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Financial hoarding doesn’t sound like such a bad thing. What’s wrong with accumulating assets? But this good behavior can easily backfire when taken too far. When saving for its own sake becomes a goal, you or someone you know may turn to financial hoarding.

Like the accumulation of physical objects, financial accumulation can get out of control because all those different accounts and funds become too overwhelming to manage. Ignoring the situation only makes it worse and harder to get tangled up, but that’s exactly what people want to do. I have experienced this in my family.


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