Spending your way to happiness

money-happinessThe Financial Post’s Melissa Leong interviewed two scientists who have published a book called Happy Money: The Science of Happy Spending. Spoiler alert: it turns out that spending money on stuff doesn’t bring as much happiness as spending money on experiences. It sounds like an interesting read!

From the Post: According to scientists Elizabeth Dunn and Michael Norton, money can buy you happiness. You just have to know the right way to spend it.

Ms. Dunn, associate professor of psychology at the University of British Columbia, and Mr. Norton, associate professor of marketing at Harvard Business School, have written a book, Happy Money: The Science of Smarter Spending, to help you achieve maximum joy with your dollars.

“I find that it has freed me to spend money on the things that I think are really worthwhile and cut out the things that I perhaps don’t need,” Ms. Dunn said. For example, she recently spent money on a night doula to help sleep train her baby. “Anything that fundamentally changes the way you spend your time is a good use of money — it’s happy money.”

Ms. Dunn and Mr. Norton spoke to the National Post’s Melissa Leong about getting a bigger (and happier) bang for your buck.

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