After being cooped up for a year, people are opening their wallets for anything from dining out to shopping for merchandise and vacations due to Covid19 that has changed our life in several ways.Here are some examples:
Research shows that people tend to get more happiness out of buying experiences rather than material things, Dunn said.
Experiences tend to be more tightly connected to our sense of self,” “People feel that their experiential purchases contribute more to their life stories, and are more unique to them.”
They are also less likely to exhibit buyer’s remorse because experiences are relatively difficult to compare, whereas material things are easy to compare.
Plus, experiences tend to bring people together.
“Coming out of the pandemic, but also all the time, because we’re human, when we are able to build and reinforce our connections with other people, that’s a really important source of happiness,
Make it a treat
We get used to the things we have all the time, but when they’re a treat, they tend to bring more happiness.
According to a study made by Dunn’s, participants were given chocolate. Those who gave it up for a week enjoyed it more than those who were able to have it every day, she said.
Identify things you originally enjoyed but now take for granted.
“Just taking a break from them can be a way to both cut down on spending, while also potentially increasing our happiness,” Dunn said.
Since the pandemic forced a break from many of our habitual purchases, it’s a good opportunity to bring each one back one at a time, Dunn suggests.
One underutilized strategy for increasing happiness is spending money to get more time in your daily life.
“People who use their money to buy their way out of the things they hate doing are happier than those who don’t
That can mean hiring a cleaning person or family helper to run errands.
Pay now, consume later
If you pay in advance for an experience you are doing in the future, you get to capitalize on a pleasurable period of anticipation, Dunn said.
“When we invest in our future selves, when we sort of pay upfront for things we’re going to enjoy later, that does seem to be at least ‘correlationally’ linked to better financial outcomes, as well.”
Invest in others
When Dunn was conducting experiments on how happy people were when you gave them money, she realized the givers also felt good.
“What we’ve discovered is that people were actually getting more happiness out of money that they used to benefit others, than money that they used to benefit themselves,” she said.Remember also that The trick in winning the lottery is to start playing