Money, Happiness, How to Buy Happiness | Wealth of Mind

You are here

05 Jun 2014

How to Buy Happiness

Written by RobynWoodham Category:

Two ways to use money to increase your level of happiness

It’s often said that money can’t buy happiness.  As it turns out, that’s not entirely true.  Research tells us that money and happiness are correlated, though only to the point where you have enough to cover your living expenses.  Beyond that, there’s no correlation at all, but there are ways in which you can use money to increase your levels of happiness, and it’s those that I want to share with you today.

The first way you can use money to increase your happiness is by giving it away.  This can be in the form of donations, or in buying things for others.  Studies show that if you give someone money and ask them to spend it on others, they will become far happier than if they are asked to spend it on themselves.  This effect applies when there is no money involved too, which is great for those who don’t have surplus money to spend on others.  Giving your time, or simple things such as flowers out of your garden can be just as effective in increasing happiness.

The other way you can use money to maximise your happiness is by spending it on experiences rather than material goods.  When we buy an item, it can be really exciting, but it quickly becomes normalised and the impact it has on happiness wears off.  In contrast, when we buy ourselves an experience, we can relive it in our minds as often as we like.  We tell others about it too, and thus get a great deal from our experience long after it is actually finished.  As an added bonus, when we buy experiences, they often involve other people, so the positive effect of the experience becomes even higher due to the social involvement it brings, something which is also known to be great for happiness.

So if you want to maximise your happiness, and the happiness of those around you, it’s good to consider how you’re using your money.  Giving to others is great for you as well as making the person you give to feel good, and giving yourself and others experiences is giving the opportunity to create happiness not once, but many times over.

Wealth of Mind

Wealth of Mind is here to offer you solutions. Whether you’re wanting one-on-one sessions to help you overcome problems or a way to increase your success, happiness or achievement in your personal life or career, Wealth of Mind is here to help. Wealth of Mind also offers workshops, courses and online training courses to give you multiple ways you can improve your life.

 

Online Training Courses >>

 

Newsletter

Add your email address here to subscribe to our monthly newsletter

Latest Articles

04 Dec 2017

Christmas Presents

Guidelines to make your Christmas shopping a whole lot easier

12 Oct 2017

Plan B

Good things sometimes come from unexpected places

How do you know you're doing a good job?

Where are your questions going?

How can you reframe challenging situations in your life?

09 May 2017

Huge Accomplishments

You are capable of so much more than you think

06 Apr 2017

Perception vs Reality

Is your imagination making it harder than it really is?

Maximise your resourcefulness in times of stress

06 Feb 2017

Meaning

What else could it mean?

05 Dec 2016

The Inner Critic

Do you spend a lot of time beating yourself up?

Training & Affiliations

 

Contact Us

  • Robyn Woodham
  • BA(Hons) Psychology
  • NLP Master Practitioner

 

  •   robyn@wealthofmind.co.nz
  •  Sessions are held online, so you can relax in a private and comfortable space for your session.  As Robyn is now in the UK, sessions are at times that are perfect for early birds, night owls and shift workers.