There are many addictions in this world, many of them are destructive, serious issues which I am not qualified to talk about. However there is one addiction that impacts on all of us. We all want money, we all love using it in greater and greater amounts. We spend most of our time finding ways of getting it and many believe they can’t get by without it. That sounds like an addiction to me. The obvious signs of a money addiction are large uncontrolled debt and not being able to cover the basic needs of food, accommodation and power, but dealing with the mental aspects are much more difficult as they are unseen.

The area which most of our clients fall down in is self-discipline and controlling their spending inclinations. The term shopaholic has been coined for a world based on a society focussed on commercial buying and selling. Money however is not the root of all evil, the LOVE of money is.

There are a small number of people who are able to resolve their addictions by themselves but the vast majority of people need expert help to resolve them. That expert may be in the form of someone who has studied the issues around that particular addiction for years or someone who has successfully resolved their own addiction. Budget Advisers draw on years of study in the budget advice area and their experience of helping clients resolve money issues. Most people think anyone can give advice on money. My 5 year old granddaughter tells me how to spend my money all the time, but advice needs to be from a competent and trustworthy source, based on experience and wider, deeper knowledge, and unfortunately she doesn’t meet these criteria.

The steps to solving money issues are straight forward: admit you have a problem, seek support from others who have found solutions from the same issues and see a budget adviser. Mental strength and self-discipline are vital as seeking support of others without this leads only imperfect and partial resolutions. There isn’t a magic bullet or even a final solution, but abstinence from over spending will ensure any money addiction doesn’t gain momentum. Remember to try hard to stay positive and take each day as it comes.

Pakanui Tuhura (Manager – Rotorua Budget Advisory Service Inc)

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