Here are three ways money CAN buy happiness, according to science: When you spend money on EXPERIENCES, like going on vacation . . . when you spend money to give yourself more free time, like getting a housekeeper . . . and when you spend money on other people, even just buying a friend a drink.
Despite what you always hear about how “money can’t buy happiness”, here are three more ways it actually CAN, according to science.
- Spending money to DO things, like going on a vacation. Researchers at Cornell found that buying STUFF only makes you happy in the short term. But paying for EXPERIENCES can make you happier in the LONG TERM.
- Spending money to give yourself more FREE TIME. For example, a study at Stanford found that paying for a housekeeper DID make people happier. But only if they could afford it. If it would make you stress out about money, it won’t work.
- Spending money to pick up a check. And it doesn’t even matter how much the check is. Researchers at the University of British Columbia found that even buying your friend a DRINK can put you in a better mood.
And in general, spending money on others makes you happier than spending money on yourself.