Can saving too much become an 'unhealthy obsession'

suki1964

OP, you asked the same question on Christmas Day 2016

In fact looking at your posting history I would say you do have a problem about saving money and you do need to go get professional help because tbh, from reading your posts, I feel you are going to be posting the same question in another 4 years and house still has not been bought


You have been posting for years on wanting to buy, wanting to buy mum and dads home, wether to buy a house or flat, but the truth is, you are nearly 40, and still haven't made the leap. I don't think you ever will without seeking professional help

Sea_Shell

suki1964 wrote: »

OP, you asked the same question on Christmas Day 2016

In fact looking at your posting history I would say you do have a problem about saving money and you do need to go get professional help because tbh, from reading your posts, I feel you are going to be posting the same question in another 4 years and house still has not been bought


You have been posting for years on wanting to buy, wanting to buy mum and dads home, wether to buy a house or flat, but the truth is, you are nearly 40, and still haven't made the leap. I don't think you ever will without seeking professional help

Yes, that does throw a different light on things somewhat!!

Alistair31

suki1964 wrote: »

OP, you asked the same question on Christmas Day 2016

In fact looking at your posting history I would say you do have a problem about saving money and you do need to go get professional help because tbh, from reading your posts, I feel you are going to be posting the same question in another 4 years and house still has not been bought


You have been posting for years on wanting to buy, wanting to buy mum and dads home, wether to buy a house or flat, but the truth is, you are nearly 40, and still haven't made the leap. I don't think you ever will without seeking professional help

And he/she never returned to that thread. Maybe this one will be different...

Is posting this question, repeatedly, on Xmas day, a cry for help ?

atush

Buy a house, now. Then you wont be saving so much in future and it will be easy to spend as you will need to.

Nemodot

If you are in your 20s long term investment over 30 years you would expect that sum to be x8 or x16 over 40 years! So I would fund a pension first, and I don't mean an actual pensions scheme (but do use this as well) but an investment ISA or even a normal stock account. Nothing fancy, cheap trackers or investment trusts.

If you want a house you could carry on saving another 5 years for this, and see what Brexit has in store. It could be nasty.

Also think about putting some in a separate account labelled holiday and fun. Spend some on yourself!

Eco_Miser

Answering the title question: Yes.
If you go without essential food, or don't replace garments with more than the intended number of holes, or never go out because you're saving up, you're getting obsessive.
If you've reached your target, but continue to save instead of buying what you were saving for, you've become an obsessive saver.

If the money keeps piling up because it's coming in quicker than you can find things to spend it on, you may not be an obsessive saver, but then why would you feel guilt at spending a bit?

You've been posting about saving for a house deposit "within the next year or two" for five years now. It's time to buy the house.

melanzana

Does everyone check previous posting history here? Oh God I need to change my profile lol.

ivormonee

I think the question with the house purchase has to rest on: do you need it? how would it improve the quality of your life? If you are happy where you are, which in turn is a big contributory factor in your savings growing, then why would you want to move? Is it for the sake of it or simply because you might believe that owning a property just appears to be what's expected or the right thing to do? I raised the issue in post #8 and expanding on it here because somehow what's coming across is that there is something more fundamental going on than a decsion as to whether or not to make a purchase of property.

Eco_Miser

melanzana wrote: »

Does everyone check previous posting history here?

I don't usually, but in this case, in view of suki1964's post, I looked for myself.

Some people do check, it helps weed out the spammers, trolls and fantasists.

melanzana

Eco_Miser wrote: »

I don't usually, but in this case, in view of suki1964's post, I looked for myself.

Some people do check, it helps weed out the spammers, trolls and fantasists.

God help me so