Is Retail Therapy Really Therapeutic?

February 1, 2023

You had a tough day at work, or you’re feeling stressed about something in your personal life, so you decide to treat yourself with new shoes or outfits or a nice dinner out. Relatable enough? We all know the feeling.

There’s a logic behind it 🧠

We often feel overwhelmed with our emotions when we sense helplessness and loss of control over important life events. This therapy gives us a sense of control over our decisions and hence, relaxes our minds & body.

According to a survey conducted in 2020, around 43% of Individuals have felt less stressed after buying from their go-to shopping destination.

But, retail therapy also has its limits 🔴

Once the end results change from feeling comfortable to regretting your spending decisions, the magic stops.

For instance, if you went on a shopping spree and later regret the purchases, the sense of control vanishes. You might end up with increased debt, items you don’t need, and stress over your inability to control buying urges.

So, how can you stop yourself from unnecessary, potentially regrettable purchases? 🛍️

💸 To start with, you can set aside a small chunk of your income as a shopping budget and stick to that limit every month.

🛒 Experiment with the 30-day rule. Add the products you like to the wishlist for a 30-day period. Revisit your wishlist after this period and analyze if you still need those products. If yes, go ahead and purchase the products. And, if you don’t feel the need, you will save a good amount of money.

🔫Understand the emotions that might trigger you to shop beyond your means and find alternative ways to reduce stress such as journaling, traveling, watching your favorite series, or counseling.

Why you should get a Hubble Spending Account for shopping?

Hubble Money is a unique spending account designed to give you 10X better returns than your savings account. You can deposit your spending money and watch it grow every day by 0.1%, i.e, 10% in 100 days. You can use your deposit & earnings to generate a virtual payment card and buy anything you want from our brand partners. With your money growing daily, you will want to save more, budget your expenses, and control impulse purchases.

We have partnered with 30+ top brands like Amazon, Myntra, Uber, Swiggy, Zomato, Flipkart,  and more to deliver the most rewarding spending experience to you.

We’re here to help you make the most of the spending money that is lying idle in your bank and have fun on the way.

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Komal Chawla

Growth Marketing Lead - Organic
Linkedin logo used as a link to linkedin page
A Writer by Chance. Finance Wizard. If not working, you can find me binge-watching F.R.I.E.N.D.S!

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