The psychologist Sonya Lyubomirsky has spent her career studying happiness. She recommends “renting happiness”.
Instead of splashing out on a better car, rent a fancy sports car for a weekend away. It sounds extravagant, but is much cheaper than buying a new car, and gives you a memorable experience which won’t wear off because you don’t become accustomed to it.
8. If you are going for a day out, don’t calculate how much you could have earned if you had worked instead
Time is of course money. If you’re paid by the hour or you’re self-employed, it’s tempting to work out how much you could have made if you weren’t going out for the day. But that can reduce the pleasure of the experience.
In experiments where people were asked to calculate their hourly rate, it even spoilt their enjoyment of listening to music a few moments later! So if you’ve decided to take a day off to spend with friends, don’t think about what you could have earned in those hours.
9. Remember that not spending can be satisfying too
If you can’t afford to spend or want to save for the future instead, then Sonya Lyubomirsky’s research throws up another suggestion. She is convinced that thrift is a forgotten virtue.
Vintage shops might be in fashion, but many of us still want to buy new things. Sonya suggests paying more attention to the things we own, actively thinking about the benefits and pleasures they’ve brought us, so that our joy in them doesn’t wear off. Or you can recycle the initial pleasure your old possessions used to hold for you, by bringing them back into service.
Source : http://www.bbc.co.uk/programmes/articles/4KRkdC3sTdnGf1F5JH7w6XL/how-to-spend-your-money-to-make-you-happier305