3 WHEN DOL­LARS MAKE SENSE

Diabetic Living - - Good Advice -

The first thing to know is that when it comes to boost­ing your mood, re­search proves spend­ing your money on experiences trumps ob­jects – so think more hol­i­day or con­cert tick­ets and less shoes, clothes and cars. In fact, just look­ing for­ward to an ex­pe­ri­ence is enough to boost hap­pi­ness – so book early!

But us­ing your money to buy your­self time rather than things is also smart. Ac­cord­ing to a re­cent Cana­dian study, peo­ple who pay for ser­vices – like clean­ing, lawn mow­ing and car wash­ing – spend more of their down­time do­ing things they want to, and are there­fore hap­pier than those who spend money on ‘stuff’.

“Re­search has shown peo­ple ben­e­fit from buy­ing into nice experiences,” says the study’s se­nior au­thor, Elizabeth Dunn. “But our re­search sug­gests peo­ple should con­sider buy­ing out of un­pleas­ant experiences.” Money can buy hap­pi­ness – if you spend it right.

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