Money CAN buy happiness.

So says Elizabeth Dunn and Michael Norton, authors of the book “Happy Money – The Science of Smarter Spending”.

Elizabeth and Michael are both associate professors in the field of psychology and marketing respectively.  Between them, they have reviewed hundreds of articles concerning research on what makes people happy.  Through their findings, they have come to the conclusion that money can buy happiness, provided if you are spending it right.

Without revealing too much (and I strongly recommend you to get the book), here are five suggested strategies to generate more happiness bang for your buck: 

1. Buy Experiences

This has been proven through research and I have heard it time and again – Money spent on experiential stuff generates more happiness than money spent on new toys.  Instead of a new car, why not trade in the deposit for a week-long …