MPR News with Angela Davis

How to keep retail therapy from ruining your budget

angela davis, chris farrell and shannon doyle
MPR News host Angela Davis (left) talks with Chris Farrell (center) and Shannon Doyle in an MPR News studio in the Kling Public Media Center in St. Paul on Monday.
Gretchen Brown | MPR News

Maybe this sounds familiar to you: You’re sitting at home after a particularly bad day, trying to watch an episode of True Detective. You open up the Amazon app on your phone.

Before you know it, you’ve racked up over $100. And you’re not really sure on what.

Many of us do some form of this — whether it’s going out with our friends or spending that money at Target.

It’s called emotional spending. Retail therapy. And it often makes us feel good, until it doesn’t.

Two financial experts joined MPR News host Angela Davis to help us understand why we do it and how to take control of it.


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