"If money can buy happiness, then why doesn’t it?

Because people don’t spend it right."

Research study published in the Journal of Consumer Psychology (April 2011). Their recommendations for happier spending:

1. Buy more experiences and fewer material goods;
2. Use your money to benefit others rather than yourself;
3. Buy many small pleasures rather than fewer large ones;
4. Eschew extended warranties and other forms of overpriced insurance;
5. Delay consumption;
6. Consider how peripheral features of your purchases may affect your day-to-day life;
7. Beware of comparison shopping; and
8. Pay close attention to the happiness of others. (via theoutage)

(Source: sciencedirect.com)