So, we know that having and money makes us happy—but what about spending it? After all, we’re not dragons hoarding our gold in a cave! Here are some foolproof tips on spending money to maximize your happiness.
Spend Money on Others 💑
Sounds counterproductive, right? But if you take that $10 you were going to spend on Starbucks, and get a small gift for a friend, or make a donation to a charity you care about, you’ll end up feeling better about yourself! There’s a mountain of research proving that even if you were tempted to spend that money on yourself, you’ll be happier if you did something for others. As a matter of fact, this applies to people who are struggling with money too—who knew a dollar or two can change so much?
It’s important to note that giving blindly isn’t the path to joy, instead, it depends on who and what you invest in. It has to be for a cause or a person that you really care about, and that you feel like you’re doing this out of your own free will. So go forth, start small, and give back to your heart’s content!
Spend Money on Experiences 🌴
I’m sure you’ve heard this before, but experiences are the bread and butter (no pun intended) of happiness. The joy you’ll get from a delicious meal, a relaxing vacation, or even a great concert will last longer, and probably be more impactful to your happiness, than a new shirt or another tech gadget.
Of course, we get it—it’s so much easier to order things online for that instant gratification serotonin, but if you’re looking to get more out of those late-night Amazon orders, consider treating yourself to a spa day instead!
Spend Money to Buy Time ⏰
Time is the one resource in our lives that, once it’s gone, we can never get back. So why not spend some money on the time-consuming things you don’t love doing, so that you can spend that time doing something you love? With all the apps and resources out there nowadays, it’s easier than ever to buy some extra time for yourself.
Hate grocery shopping? Use Instacart, and spend that time learning how to bake. Dislike doing dishes? Buy a dishwasher. There are ways to improve your quality of life, and therefore, your happiness, as long as you have the resources to do so.