Does Money Really Make You Happy? - By: Selina

Since my first allowance was doled out, I've were built with a complicated relationship with money. I'm pretty grounded, but the impulse to invest frivolously often wins out. Mostly I grab last- minute items in the check-out, splurge on over-the-top outfits, or buy extravagant gifts for family and friends. None of those purchases resulted in financial ruin, however they are available having a high price tag of letdown and regret.

"Shouldn't I've saved the money?" I ask myself, particularly with a college-aged son within the picture. "Or because of the money to a worthy charity? Or bought something more practical our family could really use?" When I run this dilemma by my friends -- more flush than others -- they agree cash is a troublesome business and spend though we do, it does not buy happiness.

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Yet based on the latest research, that could 't be true. New studies show money not just includes a powerful effect on our minds -- however it can make us happy. Here's the key: It isn't just how much we now have (there is merely a small correlation between wealth and happiness, accounting for about 1% of the happiness reported in surveys) but exactly how we spend it. For example, studies show the excitement on the shiny new car, the most recent gadget, or a new piece of clothing, is short-lived. "Taking a trip provides more durable satisfaction," suggests Daniel Gilbert, Ph.D, Harvard professor and author of "Stumbling on Happiness."

So, exactly what does offer us happiness? Here are a few proven tips:

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Arrange a normal lunch or dinner out with friends. A sizable survey through the University of Chicago National Opinion Research Center finds those with five or even more close friends are 50 percent more prone to describe themselves as "happy."

Go on an excellent vacation. "Experiences blossom instead of diminish as you recall them," says Barry Schwartz, Ph.D. "Next time you think that arranging a vacation isn't worth the trouble or cost -- factor in the delayed happiness quotient."

Purchase lessons that challenge you. Try piano, golf, tennis, or dance. "We??re far happier when we??re working toward an objective when we reach one," says Harvard psychology professor Carol Kauffman.

Consider obtaining a dog or cat. Research has shown pets raise endorphin levels, and owners report being happier compared to those with no four-legged companion.

Spend money on a journal you like. Keeping a gratitude list, writing down affirmations, exploring your ideas, all reduce stress and help focus you focus what matters.

Buy memorabilia. Souvenirs or something that reminds you of your youth -- a T-shirt with a picture of your favorite band, for example -- are powerful mood boosters.

Get a backyard grill or buy fireplace. Creating a space where friends, relatives and neighbors can unwind will give you endless pleasure.

Choose time over money. Studies show cutting back the hours you're employed will make you happier, and sometimes it means less pay.

Splurge on fresh flowers. A Rutgers University study linked being around flowers to greater happiness and over-all life satisfaction.

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