We have all thought about it at one point or another, would some extra money make me happy, or happier? Will buying that new car or that ticket to Hawaii really make me happier? There are a lot of different articles online that talk about his, so after some research, I chose to use the most accredited ones and see what they had to say.
Now we have all at some point heard someone say that money can but friends. This, as we all know is simply ridiculous. We also hear of people who think that by buying cool things, they will be much happier. This also seems to be quite ridiculous.
An article on Huffington Post, with information from a study conducted at the University of British Columbia concluded that after money covers all the basic needs we have, it does not make us any happier. It goes on, however, to say that it can make you less sad. While you may be thinking that the two are the same, the article builds off this and says that they are not. Money, they say, can help with negative situations in life, “like a leak in the house or a tuition hike at your daughter’s school.” So while it does not necessarily make us happier in these kinds of situations, it can make us less sad.
To contrast these findings, a Men’s Health article reports on a study conducted in Spain and found that money makes it harder for us to appreciate the small things, which are often the most important in our lives. It explains that, for example, “the more fine restaurants you’ve dined at, the less you relish your local pizza joint.” It goes on to explain that “the more stuff you accumulate—whether it’s watches, trips, or slices of pie—the less you appreciate each individual item or experience. “ But it’s not all gloom and disappointment, Men’s Health reports. “Try giving up a simple pleasure for a while” it says, “to savor it even more when you come back to it.”
Finally, an article from US News. In the article, a study from the University of Colorado by psychology professor Leaf Van Boven is cited. In his study, Van Boven concludes that money can buy happiness, but not in the way we imagine. Money, he says, should be spent on life experiences, experiences that will not be forgotten. Traveling to a new place or taking the family on an activity they all enjoy will produce much more happiness than a new car or television. He says that the not so good memories will be remembered as good ones, due to what we call nostalgia bias.
From these studies, it seems that a recurring theme appears. Money can make us happier, but not when we simply buy more stuff. Money is a much better investment and will make us happier when used for the necessities and unforeseen circumstances, new experiences in travel and having fun. We just have to appreciate the small things to lead a more fulfilling and overall happier life. So take a break from blogging and take trip to Italy.