The 7 Money Mantras Experts Live By

Jack Otter, executive editor at CBS MoneyWatch.com and author of Worth It...Not Worth It?: Simple & Profitable Answers to Life's Tough Financial Questions, says that very few people look back on their lives and regret the things they didn't purchase. Behavioral economists have found you get a lot more pleasure from buying experiences (i.e., a week at the beach) versus buying stuff (like that couch); the memory gets even rosier over time.