“Do” your way to happiness

“Do” your way to happiness

I've written about this several times before but it's definitely worth being reminded of the findings that clearly indicate if we want to buy our way to happiness we should spend more on "doing" (such as holidays) rather than on "stuff". 

This article from TIME magazine sums things up very well…

Want Happiness? Don’t Buy More Stuff — Go on Vacation

When it comes to spending money on things or experiences, the research is clear: Doing brings more happiness than owning.

Given that it’s vacation season for many folks, we thought it a good time to devote this Mind Over Money post to a brief discussion of what personal finance is ultimately all about. Some people, of course, really enjoy counting their money, deriving great satisfaction simply from watching their bottom line grow, often quite removed from any thought of what they might do with their riches. But for most of us, money is just a token for what we can do with it — pay the mortgage or rent, send kids to college, buy a TV or travel to Italy. And for nearly all of us, money is finite; there isn’t enough to do all we want, so we must be selective. That raises a crucial question: If we want to maximize the happiness or satisfaction we get from our money, how should we spend it?

There’s been a lot of recent research on this subject, much of it conducted at Tom’s home institution, Cornell University (a lot of it by Tom). And the answer is clear. If you’re conflicted about whether to spend money on a material good (say, a computer) or personal experience (say, a vacation), the research says you’ll get much more satisfaction — and for longer — if you choose the experience. Most of us, it turns out, get more bang from the experiential buck. Indeed, when people are asked to recall their most significant material and experiential purchases over the previous five years, they report that the experience brought more joy, was a source of more enduring satisfaction and was more clearly “money well spent.”

…keep reading about happiness, holidays and stuff – HERE