Emotional Spending Is An Extreme Problem - 1250 Words

Every day millions of individuals struggle with the idea of maintaining and establishing their financial obligations. Many Americans simply fail at the necessary tasks needed to manage their monthly income. Let alone gather enough funds to secure a respectable financial future. In some cases people struggle to make ends meet due to dealing with issues associated with impulsive buying, wasteful spending and extreme overcompensation (Jinhee, Thomas Benoit, 2005). Financial matters such as these can lead to bankruptcy, repossession and most importantly a lack of financial promise (Jinhee, Thomas Benoit, 2005). Without future prosperity many Americans end up returning back to work, for minimal jobs or even working past the age intended. Therefore, it is important that people deal with the issues associated with emotional ties to spending because eventually these ties may lead to other areas. According to Maryam, Mohammad Sajad (2015), emotional spending is an extreme problem, which o ften leads to a host of other problems. Saving and retirement is also an area in which many people tend to deal with. It has been estimated that many Americans will return back to work to supplement their income after leaving the job that they have worked for several years. This is why retirement and saving income is such a viable concern for working adults. Group counseling is a great method to discuss ways towards managing a successful financial future (Xiao, Newman, Prochaska, Leon,Show MoreRelatedLoneliness Essay821 Words   |  4 Pageslonely want to make a connection with others, but due to their state of mind it is difficult to make friends. While spending time alone can offer a rich psychological experience, too much isolation can have a negative impact on one’s life. An unhealthy amount of solitude will lead to many illnesss and ravage one’s physical health. 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