Researchers have conducted a few studies and found three ways money can make you happy.

According to Business Insider, here are three ways money can buy you happiness, according to science.

  1. Spending money to do things, like going on a vacation.  Researchers at Cornell found that buying stuff only makes you happy in the short term, but paying for experiences can make you happier in the long term.
  2. Spending money to give yourself more free time.  For example, a study at Stanford found that paying for a housekeeper did make people happier, but only if they could afford it.  If it would make you stress out about money, it won't work.
  3. Spending money to pick up a check.  Researchers at the University of British Columbia found that even buying your friend a drink can put you in a better mood.

In general, spending money on others will make you happier than spending money on yourself.