Bazaar Savings: Why We Do What We Do
From the time we are young, we are taught that it is better to give than receive. The idiom is religious in
nature and has an esteemed place in common culture. But, what if it is also rooted in science? In 1988 volunteerism and wellness expert, Allen Luks, conducted an experiment with more than 1,700 women who volunteered regularly. According to his research, 50% of participants reported feeling “high” while they helped others, while an additional 7% reported feeling stronger and more energetic. Luks went on to write a book about his theory of the “Helper’s High.” The Healing Power of Doing Good (2001) was a bestseller that explained the relationship between good health and volunteerism.
Another study had even more “shocking” results. In 2014, Molly Crockett and a team of researchers at
University College London conducted an experiment using 80 pairs of people. One person was the “decider” while the other one was the “receiver.” The decider was given an amount of money to pay to prevent an electric shock. Sometimes the shock was for themselves, sometimes it was for the receiver. Crockett’s surprising results found that people were willing to pay more to prevent someone else from getting shocked than they were for themselves. In short, while self-preservation is natural in human beings, when we are already safe and happy, we naturally think about helping others.
Author Dr. Martin Seligman has written multiple books on Positive Psychology including, Learned
Optimism: How to Change Your Mind and Your Life. Dr. Seligman developed a 5-point process that is an infrastructure of psychological well-being called, the PERMA Model:
- P is for Positive Emotion: feeling good, optimism, pleasure and enjoyment
E is for Engagement: doing fulfilling work, having exciting hobbies, immersing oneself in a sense of “flow.”
- R is for Relationships: deep social connections, love, intimacy, emotional and physical interaction with
- M is for Meaning: having a purpose in life.
- A is for Accomplishment: setting and pursuing goals, realizing ambition, living a sense of achievement.
According to Dr. Seligman, it is possible to experience the great feelings listed in the PERMA model, aswell as physiological results like the release of dopamine through giving and doing good things for others.
That is the science of giving. At Bazaar Savings, we believed all of these things instinctively. We know
how great it feels to give, because of how it makes us feel. “At Bazaar Savings, our mission is to
empower communities and families by being a part of the circle of support that supports strong schools,
and businesses to be a part of powerful and strong environments.” According to research, circles of
support helps individuals be connected in their community, by making friendships and relationships stronger. “We know that people helping people gives them a sense of fulfillment,” says Bazaar Savings founder and CEO, David Mims, “Once people give, they continue to give.”
Bazaar Savings is more than a savings program. Bazaar Savings is a community where people give and support one another by supporting businesses that support organizations which support people.
Starting in Plano, TX, we hope to enhance the quality of this diverse community. Through our program, everyone in the community makes an effort. Organizations raise money. Businesses make money. People in the community save money. The dollars spent in the community, benefit the community. “When you drill down to it,” Mims says, “Bazaar Savings is about kids, community, and the power of giving and support.”