5 ways to spend money on your happiness
Last updated November 13, 2025
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Can money buy happiness? It depends. According to our research, the mind, body, and wallet® are all interconnected, and finances impact overall well-being more than physical or emotional health.1 By being proactive and building financial habits, you can help increase your well-being no matter your salary.
So, here are five ways you can spend your money to help maximize your happiness.
Buy experiences
It’s a no-brainer. Spending quality time with family and friends can greatly increase your happiness. Experiences often provide more happiness than things because you can share them, making you more likely to feel connected to others. Instead of buying material goods you don’t need, plan a day trip with your family or attend a pasta-making class with some friends.
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Treat yourself (sometimes)
Steering a steady financial course may require some discipline but that doesn’t mean you can’t ever reward yourself with an occasional treat. Just be careful not to indulge too frequently, as it may derail your expectations and happiness. Routinely setting aside money to create a splurge fund (a designated pool of money for fun purchases) within your means is a great way to make sure you get the joy of an experience or gift without getting into trouble.
Gift it away
Treating yourself is a great reward, but spending money on others can boost your happiness too. Consider buying gifts for loved ones or donating to charity.
Invest in your well-being
Financial, emotional, and physical wellness are all closely related.2 This means that spending to make sure your mental and physical wellness are taken care of can be a good investment in yourself. Whether it’s looking into therapy or spending on fitness programs you enjoy, make sure you’re taking care of both your mental and physical wellness as part of your overall well-being.
Ask for help
Freedom from worry may be the biggest gift you can give yourself and your loved ones. Working with a financial professional can help lead to higher retirement readiness and confidence.3
Now you can get started on crafting a plan to incorporate these healthy spending habits into your life. While happiness may not sit on a store shelf with a price tag, these five tips can help make your days a little brighter.