Recent research into the age-old question “Can Money Buy Happiness?” has resulted in some intriguing results. There is now empirical support linking several specific financial strategies to increased happiness and life satisfaction. These suggestions include delaying gratification, savoring positive purchase memories, making purchases that satisfy needs as opposed to desires, purchasing life experiences as opposed to material objects, and, ultimately, spending money in ways that increase psychological need satisfaction as well as in ways that are central to the self.
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