Personal Finance
Is Retail Therapy a valid coping mechanism?
By Taby  •  August 17, 2021
To cheer ourselves up we often make purchases to treat ourselves or to distract ourselves from our negative thoughts. This is a form of retail therapy. To properly define it, retail therapy is the act of shopping in the hope to boost our mood and feel less distressed. So how does shopping actually lift up our mood and is this a healthy coping mechanism? Read more to find out! How does retail therapy work? Just imagine dressing up in the new top you have longed for, and looking hot in it! Or think about the premium sound quality you will get from the latest earbuds! Just these thoughts can make you feel happier because you are envisioning a better version of yourself or a better experience in the future. The process of shopping and browsing catalogues give us many opportunities to have such thoughts, making us think “My situation will only get better!”...
Read the full article
By Taby
Taby was started by Jun Yi and Ann Qi in Stockholm under the NUS Overseas colleges, an enterprise arm of the university. During our stint in Sweden, we observed an increasing trend of card and digital payments in Stockholm and across Europe. Further research led us to uncover the prevalence of this wave of payment methods in the U.S. and parts of Asia across different types of markets. Both of us quickly saw the opportunity of this application in the teens market and we decided to form a team consisting of 4 NUS students to make it a reality.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance