Post
Topic
Board Economics
Merits 3 from 1 user
Topic OP
Are you Spending Money the Wrong Way in Pursuit of Happiness?
by
mvdheuvel1983
on 09/05/2023, 22:17:45 UTC
⭐ Merited by Lida93 (3)
Money should make you happy but if it doesn't then you are probably spending it the wrong way. See the eight (Cool suggested principles to help anyone to be able to get happiness from their money.
  • buy more experiences and fewer material goods
  • use your money to benefit others rather than yourself
  • buy many small pleasures rather than fewer large ones
  • eschew extended warranties and other forms of overpriced insurance
  • delay consumption
  • consider how peripheral features of your purchases may affect your day-to-day life
  • beware of comparison shopping
  • pay close attention to the happiness of others

These suggestions are not mine but are from the scientific findings of EW Dunn et al. They are valid suggestions which even without reading have been practicing.  What are you take on these suggestions? Do you have more to add to what the researchers have discovered about this?

- https://scholar.harvard.edu/files/danielgilbert/files/if-money-doesnt-make-you-happy.nov-12-20101.pdf