In their book, Happy Money: The Science of Smarter Spending, Elizabeth Dunn and Michael Norton draw on years of quantitative and qualitative research to explain how we can turn cash into contentment. The key lies in changing our spending habits and adhering to five key principles:
1. Buy Experiences. Research shows that material purchases are less satisfying than vacations or concerts.
2. Make it a Treat. … [ Read more ]
Content: Article | Authors: Elizabeth Dunn, Michael I. Norton | Source: Harvard Business School (HBS) Working Knowledge | Subject: Personal Development