You’ve probably heard that money can’t buy happiness. Most people who say this phrase don’t have any cash to use to create joyful circumstances.
Although you can spend money and feel lonely, wise investments can lead to a happier and healthier lifestyle.
Once you’ve checked that off the list, here are the ways that money can contribute to happiness.
1. Buy Yourself Some Time
People who spend money to save time are typically happier than those who use their cash to purchase material goods. That means you can hire people to take care of your errands and chores to spend more time with those you love.
2. Indulge in Small Pleasures
When you have some extra money, it doesn’t feel bad to buy that cookie you love from the corner café more often. If you’ve had a long day at work, a 30-minute massage might help you feel better. It is the frequency, not the duration, that matters the most.
3. Give to Charity and Volunteerism
Once people reach an income level of around $90,000, the happiness gains from money reduce dramatically. That’s when contributing to a charity or spending time with volunteerism can make you feel happier. You’ve got extra time instead of trying to make ends meet paycheck to paycheck.
4. Have More Experiences
The anticipation of an event makes people happier than the actual adventure in some ways. Money contributes to that outcome by buying those vacations, weekend trips, and other opportunities.
Money can’t buy all your happiness, but it can contribute to more joy with some smart spending. What could you get today that would make life better?