The first time I got groceries delivered to my house, I felt so lazy and guilty. Who did I think I was? I felt like such a diva for having someone else pick up eggs and milk.
But when that delivery arrived, the guilt was replaced by glee. Grocery shopping is my most hated chore. It takes me forever and I come home miserable every time. By ordering my groceries, I got 90 minutes back for myself and I didn’t have to deal with the stress of heading to the store.
Before you write me off as a spoiled millennial, research shows I might be onto something. A 2017 study from the Proceedings of the National Academy of Science (PNAS) found that money does, in fact, buy happiness — but only if you spend your hard-earned cash in one particular way.
How money could boost your happiness
Between smartphones, email, and social media, we’re never really disconnected from work. There are so many demands on our schedule that it’s hard to carve out time to spend with your family or relax on your own. Having so much to handle can make you feel stressed, which can cause or exacerbate issues like feeling unsatisfied with your life.
That sounds pretty dire, but after surveying over 6,000 people in the United States, Canada, Denmark, and the Netherlands, the PNAS study’s researchers found one possible solution.
They asked participants a few questions: whether they spend money on outsourcing tasks and, if so, how much they spend and how they would rate their satisfaction with life.
The researchers discovered that those who spend their money on time-saving services or devices reported more happiness than someone who purchased material objects, such as clothes.
Regardless of income, hours worked each week, marital status, or the number of children, families who outsourced chores like cooking or cleaning had higher levels of satisfaction with life.
However, there are limits to this theory. Researchers also found that if people outsourced too many tasks, their happiness decreased, potentially because it made them feel like they couldn’t handle normal chores. And, if you stretch your budget too thin after paying people to do small chores, it could lead to financial-related stress.
How to buy time (on a budget)
You might have seen this popular saying floating around on social media: “You have just as many hours in a day as Beyonce.” It’s a catchy motivational phrase, but it’s not accurate.
Beyonce has an army of assistants and staff who help her manage her business and household, which frees up more time for her to focus on what she wants. You, on the other hand, are an army of one.
In a perfect world, you could hire a private chef, a full-time housekeeper, and a chauffeur so you could nap on your way to work. Unfortunately, that’s not a world most of us live in. However, that doesn’t mean you have to miss out on the perks of outsourcing.
You can experience greater satisfaction by getting help for just one or two small chores. If your budget doesn’t allow you to hire help, you can still reap the benefits in other ways. Even a minor change, such as paying the toll for the faster route to work rather than using the main highway, can make a significant difference.
Getting some time back for leisure or just to give you more breathing room in your schedule can be more rewarding than buying a new Lexus or upgrading your countertops.
Here are six relatively inexpensive splurges that can give you more free time — and more happiness:
- Grocery delivery: If you’re like me and hate grocery shopping with a passion, a service like Shipt can be life-changing. There is an annual fee and items are slightly more expensive than you would pay if you were shopping for yourself, but I’ve found it’s well worth the premium.
- Laundry service: If you’re losing the battle of the laundry basket, it might be time to outsource. Services like Laundry Care have someone pick up your dirty clothes or linens, wash them, fold them, and deliver them to you sparkling clean.
- Dinner delivery: After a long day at work or a full list of errands, the last thing you want to do is figure out dinner. With apps like UberEats or meal-kit services like Blue Apron, you can get your favorite meals delivered directly to your door.
- Housekeeping: If you just can’t keep to your cleaning schedule, hiring an occasional or weekly housekeeper can be prudent. The cleaner comes in, works miracles while you’re at work, and you come home to a neat home.
- Lawn maintenance: Spending weekends tending to the lawn is a pain. Hiring a lawn maintenance company — or a neighborhood kid looking to earn money — lets you spend your weekends doing what you love.
- Home repairs: If you own a home, you likely have a lengthy to-do list of chores you’ve meant to do, such as installing a new towel rod or touching up the paint in the kitchen. Rather than have that list keep growing, hire a skilled handyman to come out and handle it for you.
Using your time wisely
Before you feel bad about outsourcing regular tasks or chores, consider the sanity-saving perks that could come along with it. As long as you spend only what you can truly afford, you could boost your happiness and spend more of your day doing what you enjoy.
By shifting your most time-consuming and hated chores to someone else, you can free up more time for what you enjoy doing. If that means binging “Game of Thrones” (again), so be it.
Interested in refinancing student loans?Here are the top 6 lenders of 2018!
|Lender||Variable APR||Eligible Degrees|
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1 Important Disclosures for Earnest.
To qualify, you must be a U.S. citizen or possess a 10-year (non-conditional) Permanent Resident Card, reside in a state Earnest lends in, and satisfy our minimum eligibility criteria. You may find more information on loan eligibility here: https://www.earnest.com/eligibility. Not all applicants will be approved for a loan, and not all applicants will qualify for the lowest rate. Approval and interest rate depend on the review of a complete application.
