They say money doesn’t buy happiness, and in some cases that could be true if you spend it for the wrong reasons. In fact, according to the book, “Happy Money: The Science of Smarter Spending” by Dr. Elizabeth Dunn and Dr. Michael Norton, there are a few cases where spending money on yourself can lower your happiness levels.
For instance, if you “buy” instead of “do”.
What does that mean?
Well, say you spend $45 on a new pair of jeans. That purchase won’t make you as happy as if you spent that money going out to dinner with friends.
That’s because the connection with other people creates a positive memory that you can revisit over and over again.
So, the next time you get ready to pay for an item, think about how you can spend that money creating a great memory.