New study reveals that money CAN buy happiness!
Let's just admit it, it feels good to spend a little money on yourself and that is absolutely OK! Who said money can't buy happiness? Recent studies have proved that it just may be possible to buy yourself happiness.
New research from the University of British Columbia has found that spending money to buy yourself some free time is healthy and exhilarating. Time to get your wallets out and spoil yourselves!
Dr Ashley Whillans, a Harvard Business School professor who carried out the study, surveyed more than 6,000 people in the US, Denmark, Canada and the Netherlands.
“People who hire a house cleaner or pay the kid next door to mow the lawn might feel like they're being lazy," said Dr Whillans. "But our results suggest that buying time has similar benefits for happiness as having more money."
Psychology professor Elizabeth Dunn, a senior author of the study, said: “The benefits of buying time aren't just for wealthy people.
“We thought the effects might only hold up for people with quite a bit of disposable income, but to our surprise, we found the same effects across the income spectrum."
"Although buying time can serve as a buffer against the time pressures of daily life, few people are doing it even when they can afford it," said Dr Dunn.
"Lots of research has shown that people benefit from buying their way into pleasant experiences, but our research suggests people should also consider buying their way out of unpleasant experiences."
Spending money to save yourself from your daily routine and chores does feel extremely satisfying and leaves you feeling less stressed. The authors of Buying Time Promotes Happiness say that they have evidence that shows using money to buy/buffer time promotes happiness.
Despite the benefits of buying time and gaining happiness, most of us would never allocate our money towards such a thing. Maybe that's all we really need to keep going, so don't be so afraid to spend those bucks!