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Increasing the happiness derived from money spent

Research by Dunn, Gilbert and Wilson (2010) notes that the relationship between money and happiness is surprisingly weak – in part due to the way in which people spend their money – and identify eight principles designed to help people boost the happiness derived from their expenditure.

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Increasing the happiness derived from money spent
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1. Buy more experiences and fewer material goods
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2. Use money to benefit others rather than yourself
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3. Buy many small pleasures rather than fewer large ones
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4. Eschew extended warranties and other forms of overpriced insurance
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5. Delay consumption
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6. Consider how peripheral features may affect your day-to-day life
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7. Beware of comparison shopping
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8. Pay close attention to the happiness of others
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Improve work-life balance
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Favour intrinsic goals
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Humans can flourish and consume less
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Participation in the life of society
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Reduce our material impact on the environment
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Reversing the culture of consumerism
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Strengthening human and social capital
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Tackle systemic inequality
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