Why Counting Money Can Make You Happier
We all know money buys luxuries like sports cars and Manolo Blahniks, necessities like groceries, and intangibles like preferential treatment. (When was the last time Donald Trump waited in line for anything?) Now there is evidence that just counting money can produce valuable psychological benefits. According to a new study published in the journal Psychological Science, thumbing through your cash can reduce emotional and physical pain as well as increase feelings of internal strength, fearlessness and confidence. The study also finds that there is an equally true flip side to this coin: When people are reminded of their recent spending, they report higher levels of both psychological and physical distress.
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July 29th, 2009 at 1:48 am
Great observation!!
Thanks for sharing.