How to get your money to buy you happiness


How to get your money to buy you happiness

“Money can’t buy you happiness,” or so the saying goes. It goes without saying that money is an unbelievably important facet to all of our lives. But, is it also the key to being happy? For a lot of people, financial anxiety dominates lives, and you’re often left feeling like you’d just be a lot happier if you had more money. However, is it the be-all-end-all secret to happiness, in short - no, but it’s a little bit more complicated than that.

Want vs necessity

We all have a hierarchy of needs, and this can vary for a lot of people. Before everything else, you’ve just got to look at what necessities you have in your life. Rent, food, bills - that sort of thing, if you’ve got all of those covered, you can turn yourself to some of life’s luxuries. Maybe you want one of those snazzy iPhones, new shoes, or something else that makes you feel happy.

Experience vs expense

It’s sometimes best to think about your expenses against the type of experience you will have when buying something. Will spending a day out bowling and cooking food at home give you more than sitting around at home and getting an expensive takeaway? It’s important to take note, and invest in your own experiences with yourself and other people in order to determine whether something is really worth it for you.

Treat yourself

While it can be nice to have all your basics covered, you deserve to treat yourself once in a while, but that doesn’t necessarily mean that you need to spend loads of money on one thing - sometimes treating yourself can be as little as getting yourself a fancy coffee once a week. It all adds up to sprucing up your day and makes living your life that little bit better. Remember, this is something for you, and you alone! It can be as simple as dedicating an hour a week for a fancy bath.

Balance anxiety

We’ve all been guilty of neglecting to look at our bank account, and that usually spells some bad news for our bank accounts, and our emotional well-being. No matter where you stand, it is always best to make sure that you check in on your bank balance regularly, no matter how scary it seems. Rumination on the fact that you may have overspent is likely to be a lot worse than the reality. With the Balance+ App, you will be able to keep tabs on your finances no matter where you go. Emotional well-being is often tied to financial well-being, and staying on top of your spending is the first step to taking back control, and making spending money enjoyable again.

Plan big spends

We are emotional spenders, and tend to make our purchases based on emotion rather than logic. One good way of “unlocking” a bit more potential when it comes to making big spends is to plan them in advance. Whether you’ve got your eye on a holiday or a swanky new telly, it goes a long way in making sure that you are able to evenly spread the cost of the expensive purchase, before you make it! Think of it like financing working in reverse, if you pocketed £50 a month anyway financing the purchase, why not do it beforehand and make the purchase later?