Long-term happiness is fleeting no matter what your bank account looks like, but research shows that money can, in fact, buy you short-term bursts of joy—if you spend wisely.

Buying yourself experiences like concerts or vacations has been linked to greater happiness than material purchases, and even the anticipation of a fun event can cause substantial enjoyment, regardless of whether the experience delivers.

But maybe most importantly, people who spend money on others are proven to be measurably happier than those who spend on themselves. So do yourself a favor: buy happiness for someone else. You might also be falling for these other happiness myths.

RD

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