Personal finance is full of myths and misconceptions. No, not all debt is bad. No, buying isn’t necessarily better than renting. And, no, carrying a balance does not help your credit score.
One phenomenon is surprisingly real, though: retail therapy.
“Shopping when sad can help to alleviate the sadness faster than other methods you might be tempted to try,” confirms Scott Rick, an associate marketing professor and consumer behavior expert at the University of Michigan.
In fact, Rick led a study about retail therapy a few…