There was a piece on the news today about how here in Vancouver we have something called a hoarding task force team. As the name implies, their job is to help hoarders get their lives back together. The reasons given was that hoarding so many things can ruins one life and personal health. As well, it can pose a safety hazard such as example which was used where in one case firefighters couldn’t save a person due to all the junk they had in the house.
What this got me thinking about was how many times even myself I say a big cause of financial stress is due to people buying and saving all this junk that they don’t really need. Since this is considered an illness for many, it made me wonder if sometimes when it comes to managing money it can be something more serious on why a person simply can’t be fiscally responsible, so to speak. In that case it’s like we are approaching it wrong in terms of giving financial advice when really it is something deeper than that.
Like in this case it’s not something a regular Joe financial adviser could fix. Maybe if you are stuck buying junk all the time for example it’s better to really think deep on what the real issue is. Example, if you buy things to simply impress people then it’s probably wise to think why. Err…this is starting to sound like some therapy session. Kind of shows that managing money isn’t always about the numbers and deals you can get but rather your mindset.