Spendaholics
Take a look at the BBC 3 programme with presenter Benjamin Fry
We’re a nation of shopaholics and credit card junkies, living way beyond our means. It’s almost physical - we’re hooked.
So, if you're at debt's door, stick your credit card to the inside of the freezer wall (which will have to be defrosted if you need it) and get the lowdown on how to sort out your finances with Spendaholics.
Out-of-control shopaholics are put under the microscope to unravel the buried meanings behind their spiralling debt. Contributors receive a psychological make-over as their spending habits are recorded and tracked. Strict budgets are set and spending guidelines administered, offering the spendaholic a new spending life full of cheaper, more creative and ultimately more satisfying ways to spend their money.
The gain is not without pain - first they must experience 'cold turkey' for a week and live on less than they ever imagined possible. Will they snap under the pressure and slip further into the red or rise to the challenge and scrape into the black?
Each contributor is shown a way out, but are they ready and willing to take it?
Five common emotional spending triggers
- Dads: If you’ve got unresolved issues with your dad, watch out that you’re not 'punishing him by getting into debt.
- Low self worth: If you believe that you are worthless, you will probably feel most comfortable with nothing.
- The wounded body: Many women grow up deeply traumatised by other people’s reactions and comments about their bodies. They long for their inner-swan and shop to compensate, but getting the right 'look' never heals the scars of those insults.
- Expensive tastes: If you’re addicted to debt, it could be simply because you have expensive addictions; travel, eating out, drink and drugs. So, get into your issues to get out of debt.
- Loss: If you’ve suffered blows to your emotional security, you may be unable to bear financial security.
Extract from www.bbc.co.uk/bbcthree/programmes/spendaholics/
With thanks to Benjamin Fry
Written by Benjamin Fry.


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