How to make the most out of your money. Six ways that negativity can make you happy. Eight ways to turn your luck and win at games. Got a minute? Eight interesting facts about time and work. How to split the bill. Losses hurt more than gains feel good. Is clutter good for you? How squeezed are you? Rate Story. Font Size Abc Small. Abc Medium. Abc Large. Getty Images. A reader wrote asking about spending.
She was referring to a recent column where a retiree friend was trying to figure how to find the money to spend on what mattered to her. Much like the intermittent fasting craze we have subscribed to, hoping to reverse the ills of lifestyle diseases caused by eating too much.
How does one manage their wealth in case of a windfall gain or unexpected surplus? Do you invest it, pay your debts or just fulfil all your lifelong dreams? Based on text by RIju Mehta.
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From The They are also less likely to exhibit buyer's remorse because experiences are relatively difficult to compare, whereas material things are easy to compare. We get used to the things we have all the time, but when they're a treat, they tend to bring more happiness.
In one of Dunn's studies, participants were given chocolate. Those who gave it up for a week enjoyed it more than those who were able to have it every day, she said.
Since the pandemic forced a break from many of our habitual purchases, it's a good opportunity to bring each one back one at a time, Dunn suggests. One underutilized strategy for increasing happiness is spending money to get more time in your daily life. If you pay in advance for an experience you are doing in the future, you get to capitalize on a pleasurable period of anticipation, Dunn said.
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