Friends With Money #68: The dangers of retail therapy

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Australians have well and truly indulged in their fair share of online shopping over the pandemic period, but what draws us to spend and why does it make us feel good?

On this week's episode of Friends With Money, Money's Tom Watson is joined by financial therapist Jane Monica-Jones to discuss all things retail therapy. They explore:

  • How long has retail therapy been around?
  • What makes us want to indulge in it?
  • Do you get a bigger rush if you spend more?
  • Where is the line between spending as a necessity, and it becoming an addiction?
  • What can people do to combat compulsive sending?

friends with money podcast retail therapy

If you're struggling with debt, call the National Debt Helpline on 1800 007 007 to speak to a financial counsellor for free.

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Tom Watson is a senior journalist at Money magazine, and one of the hosts of the Friends With Money podcast. He's previously worked as a journalist covering everything from property and consumer banking to financial technology. Tom has a Bachelor of Communication (Journalism) from the University of Technology, Sydney.