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Welcome to Money Diaries where we are tackling the ever-present taboo that is money. We’re asking real people how they spend their hard-earned money during a seven-day period — and we’re tracking every last dollar.

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Switching half our clothes in each of our wardrobes to pre-loved could prevent carbon emissions equivalent to those produced by 261,000 flights from London to Greece, Oxfam have suggested. So what is the allure of buying brand new clothes, when we know it’s worse for the environment? Well, there’s a reason we refer to shopping as ‘retail therapy’. Whether it’s a going-out top grabbed on your lunch break or a designer bag you’ve had your eye on for months, fashion acquisitions in particular have the power to lift your mood, thanks to the chemical dopamine. “Dopamine is known as the reward agent,” said cognitive psychologist and business consultant Dr Carolyn Mair, author of The Psychology of Fashion. “We produce more dopamine when we’re on the hunt for something that’s going to give us a positive outcome or make the situation we’re in at the moment more easy to bear. “It can become an addiction, certainly, because the same neurotransmitters and same behaviours are involved.” And buying an on-trend outfit provides more of a thrill than loading up a supermarket trolley because it satisfies our desire to fit in. “It’s a fundamental psychological drive that we want to belong to communities – part of the way we do that is through the way we dress,” said Mair – who is working with Oxfam for the launch of its Second Hand September campaign – but it’s a double-edged sword. “Fashion can do wonders for us in terms of highlighting or concealing parts of our bodies that we love or don’t love so much,” Mair continued. “But it can also be quite damaging when we feel that we have to join in with other people’s ideas about what’s fashionable.” Peer pressure can have a powerful effect, as can the boredom. “We get bored with what we’ve got, and we’re also very much influenced by fashion trends, celebrities, social media and so on,” said Mair. “There’s quite often a temptation to join in with those trends and be part of that… It can be quite difficult for people to resist that.” Even, that is, when we know that the fashion industry is hugely detrimental to the enviroment in terms of carbon emissions and unwanted garments going to landfill. “I think the huge majority of people already know [the environmental impact],” said Mair, and yet fast fashion brands continue to churn out millions of items a year and consumers lap them up. Instead of telling people to quit clothes shopping altogether, she said to ask ourselves: “How can we get the pleasure from fashion by not buying brand new, but by buying something else?” That’s why she encourages fashion fans to make more sustainable choices, starting with ‘shopping your wardrobe’. “You can make something you’ve already got feel new by upcycling it or changing it a little bit, if you’re creative. We can swap with friends, because then it’s ‘new to me’.” Hunting on sites like Vinted, eBay or Depop is a great way of “finding treasures so that’s giving us the dopamine hit and we’re saving money”, she added. If the proceeds are going to a good cause you’ll get an extra altruistic boost as welll. “We know from positive psychology that one of the best ways to feel good about ourselves is to do good for someone else,” said Mair. “Whenever we buy secondhand from a charity shop we know that our money is going towards doing good.” She’s also a big fan of rental sites like HURR Collective, Hire Street and By Rotation that offer premium pieces to hire for a fraction of their retail price. “Rental sites are great, particularly for special occasions when we think ‘I need to buy something new,’ because that’s the social norm,” she said. “Rental is a great way to keep an item of clothing in use for longer so it’s worn by more people and looked after.” Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live How can I improve my teenager’s low mood? Drinking alcohol does not make people look more attractive, study suggests Maya Jama and Stormzy: Can you make it work with an ex?

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Damon Hill has praised Lewis Hamilton for the “admirable” way he “kept his chin up” after the controversy of Abu Dhabi – and believes the Mercedes man is “absolutely motivated” to win a record eighth world title. Eighteen months have passed since Hamilton lost out to Max Verstappen at the contentious season finale, with his Dutch rival going on to take last year’s title too. And Verstappen, 69 points clear in this season’s championship, is primed to complete his hat-trick. Hamilton, 38, has not won a race since the penultimate round of the 2021 campaign – the longest losing streak of his career – but he heads to this weekend’s Austrian Grand Prix following two consecutive podium finishes in his revamped Mercedes machine. “It is admirable the way Lewis kept his chin up after what happened in Abu Dhabi,” Hill, the 1996 world champion, told the PA news agency. “He got back on with the task in hand and he is driving better again this year than he has done before. He is starting to gel with that car now and he has solved some of the problems he faced. “So I would be amazed if he doesn’t want to go out on a high by winning that eighth title, and he is absolutely motivated by that. He has got that longevity and he looks after himself. “He needs a competitive car, half-a-chance, and someone like Lewis will rise up to that challenge and find more in himself. At the moment we are seeing a happier Hamilton, and a happy Hamilton is a fast Hamilton.” The British driver’s future on the grid, however, remains a hot topic of speculation. Hamilton has entered the final six months of his current £40million-a-season contract with Mercedes. But despite a string of recent discussions with team principal Toto Wolff, a conclusion to the saga is not understood to be imminent. “The talk is that Lewis is finalising a much longer-term deal that goes beyond his racing career,” added Hill, 62. “The car company itself is involved, so there is a bit more bureaucracy in this deal.” Hamilton is already 93 points behind Verstappen in the standings after the Red Bull driver raced to his sixth victory from eight rounds to equal Ayrton Senna’s career tally of 41 wins last time out in Canada. Following Verstappen’s triumph, Red Bull team principal Christian Horner said his star driver must now be considered among Formula One’s all-time greats. “Comparing different eras is quite difficult,” said Hill, who was speaking at his Halow Project charity event in Sandown following a world-first kart run on Zero synthetic fuel. “They do many more races than they used to in the sport. But, nevertheless, in every era there are one or two drivers who are the cream of the crop, and you have to say Max is one of them, along with Lewis and Fernando (Alonso). “I certainly see him having his own era called ‘the Max Verstappen era’ where he wins practically everything. “If you appreciate great drivers and the job they do then it is great to watch. But I understand people want to see a race and not a demonstration and we have to be patient and hope the others catch him up pretty quickly.” Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live Horner details what makes ‘mega talent’ Verstappen so special Max Verstappen aims to ‘keep winning’ after matching Ayrton Senna’s 41 victories Max Verstappen claims pole position during rain-hit qualifying for Canadian GP

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