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Saving money makes you happy

saving money makes you happy

The argument over whether you should invest or pay off debt usually focuses on financial numbers, such as rates of return and interest charges. Maybe happiness should be part of the equation as makee. Studies in several countries, including the U. Happiness with our money situation tends to rise with age, even though our income peaks in midlife and then generally declines. Why is that? Further studies show that what we own and what we owe make a difference. One study of 3, U. Fair .

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Money is one of the most important components of a happy and successful life! The truth is, money comes in your life to be stored away and not to be abused! As you start to save money, you feel optimistic and get motivated to save more. Also with the more you save, the more financial strength you have. They suffer from insecurity and financial anxiety. They are scared to make costly decisions and brainstorm too much before planning something big! The last thing you really want to do is walking down the wrong roads because of financial instability! That too when you know you could have done enough savings to make you feel happy and could have led a stable life!

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How saving money makes you happier: (Psychological view)

The economic downturn has many military families feeling stressed about their finances. But there is a silver lining to this economic turmoil: Consumers rediscovered how to save and that’s one of the single most important things you can do to regain control of your finances and reduce financial stress. You may think «I can’t afford to save right now. But, saving money creates an emotional lift. Having a plan and being diligent in your approach to savings and paying down debt provides a sense of control in an economy that seems out of control. Additionally, watching the numbers on your savings account go up — even in small increments — provides a sense of accomplishment. If you feel emotionally stressed about the current economy or your personal financial situation, start by taking a few small steps to increase your savings. Try planning menus around grocery store sales, taking advantage of your local library for movies and books, and cutting back spending on services you can do yourself. Are you actually reading the magazines you’re getting? If not, cancel your subscriptions. Make cost-cutting a game. Keep a monthly total of what you’ve saved and start tucking it away. To ensure that you spend less money than you make you have to take the time to track expenses.

Happy Friday everyone! I hope you had an awesome week. Today, I just wanted to ask you, my readers, a simple question. Does saving money make you happy? Well, does it? I found a simple, yet effective infographic from Ally Bank that asked this same question to a nationwide sample of people. The results are not too shocking, but it shows how savers think. That makes some sense.

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And it seems that the more money you save the happier you are. Account icon An icon in the shape of a person’s head and shoulders. It often indicates a user profile. Login Subscribe. My Account. World globe An icon of the world globe, indicating different international options. More Button Icon Circle with three vertical dots. It indicates a way to see more nav menu items inside the site menu by triggering the side menu to open and close.


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Barclays report suggests ‘be more Swedish’ to value things that matter. The authors suggest adopting the Nordic philosophy behind Lagom — the art of balanced living, shunning extravagance and focusing on things that really matter. No matter what the amount, it will build to jou you that peace of mind that you have something set aside for a rainy day, and move you closer to your goals. Less than one in 20 said their personal wealth wasat or greater than that level. The majority mqkes per cent of Scots are already in the saving habit, and put away on average a tenth It is certainly clear from the new report from Barclays that, when it comes to our finances, living a little more lagom can genuinely improve our overall life satisfaction. It helps you to achieve a key life moment or personal ambition so, in fact, wealth should be seen as relative to your lifestyle and your goals. By insider. If I had a little money… it wouldn’t make me half as happy as Swedish pop band Abba Sign up to FREE daily email alerts from businessInsider — Daily Subscribe We will use your email address only for sending you newsletters.

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