What might be a primary characteristic of therapeutic spenders?

Prepare for the Fincert Certified Personal Financial Counselor (CPFC) Exam with flashcards and multiple-choice questions. Each question is complemented by hints and explanations. Get exam-ready today!

Therapeutic spenders often use shopping as a way to cope with or alleviate emotional distress. This behavior stems from a desire to address feelings of sadness, anxiety, or boredom, and they may find temporary relief or happiness through their purchases. This spending is not solely about fulfilling material needs or impressing others, but rather about seeking emotional comfort and attempting to solve internal struggles through the act of buying. This distinct motivation sets therapeutic spenders apart from other types of spenders who may focus on social status or practical concerns. Identifying this characteristic is crucial for personal financial counseling, as it addresses the underlying emotional issues that may impact financial decision-making.

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