Money may not be able to buy happiness, but if you spend wisely, you can at least avoid purchases that make you unhappy. SmartMoney lists eight tips for happy spending, based on new research published this month:
- Buy experiences, not things: People overwhelmingly report that they get more happiness out of things they did than things they bought.
- Buy lots of little things, not one big thing: Because we can so quickly grow tired of new possessions, or at least get used to them, it's better to focus on frequency than intensity. Think new underwear instead of a new TV, or a day trip instead of a weeklong vacation.