We’ve all heard the saying, “money can’t buy happiness,” and we believe this to be true, but we also know that how you manage and spend your money can have a profound impact on your life and overall happiness.

Sure, material things can bring us a sense of happiness. However, this happiness can be fleeting, because there’s always something new to acquire. 

According to a recent study published in Proceedings of the National Academy of Sciences, switching from spending money on material possessions, like phones, TVs and shoes, to spending money on time-saving services can actually make us feel happier.

We're not entirely surprised, as we know first-hand that between work, family, and life, time can be a precious resource.

Think of time-saving services as one way to buy back time, so you can focus on what you love. As long as the expense works within your budget and financial goals, you can feel good knowing your spending is working towards your well-being. 

Consider investing in yourself by spending on these time-saving services:

  • House Cleaning
  • Meal Delivery
  • Ride-Sharing Apps
  • Lawn Care
  • Tutors

 

The information mentioned in this article is for informational purposes only, is intended to provide general guidance and does not constitute legal or professional advice. You should seek the advice of a professional advisor and/or legal counsel to address your specific needs regarding the issues related to your situation. Banco Popular North America does not make any representations or warranties as to the content contained herein and disclaims any and all liability resulting from any use of or reliance on such content.