Spending money on others promotes happiness
As people getting more opportunities in corporate sector for earning money as regular salaries, they want to utilize their extra income in different ways. While some people prefer to save money for future, others invest it to enjoy dividend in coming times. However, a large number of people still don’t do any wealth management. They are just happy with spend their extra money on eating out, pubs, parties and shopping of a bucket full of things.
Apparently, change in fashion and technology is happening every day, making them bored soon about the latest gadget, appliance or apparel they bought recently. Once their account is credited with salary, they go on to buy next latest things available in the market. Is this idea of spending more money and buying more things without use really making them happy and content? Are not they living in an illusion of being happy with this immoderate spending?
Spending money on others promotes happiness
As per a study of University of California Berkeley conducted in 2008, how you spend your money is supposed to have same importance as how much money you earn. While people may be temporarily happy in buying things for themselves, spending more of your income on others is greater source of happiness. This and other studies found that those who spent money on other people experienced greater happiness. Not those who spent it on themselves.
Therefore, in order to be happy and satisfied in life, it’s not important how much things you have accumulated. For real happiness and life satisfaction, you must know how much you cared for sharing with others. That’s why happiness earned from spending your money on yourself is perishable. And lasting bliss comes when you spend earnings on other people. Here, we have listed a few reasons why spending money on other people is a good idea.
Why to spend your income on others
Strengthening social ties: By spending money and time on others, you get strong bonding with people. They realize that how much you care for them, and they are more important than your money for you. Similarly, those people also become closer and dearer to you in your life.
Spending quality time: It’s not just you are spending money on right people, but also that you are spending quality time with them. Whether you throw a small party for them or take them on an adventure tour, you make memories. You are making these memories are for lifetime.
Not feeling lonely: With strengthening your social bonding, you no longer feel lonely in life. Most of the time when you are free from your work, you have people you love to talk with. They also start giving you more importance, and don’t want to leave you lonely any more.
More reasons to spend money on people
Sense of responsibility: As you organize or sponsor a small or big event for other people, you feel a sense of responsibility. You want everything to go well at the occasion, and people should not feel anything missing there. Your priority becomes to keep them all happy.
More self-dependence: You, yourself, are the sponsor of these experiences that you are sharing with others. There is no reason to look for others for financial or other matters regarding any such occasion. You get the feeling of being self-dependent and owner of these activities.
Self-esteem booster: Once you start investing in not only yours but also others’ emotions, you tend to be feeling more secure in life. Increasing engagements with people not only reduces insecurity but also enhances self-esteem. You feel important and proud for spreading happiness.
