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How to spend your money for maximum happiness

How to spend your money for maximum happiness

popsci.com

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Money And Happiness

The debate about how material belongings can get in the way of our happiness dates back hundreds of years:

  • The Buddha talked about a balance between asceticism and pleasure.
  • Early Christian monasticism preached spiritual transformation through simple living.
  • Philoso...

The things we buy might make us happy in the moment, but that feeling fades away over time. This phenomenon is called the “hedonic treadmill."

We get used to things that we have, and when new, more attractive things catch our eye, we feel like we need to keep getting more ...

  • Happiness is a really difficult topic to study, because it’s subjective, unstable, and intangible.
  • Affluence has a certain impact on our well-being when it comes to satisfying our basic needs and standard of living, but in general, research...

Time famine is something experienced by people across all income levels.

People who feel time-constrained are more stressed, less likely to spend time helping others, and less active. This is also one of the main reasons people give to explain why they’re not exercising regularly or eating...

Buying time can increase our sense of control and, ultimately, our feelings of well-being. For example: hiring someone to clean the house for us, ordering takeout instead of cooking, or paying extra for a direct flight.

But we are less likely to benefit from buying time wh...

People who think of their time as a limited resource are more likely to derive joy from life’s simple pleasures (talking to a friend for example).

Also, if you’re spending money on a time-saving purchase, use those extra minutes to do something that lifts your mood...

  • Even this may not sound like a practical thing to do, an intangible experience can often bring you joy for longer than a physical object.
  • Experiences are short-lived, but not in a psychological sense. They live on in our memories, they live on in the stories we recall and tell - th...

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