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Tag Archives: time is money

Money can make you happy if you know how to spend it!

The jury is still out but most agree that once your basic needs are met, every extra pound you earn has what’s known as a diminishing marginal utility. In other words, each additional pound you earn has less and less impact on your happiness. There’s a world of a difference between well-being and being well-off. A recent book called Happy Money by behavioural scientists Elizabeth Dunn and Michael Norton looks at the science of smarter spending. They argue that money can make you happy but only if you spend it …

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