been had money v. happiness debate.
Money vs. Happiness is really an everlasting debate lol. They all say that spending money will lead to spending more when it comes to a 'want' consumer base instead of a 'need' consumer base. For example one of the articles brought up a situation demonstrating how spending leads to more spending, while being left satisfied only temporarily.
"Even though stuff seldom brings you the satisfaction you expect, you keep returning to the mall and the car dealership in search of more. "When you imagine how much you're going to enjoy a Porsche, what you're imagining is the day you get it," says Gilbert. When your new car loses its ability to make your heart go pitter-patter, he says, you tend to draw the wrong conclusions. Instead of questioning the notion that you can buy happiness on the car lot, you begin to question your choice of car. So you pin your hopes on a new BMW, only to be disappointed again." (from the article off CNN Money)
Although, according to the Gallop pole in the NYTimes article 90% of people with a salary of $250k said they were very happy while only 42% claimed to be very happy with a less than $30k salary. I am somewhat confused though since an AP pole contradicts the Gallop pole claiming that only 48% with a salary of $90k+ are happy.
Anyways, to me, this is a very interesting subject matter. By reading these articles I can tell by experience that buying most of the time leads to wanting the next upgrade. Although, a lot of times I find my self content with what i have lol.
Even though I don't splurge much, after researching this question and reading these articles I have opened up a new perspective on money and what to spend it on.
Some of the articles i read are below.