” … my take home message is, ‘think about it, is there something you hate doing that fills you with dread and could you pay somebody else to do that for you?’ If so, then science says that’s a pretty good use of money.”
Prof. Elizabeth Dunn
Helen Briggs reports for the BBC on research, carried out by Prof. Elizabeth Dunn and colleagues, published in Proceedings of the National Academy of Sciences:
“Using money to free-up time is linked to increased happiness, a study says.
In an experiment, individuals reported greater happiness if they used £30 ($40) to save time – such as by paying for chores to be done – rather than spending the money on material goods.
Psychologists say stress over lack of time causes lower well-being and contributes to anxiety and insomnia.
Yet, they say even the very wealthy are often reluctant to pay people to do the jobs they dislike.
‘In a series of surveys we find that people who spend money to buy themselves more free time are happier – that is they have higher life satisfaction,’ said Dr Elizabeth Dunn, a psychologist professor at the University of British Columbia, Canada …”
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