People Who Have More Spare Time Are Overall Happier Study Finds.

A recent study has found that spending money to free up time to spend doing the things you love leads to increased happiness, such as getting a professional cleaning service to clean your house or your business.

Participants reported greater feelings of happiness when spending money on chores such as cleaning and ironing, rather than when they spent it on material goods.

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Psychologists tested whether money can increase happiness levels by freeing up time.

More than 6,000 adults, including 800 millionaires, were asked questions about how much money they spent on buying more time.The results found that less than a third of individuals spent money to buy themselves time each month with those who did reporting a greater quality of life and life satisfaction compared to the others.

Psychologists found that stress levels, anxiety and insomnia and low feelings of well-being were brought on with time poor participants.

"In a series of surveys we find that people who spend money to buy themselves more free time are happier - that is they have a higher life satisfaction", said Dr. Elizabeth Dunn from the University of British Columbia, Canada.

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