Noggin - The Simple Psychology Podcast

Ep. 6 - Money pt. 2: What you should do with it


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Last week we discussed how money is related to happiness. We know that after a certain point, having more money does not equal more happiness. But is there a way I can spend my money that WILL bring me more happiness? Today we discuss different types of spending and how they are associated with happiness. 


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References: 


Dunn, E. W., Aknin, L. B., & Norton, M. I. (2008). Spending money on others promotes happiness. Science, 319(5870), 1687-1688.

Aknin, L. B., Dunn, E. W., Proulx, J., Lok, I., & Norton, M. I. (2020). Does spending money on others promote happiness?: A registered replication report. Journal of Personality and Social Psychology, 119(2), e15.

Nicolao, L., Irwin, J. R., & Goodman, J. K. (2009). Happiness for sale: Do experiential purchases make consumers happier than material purchases?. Journal of consumer research, 36(2), 188-198.

Mogilner, C., & Norton, M. I. (2016). Time, money, and happiness. Current Opinion in Psychology, 10, 12-16.

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Noggin - The Simple Psychology PodcastBy Ben Rasmussen & McKay Heaton