[heinrichhartman]

Classic Paper on that Topic:

Dunn, Gilbert, Wilson - If Money Doesn't Make You Happy Then You Probably Aren't Spending It Right

https://scholar.harvard.edu/files/danielgilbert/files/if-mon...

TL;DR:

1. Buy experiences instead of things

2. Help others instead of yourself

3. Buy many small pleasures instead of a few big ones

4. Buy insurance that's worthwhile

5. Pay now and consume later

6. Think about what you're not thinking about

7. Follow the herd instead of your head (sometimes)

8. Beware of comparison shopping

[hiq]

For those who don't like the format of this pdf and have a way to access academic resources, a better-formatted pdf is available there (pay-walled):

https://www.sciencedirect.com/science/article/abs/pii/S10577...

From memory, 4. is "Buy Less Insurance", at least they suggest that most insurances we want are not worth it, is this what you meant?