Bipolar Spending

NOTE: I’m sorry I haven’t been able to keep up with reading everyone’s posts. I contracted food poisoning yesterday, and still have it today. I’ll do my best to read your posts, though, but if I don’t get to them, that’s why. Thanks for understanding!


human-hand-holding-credit-card
Photo on Visual Hunt

BIPOLAR SPENDING

If you have or know someone who has bipolar, there’s a good chance that you/they spend a lot of money on impulse buys and other things. You spend so much that all of your credit cards are maxed out, and you’re always broke.  You get behind on paying bills and rent/mortgage. And your home is filled with stuff  — just stuff — that has no real purpose or value because you bought them impulsively — they had a glimmer at the time that attracted you.

This happened to me. If I saw something I liked, I just had to have it, and would buy it, no matter the cost, as long as I could use one of my many credit cards. After a few years of this, the next thing I knew, my husband and I were facing bankruptcy. A sheriff showed up to our apartment to serve us papers that said we were being sued by the credit card companies. I was absolutely terrified to see a  man in uniform and a gun belt at my door, and although he was nice, the whole idea of a sheriff and papers blew me away. I realized I had to turn my financial life around.

Fortunately, we didn’t have to file for bankruptcy, but the lawyer helped set up payment plans with all of our credit card companies. It took years to do, but eventually, they were all paid off. Ever since then, we pay for everything in cash (debit card). We have one credit card that we use for online purchases, and pay it off every month. It’s good that the credit line isn’t large.

Aaaaannnnndddddd . . . I’m happy to announce that we will finally own our home that we’ve been renting for the past 7 years — we close on the condo next week!

Are you or anyone you know a Bipolar Spender?


Daily Prompt: Glimmer

18 thoughts on “Bipolar Spending

  1. Yes, I am a bipolar spender. I am such an impulse buyer. When I get even the littlest bit of money, I end up spending it on things I don’t need. It’s a struggle.

    Liked by 2 people

  2. It’s funny how when we were done chatting yesterday about this very subject, I received catalogs for clothes in the mail. I wanted to scream! I threw them all out so I wouldn’t get myself into a bind. I want to be able to visit my mother without debt hanging over my head. Great post!
    I do hope you feel better real soon, Barb! Take care of yourself. 🙂

    Liked by 3 people

  3. My worse one, was when I took my little boy up to London and spent the rent money on crap. My partner managed to return some of it, but that a few other times, landed us in a shit load of trouble that we are still trying to deal with.

    He now holds my debit card just incase

    Like

  4. OMG!!!! Congratulations!!! You are going to own your own place. This is huge!
    I am so sorry you are having to deal with yuckie sickness.
    I am a spender but I mointor myself closely. I do allot myself an allowence and allow myself a set amount to go shopping with about every other month. My daughter usually benefits from these mini sprees more than me but hell, I get to spend and that satisfy’s me.

    Liked by 1 person

  5. I am currently in a spending mode. I’ve gotten to the point where I can substitute “ethical” spending and the urge is satiated. Like today I went grocery shopping (I call this ethical spending). But I still had the urge. So I went to the thrift store (that makes it ok, right? because it is affordable spending…. the things we tell ourselves!) That didn’t quench the urge either. So I found things to distract myself. Namely posting about my issue on my blog today. Telling on myself helps put things in perspective sometimes. It sucks. But at least I have the ability to recognize when it is happening now and try to stop it.

    Liked by 1 person

  6. Only on towels!!! Isn’t that wild. Of all the things I could buy and I need SOO many things! I have clothes from 30 years ago. I need accessories for my scooter and wheelchair. But nope. I buy towels. TOWELS> ugh. I like to know i can throw them over somethign with a smell and then throw them away. It is so wasteful and I am so non wasteful. Like I will drag recycling bins down the driveway wtih a bungee cord and my wheelchair and yet…i binge buy towels!!!!! And then I feel better. I don’t know why but I press purchase and I feel better! Ok no one knows this but my family and now everyone does but what good is keeping a stupid secret. Why not share it right! You were brave enough to write about it!!!

    Liked by 1 person

    1. I can see how someone could concentrate their spending on one particular item *shoes*cough*. Well, that and purses were my items of choice. And of course we rationalize it to make ourselves feel better for buying that item. Thanks so much for sharing! 🌻

      Liked by 1 person

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