Advising Compulsive Spenders

Fuller, Phillip; Semko, Elizabeth

doi:10.2139/ssrn.2998712

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Advising Compulsive Spenders

Fuller, Phillip and Elizabeth Semko. “Advising Compulsive Spenders.” In Proceedings of the 2000 annual conference of the Academy of Accounting and Finance held in Nashville.

6 Pages Posted: 17 Jul 2017

See all articles by Phillip Fuller

Financial planners are frequently asked to help prepare and implement investment and retirement plans. To implement most plans, clients are encouraged to manage their cash inflows so that they do not exceed cash outflows. At other times financial advisers are asked assistance in developing plans to reduce debt. Frequently, individuals incur unanticipated debt due to situations such as illness in the family, divorce, and unemployment. In these cases, with prudent money management, financial planners help to improve their clients’ solvency. Achieving financial goals and objectives requires some discipline. Regrettably, everyone is not able to control his/her impulse to buy.

Keywords: Compulsive spender, financial planning, additive spending

JEL Classification: G02, M50

Suggested Citation: Suggested Citation

Fuller, Phillip and Semko, Elizabeth, Advising Compulsive Spenders (July 7, 2017). Fuller, Phillip and Elizabeth Semko. “Advising Compulsive Spenders.” In Proceedings of the 2000 annual conference of the Academy of Accounting and Finance held in Nashville., Available at SSRN: https://ssrn.com/abstract=2998712 or http://dx.doi.org/10.2139/ssrn.2998712