spending; overshopping; experiences

Better Ways to Spend

I was intrigued by a book review in the weekly magazine The Economist, since the book in question delivers the same message that I have been telling my clients: spend your money on experiences, not things. According to “Happy Money: The Science of Smarter Spending”, by Elizabeth Dunn and Michael Norton, behavioral research indicates that the excitement brought on by material purchases wears off quickly.  A much better strategy, the review states, is “to spend money on experiences, like interesting trips, unique meals, or even going…

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