What is the word for excessive spending?

What is the word for excessive spending?

Imprudent or excessive expenditure or the waste of resources. wastefulness. extravagance. lavishness. prodigality.

What is another word for unnecessary spending?

prodigal
prodigal Add to list Share. Use the adjective prodigal to describe someone who spends too much money, or something very wasteful. Your prodigal spending on fancy coffee drinks might leave you with no money to buy lunch. Prodigal usually applies to the spending of money.

What is it called when you over spend?

Compulsive spending, sometimes called compulsive buying disorder or oniomania, is spending far beyond what is necessary. The defining characteristic of compulsive spending is that the spending feels irresistible.

What are synonyms for overspending?

extravagancy

  • excessiveness.
  • exorbitance.
  • extravagance.
  • extravagantness.
  • inordinateness.
  • lavishness.
  • overabundance.
  • overindulgence.

What is a compulsive spender?

Psychologist April Lane Benson defines a compulsive spender as someone who puts so much time and energy into buying things and thinking about buying things that it impairs his or her life in some significant way.

Is there a disorder for spending money?

Compulsive Buying Disorder is tightly associated with excessive or poorly managed urges related to the purchase of the items and spending of currency in any form; digital, mobile, credit or cash. Four phases have been identified in compulsive buying: anticipation, preparation, shopping, and spending.

How do you control compulsive spending?

Tips for Managing Compulsive Shopping

  1. Admit you have a problem.
  2. Ask for help from your doctor or a mental health professional.
  3. Join a self-help group like Shopaholics Anonymous.
  4. Get rid of your credit cards.
  5. Shop with a list and a friend.
  6. Avoid Internet shopping sites and TV shopping channels.

What’s the meaning of overspending?

transitive verb. 1 : to spend or use to excess : exhaust. 2 : to exceed in expenditure. intransitive verb. : to spend beyond one’s means.

What’s another word for luxury items?

What is another word for luxury items?

ego goods frills
luxury articles nonessentials