steady

Happiness · Money, spent right

Buy back an hour

Pay someone to do the one weekly job you dread. Cleaning, ironing, the lawn, the tax return. Use the hour on a person.

no timeEvidence: decent

Across six thousand people in four countries, the ones who spent money to save time were more satisfied with life than the ones who spent the same money on things, at every income level. In a small experiment, people given forty dollars to buy time on one weekend and forty to buy stuff on another were happier on the time weekend. Evidence: decent

The big data is a link, the experiment was small. The likely reason is plain: money spent on a thing gets you used to the thing; money spent on time gets you an evening.

If money's tight, the version that costs nothing is trading a job with a mate: you do his tax, he does your gutters.

Source: Whillans et al., 2017, PNAS (link)

Same theme: Money, spent right

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