Research has found that spending money can bring you happiness and satisfaction in ways you least expect.
How you spend your money really matters and is a big determinant in the way you would gain satisfaction.
Forget talks about how money can’t buy you happiness, below are science backed ways you can gain satisfaction from spending money.
1. SPENDING ON OTHERS
Researchers from Harvard University found that spending money on others can boost your emotional and physical well-being. Spending money on others which is also called pro-social spending can elevate your mood.
2. SPENDING WITH OTHERS
Spending on things might not make you happy on the long-term, but researchers from Harvard University has found that spending money with family or friends can create a sense of togetherness and connection which would in turn make you happy.
3. SPENDING ON MOMENTS
According to the author of Stumbling on Happiness, Dan Gilbert from Harvard University, spending your money on moments and experiences rather than material things would boost your happiness and satisfaction level. You might get tired of material things, but memories are priceless and rarely fade.
4. BUY IN LITTLE SPLURGES
Another research suggests that spending massively on an expensive item isn’t a long-term but rather shortcut to happiness that wouldn’t really last. The effect of that purchase would only fizzle out after a while, whereas spending inexpensively on your indulgence is a wiser way to boost happiness and satisfaction.
These tips mostly defy your previous opinion on money and satisfaction. There are different modes of spending money, and each comes with different levels of satisfaction.