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These “money troubles” can contribute to your growing debt


The average American has $90,460 in debt.

Experts say much of this can be explained by what they call “money troubles.”

According to Brad Klontz, author of “Mind Over Money” and co-founder of the Institute of Financial Psychology, money disorders are an umbrella term for recurring, self-destructive problems people have with money.

Klontz finds that most disorders fall into three broad categories: money avoidance, money worship, and relationship money disorders. Each category can be broken down into more specific disorders, such as overspending, workaholism, and pathological gambling.

Watch this video to learn more and to see how you can improve your relationship with money.

Learn more about Investing in You:
How to retire with $2 million in savings
Here’s how not to make the most common money mistake of all

TO VERIFY: Top 10 metro areas where millennials earn the biggest paychecks via Grow with Acorns + CNBC.

Disclosure: NBCUniversal and Comcast Ventures are investors in tassels.

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