What Is Financial Hoarding and How to Fix It

On its face, financial hoarding doesn’t seem like such a bad thing. What’s wrong with accumulating assets? But this good behavior can easily become hoarding when taken too far. When accumulating for its own sake becomes the goal, you, or someone you know, might be crossing over into financial hoarding.

Like the hoarding of physical objects, financial hoarding can get out of control because all those different accounts and pools of money become too overwhelming to deal with. Ignoring the situation only makes it worse and more difficult to untangle, but that’s exactly what people want to do. I experienced this in my own family.

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