Earnest fixed rate loan rates range from 3.89% APR (with Auto Pay) to 6.97% APR (with Auto Pay). Variable rate loan rates range from 2.47% APR (with Auto Pay) to 6.30% APR (with Auto Pay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms 10 years or less. For loan terms of 10 years to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 1.82% and 5.50% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of Month/Day/Year, and are subject to change based on market conditions and borrower eligibility.
Auto Pay discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.
The information provided on this page is updated as of 08/21/18. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice. Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 302 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit https://www.earnest.com/terms-of-service, email us at firstname.lastname@example.org, or call 888-601-2801 for more information on ourstudent loan refinance product.
© 2018 Earnest LLC. All rights reserved. Earnest LLC and its subsidiaries, including Earnest Operations LLC, are not sponsored by or agencies of the United States of America.
2 Important Disclosures for Laurel Road.
Laurel Road Disclosures
APR stands for “Annual Percentage Rate.” Rates listed include a 0.25% EFT discount, for automatic payments made from a checking or savings account. Interest rates as of 11/8/2018. Rates subject to change.
Variable rate options consist of a range from 3.27% per year to 6.09% per year for a 5-year term, 4.64% per year to 6.14% per year for a 7-year term, 4.69% per year to 6.19% per year for a 10-year term, 4.94% per year to 6.44% per year for a 15-year term, or 5.19% per year to 6.69% per year for a 20-year term, with no origination fees. APR is subject to increase after consummation. The variable interest rate will change on the first day of every month (“Change Date”) if the Current Index changes. The variable interest rates are based on a Current Index, which is the 1-month London Interbank Offered Rate (LIBOR) (currency in US dollars), as published on The Wall Street Journal’s website. The variable interest rates and Annual Percentage Rate (APR) will increase or decrease when the 1-month LIBOR index changes. The variable interest rates are calculated by adding a margin ranging from 0.98% to 3.80% for the 5-year term loan, 2.35% to 3.85% for the 7-year term loan, 2.40% to 3.90% for the 10-year term loan, 2.65% to 4.15% for the 15-year term loan, and 2.90% to 4.40% for the 20-year term loan, respectively, to the 1-month LIBOR index published on the 25th day of each month immediately preceding each “Change Date,” as defined above, rounded to two decimal places, with no origination fees. If the 25th day of the month is not a business day or is a US federal holiday, the reference date will be the most recent date preceding the 25th day of the month that is a business day. The monthly payment for a sample $10,000 loan at a range of 3.27% per year to 6.09% per year for a 5-year term would be from $180.89 to $193.75. The monthly payment for a sample $10,000 loan at a range of 4.64% per year to 6.14% per year for a 7-year term would be from $139.65 to $146.76. The monthly payment for a sample $10,000 loan at a range of 4.69% per year to 6.19% per year for a 10-year term would be from $104.56 to $111.98. The monthly payment for a sample $10,000 loan at a range of 4.94% per year to 6.44% per year for a 15-year term would be from $78.77 to $86.78. The monthly payment for a sample $10,000 loan at a range of 5.19% per year to 6.69% per year for a 20-year term would be from $67.05 to $75.68.
However, if the borrower chooses to make monthly payments automatically by electronic funds transfer (EFT) from a bank account, the variable rate will decrease by 0.25%, and will increase back up to the regular variable interest rate described in the preceding paragraph if the borrower stops making (or we stop accepting) monthly payments automatically by EFT from the designated borrower’s bank account.
3 Important Disclosures for SoFi.
4 Important Disclosures for LendKey.
Refinancing via LendKey.com is only available for applicants with qualified private education loans from an eligible institution. Loans that were used for exam preparation classes, including, but not limited to, loans for LSAT, MCAT, GMAT, and GRE preparation, are not eligible for refinancing with a lender via LendKey.com. If you currently have any of these exam preparation loans, you should not include them in an application to refinance your student loans on this website. Applicants must be either U.S. citizens or Permanent Residents in an eligible state to qualify for a loan. Certain membership requirements (including the opening of a share account and any applicable association fees in connection with membership) may apply in the event that an applicant wishes to accept a loan offer from a credit union lender. Lenders participating on LendKey.com reserve the right to modify or discontinue the products, terms, and benefits offered on this website at any time without notice. LendKey Technologies, Inc. is not affiliated with, nor does it endorse, any educational institution.
5 Important Disclosures for CommonBond.
Offered terms are subject to change. Loans are offered by CommonBond Lending, LLC (NMLS # 1175900). If you are approved for a loan, the interest rate offered will depend on your credit profile, your application, the loan term selected and will be within the ranges of rates shown.
All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on a 1-month LIBOR assumption of 2.28% effective October 10, 2018.
6 Important Disclosures for Citizens Bank.
Citizens Bank Disclosures
|2.47% – 6.99%3||Undergrad & Graduate|
|2.47% – 6.30%1||Undergrad & Graduate|
|2.51% – 8.09%4||Undergrad & Graduate|
|3.02% – 6.44%2||Undergrad & Graduate|
|2.69% – 7.21%5||Undergrad & Graduate|
|2.79% – 8.39%6||Undergrad & Graduate|