Break those bad money habits with financial rehab


Who knew that you could go to therapy to break bad money habits? Psychologists call the problem a "money disorder," and say it afflicts large numbers of consumers. And why should a money addiction be treated (or not treated) any differently than any other widely-accepted addiction? They say it shouldn't.

Like those with addictions to gambling, drugs, shopping, or other potentially destructive behaviors, people with serious financial problems may need professional help. Money problems don't just include those who overspend, borrow too much, lie about their finances to their spouse, or use money to enable the bad behavior of others. Underspending and hoarding money can be problems as well, and psychologists are helping consumers with all of these problems.