WEBVTT - How will this affect my time?

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<v Speaker 1>Welcome to Before Breakfast, a production of I Heart Radio.

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<v Speaker 1>Good Morning, This is Laura. Welcome to the Before Breakfast podcast.

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<v Speaker 1>Today's tip is to consider how any expense will affect

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<v Speaker 1>how you spend your time. This tip comes from Elizabeth

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<v Speaker 1>Dunn and Michael Norton's book Happy Money, The Science of

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<v Speaker 1>Happier Spending. Donne and Norton are perhaps best known for

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<v Speaker 1>their recommendation that buying experiences often contributes more to our

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<v Speaker 1>happiness than buying stuff. Their book has lots of advice

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<v Speaker 1>on how to spend money in ways that boost our happiness.

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<v Speaker 1>We'll explore a handful of them in episodes this week.

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<v Speaker 1>Today's tip is this before spending money. Done and Norton

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<v Speaker 1>advise asking yourself, how will this purchase change the way

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<v Speaker 1>I use my time? Generally speaking, we want to have

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<v Speaker 1>more enjoyable experiences and fewer unpleasant ones. We want more

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<v Speaker 1>time having brunch with friends and less time cleaning toilets.

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<v Speaker 1>Done in Norton right, time and money are frequently interchangeable,

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<v Speaker 1>so one way to spend money well is to buy

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<v Speaker 1>back time from unpleasant experiences so we can do more

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<v Speaker 1>of what we want. This could mean springing for the

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<v Speaker 1>more expensive plane ticket to buy yourself more time on

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<v Speaker 1>the beach and less time in the airport. It could

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<v Speaker 1>mean paying for grocery delivery so you don't spend your

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<v Speaker 1>Saturday at a crowded grocery store. Take a minute to

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<v Speaker 1>think about the unpleasant experiences you have in a typical week.

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<v Speaker 1>Which of them could be changed. Whether it's getting a

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<v Speaker 1>room ba because you hate vacuuming, or maybe even hiring

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<v Speaker 1>a sitter so you can skip the bedtime battles twice

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<v Speaker 1>a week, These purchases can change the way we use

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<v Speaker 1>time in a way that boosts happiness. We can ask

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<v Speaker 1>this question when purchasing tangible items too. Done and Norton

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<v Speaker 1>offer the example of mattresses. You're going to spend your

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<v Speaker 1>time the same way no matter what mattress you buy.

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<v Speaker 1>That is, you will be sleeping, So they say, don't

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<v Speaker 1>be too influenced by things like price. Well, I guess

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<v Speaker 1>unless a mastress hurts your back, that would be buying misery. Now,

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<v Speaker 1>of course, we're not always accurate and how we think

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<v Speaker 1>spending money will affect our time. Done and Norton advised

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<v Speaker 1>caution about purchases that you imagine will add happy meaningful

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<v Speaker 1>experiences to your life, but that come with extra chores

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<v Speaker 1>or that the typical user doesn't really use all that much.

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<v Speaker 1>For example, you might imagine a backyard pool is a

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<v Speaker 1>fun filled gathering place for people you love spending time with,

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<v Speaker 1>without considering the added chores that a pool brings. Or

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<v Speaker 1>you might imagine a big screen TV is bringing together

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<v Speaker 1>all your buddies to watch the game and have a

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<v Speaker 1>great time together, without really thinking that you'll end up

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<v Speaker 1>watching the screen alone much more often than you'll throwing parties.

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<v Speaker 1>I can think of plenty of purchases though, that will

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<v Speaker 1>change how you spend your time without adding chores. A

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<v Speaker 1>patio heater, for instance, will allow you to sit outdoors

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<v Speaker 1>comfortably longer into cold weather. All you really need to

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<v Speaker 1>do is turn it on. The happiness payoff is more clear,

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<v Speaker 1>so as you consider spending money on yourself or your

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<v Speaker 1>loved ones, ask yourself done in Norton's question, how will

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<v Speaker 1>this purchase change the use of time? Aim for spending

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<v Speaker 1>our purchases that increase happy, meaningful time and decrease unpleasant

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<v Speaker 1>or insignificant uses of time. Happy money has done in Norton,

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<v Speaker 1>call it and happy people are what we're aiming for

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<v Speaker 1>In the meantime, this is Laura. Thanks for listening and

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<v Speaker 1>here's to making the most of our time. Hey, everybody,

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<v Speaker 1>I'd love to hear from you. You can send me

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<v Speaker 1>your tips, your questions, or anything else. Just connect with

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<v Speaker 1>me on Twitter, Facebook and Instagram at Before Breakfast Pod.

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<v Speaker 1>That's b E the number four, then Breakfast p o D.

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<v Speaker 1>You can also shoot me an email at Before Breakfast

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<v Speaker 1>podcast at i heeart media dot com that Before Breakfast

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<v Speaker 1>is spelled out with all the letters. Thanks so much,

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<v Speaker 1>I look forward to staying in touch. Before Breakfast is

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<v Speaker 1>a production of I Heart Radio. For more podcasts from

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<v Speaker 1>I heart Radio, visit the I heart Radio app, Apple Podcasts,

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<v Speaker 1>or wherever you listen to your favorite shows.