How to spend your money, according to science

It's not the act of buying but how you spend money that improves happiness and life satisfaction.

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  • To prove money can't buy happiness, people point to millionaires and lottery winners who ruined their lives.
  • Psychological studies have shown that learning how to spend your money can improve overall happiness.
  • We explore eight money-spending principles that research suggests can bolster life satisfaction.
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‘I’ll have what she’s having’ – how and why we copy the choices of others

The choice of flavor may be up to you, but the number of scoops will depend on your friends.

Imagine you're dining out at a casual restaurant with some friends. After looking over the menu, you decide to order the steak. But then, after a dinner companion orders a salad for their main course, you declare: “I'll have the salad too."

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(Photo by Brendan Smialowski / AFP)
  • Four states have now passed "heartbeat laws," which ban abortions at about six weeks.
  • Ohio's new law prohibits rape and incest victims from having an abortion.
  • In Georgia, having a miscarriage could result in an investigation.
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Do this if you need to make decisions better and faster

These three things can help you make smarter and faster decisions.

For some people, decision-making comes easily. When faced with multiple options, these lucky few quickly and confidently pick the one that they think would work best.

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  • Bad outcomes get criticized as evidence of bad decisions, but that's not necessarily so.
  • Here, poker pro Annie Duke desribes a simple thought experiment that separates decisions from outcomes.
  • It is quite possible to make a very good decision that, due to external factors, results in a bad outcome
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