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Thread: One surprising way money can buy happiness, according to scientists

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    Veteran Member Southern Dad's Avatar
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    One surprising way money can buy happiness, according to scientists

    I am quite capable of pressing my own clothing. I've got the washer/dryer and iron. I know how to do it. So why do I send them out to be laundered and pressed? Simple it is worth the small amount charged to not spend that amount of time doing the task. When I read this article, I thought about how great of a campaign this would be to sell things like maid service. How many other tasks would I like to outsource to someone else to get that time back?

    One surprising way money can buy happiness, according to scientists

    If you were given $40 on the condition that you had to spend it on something that would make you really happy, what would you do with the money? Some people might go shopping, others would treat themselves to dinner or a movie, a few might even donate to cause. But what about using that $40 to "buy" yourself more free time?

    According to a study published Monday in the journal PNAS, people who buy time by paying someone to complete household tasks are more satisfied with life. And it’s not just wealthy people. Across a range of incomes, careers and countries, timesaving purchases were correlated with less time-related stress and more positive feelings.

    Yet the researchers’ surveys showed that very few individuals think to spend money in this way.

    https://www.washingtonpost.com/news/...=.a2878b48bea1

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    Established Member NeoVsMatrix's Avatar
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    On a small scale.. maybe.

    When looking into reality, those with enough money to outsource any and ALL those tasks they don't like to do by themselves.. the high profile celebrities, hedge funds managers, ultra rich people... are they more happy ? Does money then again " buy happiness" ?

    I don't think so, as many examples of an extreme amount of free cash very often leads to boredom, drug abuse, alcoholism.. etc.

    Having an hour extra in a day might be something highly valuable for a hard working middle class person.. those who can create as much spare time as they want, because of the money they have.. often tend to get bored, and to not know what to do with themselves, how to get "excitement", or happiness ?

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    Scucca Æthelfrith's Avatar
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    Quote Originally Posted by Southern Dad View Post
    I am quite capable of pressing my own clothing. I've got the washer/dryer and iron. I know how to do it. So why do I send them out to be laundered and pressed? Simple it is worth the small amount charged to not spend that amount of time doing the task. When I read this article, I thought about how great of a campaign this would be to sell things like maid service. How many other tasks would I like to outsource to someone else to get that time back?
    None for me. I gain utility from work (and that includes home production). I'm also not necessarily convinced by the survey. The search for 'efficiency' doesn't induce happiness (see, for example, how its been found to reduce utility from leisure pursuits). More likely to be a statistical bias issue?

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    Veteran Member Southern Dad's Avatar
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    After reading this story, I thought about the things that I pay to have done to avoid unproductive time. Is a maid coming one day per week worth $100? Someone who is just there to handle tasks for a couple hours a week?

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    Established Member NeoVsMatrix's Avatar
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    Quote Originally Posted by Southern Dad View Post
    After reading this story, I thought about the things that I pay to have done to avoid unproductive time. Is a maid coming one day per week worth $100? Someone who is just there to handle tasks for a couple hours a week?
    Noone can answer that question for you than yourself.

    Do you MAKE more money in those 2 hours / week, so that it makes economical sense ?

    Do you "enjoy" those 2 hours of free time to do something joyful, recreational, that brings you a personal value, that you otherwise would pay 100$+ for ?

    That's a very personal judgement, and cannot be answered generally.
    Thanks from Southern Dad

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    Veteran Member Pragmatist's Avatar
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    Quote Originally Posted by Southern Dad View Post
    I am quite capable of pressing my own clothing. I've got the washer/dryer and iron. I know how to do it. So why do I send them out to be laundered and pressed? Simple it is worth the small amount charged to not spend that amount of time doing the task. When I read this article, I thought about how great of a campaign this would be to sell things like maid service. How many other tasks would I like to outsource to someone else to get that time back?
    Those who say that money cannot buy you happiness don't know where to shop.
    Thanks from Southern Dad and Spookycolt

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    Moderator HCProf's Avatar
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    Quote Originally Posted by Southern Dad View Post
    After reading this story, I thought about the things that I pay to have done to avoid unproductive time. Is a maid coming one day per week worth $100? Someone who is just there to handle tasks for a couple hours a week?
    It is to me...I have someone come in every two weeks for a top to bottom. It frees up my time to work more. LOL It is nice to come home and find your whole house perfect and orderly. Money well spent...someone earns money and another can use the time better. I have had her for 10 years and she has a key to my house, for that level of trust, I pay her 20.00 an hour which includes a nice Christmas bonus every year. Tax free.
    Thanks from Southern Dad

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    Scucca Æthelfrith's Avatar
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    Quote Originally Posted by Pragmatist View Post
    Those who say that money cannot buy you happiness don't know where to shop.
    Try the Easterlin Paradox!

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