Money Makes You Happy—When You Share It: Elizabeth Dunn
As a press release from the University of British Columbia reports, Dunn and Norton compiled research from 136 countries and combined it with new studies from Canada, India and South Africa to complete their book. All of this analysis pointed toward the fact that people worldwide experience emotional rewards when they share their money. This is true whether the person in question has an excess of money or just enough to get by, as well. "Even in these relatively impoverished areas of the world we find people are happier when they spend money on others rather than themselves," Dunn told Global News.
Here are some other tips (listed in the UBC press release) that Dunn's book—and her keynotes—point to for making your spending count:
Buy experiences – like trips, concerts and special meals that inoculate against buyer’s remorse.
Make it a treat – making daily habits into special indulgences increases satisfaction.
Buy time – before making a purchase, ask yourself, “How will this change how I use my time?”
Pay now, consume later – paying up-front and delaying consumption maximizes the pleasure of anticipation and reduces debt.
Invest in others – spending money on others provides a bigger happiness boost than spending on oneself.