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somervta comments on How can I spend money to improve my life? - Less Wrong Discussion

15 Post author: jpaulson 02 February 2014 10:16AM

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Comment author: somervta 03 February 2014 05:57:12AM 1 point [-]

Or, if you want more directly related to money, read this.

Abstract:

The relationship between money and happiness is surprisingly weak, which may stem in part from the way people spend it. Drawing on empirical research, we propose eight principles designed to help consumers get more happiness for their money. Specifically, we suggest that consumers should (1) buy more experiences and fewer material goods; (2) use their money to benefit others rather than themselves; (3) buy many small pleasures rather than fewer large ones; (4) eschew extended warranties and other forms of overpriced insurance; (5) delay consumption; (6) consider how peripheral features of their purchases may affect their day-to-day lives; (7) beware of comparison shopping; and (8) pay close attention to the happiness of others