Any Downsides to Retail Therapy?
Despite the fact that impulsive purchases sound like a bad financial decision, it seems like when people are buying things to cheer themselves up, they are not usually overspending.
One study showed that those spending money to help themselves feel better spend less than those spending money to celebrate something.
Furthermore, it’s possible that we’re not feeling buyer’s remorse, as we feel like we deserve a treat, like we earned it, not like we are mindlessly spending money.
32
127 reads
CURATED FROM
IDEAS CURATED BY
🔥 Building @deepstash 🧬 Interested in tech, science, philosophy, marketing, business, health. Lifelong learner.
The idea is part of this collection:
Learn more about communication with this collection
How to establish a positive team culture
How to collaborate effectively
How to build trust with a new team
Related collections
Similar ideas to Any Downsides to Retail Therapy?
When you should use cash
- When you have an emergency: Cash is accepted everywhere, so have some on hand. Dave Ramsey recommends having at least $1,000 in an emergency fund.
- When you want to limit your spending: Psychologically, we spend less money when we use cash as you ca...
Extreme altruists are not unattractive due to moral goodness
There are many people who have negative reactions towards extreme altruists - these are the people who donate organs to strangers and those who otherwise help others at a very significant cost to themselves.
However, we find extreme altruists unattractive because we feel like we may not be...
1. Learn to ask why (over and over)
We start out with the hardest question on the planet for most people to answer: "Why? "
- Why do you want that job?
- Why are you so interested ...
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Personalized microlearning
—
100+ Learning Journeys
—
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates