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5 Ways Spending Your Money Will Make You Happier
What you spend money on matters more than how much you spend.
When you make your money, you can decide how you want to spend it. It’s your right! But the happiness you get depends on how you spend it rather than how much of it you have.
For a long time, psychologists have debated whether money makes people happy or not. Psychologists Elizabeth Dunn, Dan Gilbert, and Timothy Wilson note that “if money doesn’t make you happy, then you probably aren’t spending it right.”
The consensus is that while money doesn’t make people happy, how we spend it or what we spend money on can have a significant impact on happiness, quality of life, and well-being.
People who spend money on experiences, for example, are far happier regardless of how much money they have in their bank account.
So, it begs the question: What are the best ways to spend money that have been proven to help people maximize happiness?
1. Give, donate, or buy things for others.
Giving away money may seem like the stuff Forbes lists for billionaires only, but it can increase our happiness more than merely spending it on ourselves.
