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Once your income meets your basic needs, having more money does not necessarily equate to greater happiness, according to the authors of Happy Money: The Science of Smarter Spending. What makes a difference is how your money is being spent. Authors Elizabeth Dunn and Michael Norton reveal hundreds of scientific studies that explore spending habits that can bring greater happiness. Here are five principles for spending based on their research.
Changing the way your money is spent is obviously not the only way to boost happiness; however, the authors do present compelling points to becoming more mindful in our spending.