Sunday, May 20, 2012

Money Can Buy Happiness

...if you know how to spend it. Summary of points from Coding Horror:
  • After a certain point, more money does not automatically mean more happiness. That point, according to the study referenced, is about US$75,000.
  • Buy experiences rather than things
  • Help others instead of yourself
  • Buy many small pleasures instead of only a few big ones
  • Commit; spend less on extended warranties and options to return purchases.
  • Anticipation is good; save up for a purchase rather than using credit.
  • Think about how much you'll actually use and enjoy what you're considering purchasing.
  • Beware of comparison shopping; that tells you whether A is better than B, but not whether you'll enjoy A at all.
  • Follow the herd; if something makes a lot of other people happy, it's likely to make you happy also. (But be aware the herd gets a lot of stuff which they think will make them happy, then it doesn't.)

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