Behavioral Finance

Question 1

What are definitions of following money disorders or conflicts
Hoarding
Financial Infidelity
Compulsive Buying Disorder
Financial Enabling

Answer 1

Hoarding is characterized by accumulating possessions that most people would consider worthless and creates clutter that negatively impacts living and working spaces.

financial infidelity is reflected by hiding purchases and receipts.

compulsive buying disorder is reflected by the need to shop that is often triggered by negative feelings or events in one’s life.

financial enabling is displayed by the sister relying on Monet to pay her expenses and Monet agreeing because she does not want to shop alone.