Many people have thought that having a debit card instead of a credit card would keep them out of financial trouble, only to find themselves laden with overdraft fees and in trouble anyway.  To those people I would remind you that debit card credit debt still counts!

 

Unfortunately, when you're dealing with bipolar disorder, you're dealing with financial problems.  It just comes with the territory.  For one thing, bipolar disorder is a very expensive disorder – what with the cost of medications not covered by insurance, plus the cost of doctors, psychiatrists, and therapists… and you can find yourself in debt very quickly.

 

In addition, if you have a loved one who goes into manic episodes, you can find that they drain you financially as well.

 

Manic spending sprees are a characteristic of bipolar disorder, and if your loved one is prone to these, it can put quite a strain on your financial situation.

 

When a person is in a bipolar manic episode, they have a tendency to be very impulsive.  Spending sprees can be part of that behavior.

 

Even if you have taken away their credit cards, your loved one may not realize that debit card credit debt still counts, and can cause financial harm to you.

 

They may see their debit card as easy access money, and in a manic episode, they may see it as an easy way to pay for that impulsive purchase.

 

Many banks will allow the debit card purchase to take place and then charge you an overage charge on your account.  These charges can build up.  You may not even be aware of them, especially if your loved one is using the debit card behind your back.

 

This can bring added financial debt to your already building debt.

 

You may need to take away your loved one's debit card in order to prevent this type of thing from happening.  At the very least, you will need to sit down with them and explain that debit card credit debt still counts as far as financial debt goes.