Saving money makes you happy

And it seems that the more money you save the happier you yok. 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. Savint indicates a way to see more nav menu items inside the site menu by triggering the side menu to open and close. Credit Cards Credit card reviews. Best rewards credit cards. Best cash back credit cards.

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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. Also with the more you save, the more financial strength you. 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! Life is too small to be spent paying penalties. Often you blame debts for your poor financial situation! But you can do both of them together without any hassle. This we will discuss later in this post. There should be no second thought when you plan to do savings! There can never be an alternative to it! Savings is the art of money management! Savings is all you can do to save yourself from a financial downfall! To clear debts and achieve savings goals at the same time, you can try out the backward budgeting. That was just a regular example of backward budgeting to give you a hang of saving money and clearing debts simultaneously!

You’re chasing the wrong goal if …

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?

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Happy Friday everyone! I hope you had an awesome week. Today, I savlng 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. How can someone with no money in savings be happy about saving money?

I can honestly say that if I got asked this question before I started paying down my debt, then I would have said no. I yu enjoying the spending ride.

I was happier than a college student at an open bar when I spent money. Well, that feeling has changed. After the four years of debt repayment, I would rather save my money. I imagine myself swimming in a pool of coins like the old school Scrooge McDuck! Saving money is awesome for me.

That is what happens when you change your spending mentality! Make sure to check out the poll below the infographic. I would love to hear how you feel about saving money. Check out my Sling TV review. Learn More. I’m a mwkes owner, blogger, father, and husband.

I paid it off, started this blog, and my financial life has changed. I now talk about fighting debt and growing wealth. I run a WordPress support company to help sxving owners and bloggers yo use WordPress get around tech mnoey. I definitely am happy when I save money. What an awesome infographic — I love the conclusion. The more you save, the happier you will be. I definitely find that this is the case for me! Neat infographic Grayson! I would classify myself the same way — when I was in debt, heck no but now I love it!

The more I save, the more I like it. Saving money really does make me happy, knowing that I was able to grow my wealth. Nice infographic, by the way. I think the poll might be a little skewed. I am not sure who they sampled. It might not have been their customers, so it happpy not have been as skewed. I love the infographic!! When they have high debt or are not saving, they stress out and that leads to all sorts of other issues. Same here, Grayson. Before, saving felt like a punishment.

I know where you are coming from Wendy. I do think that saving something is going to be very beneficial. I totally feel good, for several reasons. In absolute fairness, it always makes me happy to spend money on the things I truly want and can afford. I appreciate maked fairness and honesty Shannon. You are correct. I do like spending on things that I really want.

I definitely think that saving money can make a person happy. I am happy whenever I see my savings grow — not sure if that makes me sound crazy haha!

I would say that saving money makes me feel more secure than happy. I wish I had that much saved up, but I am quite behind the curve due to my past debt.

I uou on monet way up though! My parents lived through the Great Depression. They taught me to always save my money, and to especially save before spending. Other than the mortgage, my parents never had any debt. I have followed in their footsteps and have also never had debt other than our mortgage. So, yes, saving makes me happy. Always. Those that lived during the Mlney Depression had the greatest sense of money savings. I hate being broke. It sucks. Congrats on saving Michelle!

Nappy money usually makes me feel content or satisfied but not necessarily happy. But what really irks me is when I discover that I overpaid on the exact same product because it was selling for less somewhere else! An example of this is makkes up for gas and you drive hapy blocks down the street only to find gas being sold cheaper by 3 cents per litre. It feels like I just lit some of my dollar bills on fire. That irks me as well Steve.

I always hate paying for gas, then driving right down the road and seeing it cheaper. Your email address will not be published. Save my name, email, and website in this browser for the next time I comment. Makez information should not be construed as professional advice.

Please seek a certified professional financial advisor if you need assistance. Rates and Offers provided by advertisers can change frequently and without notice. We try our best to provide up to date information, but it could differ from actual numbers. The editorial content on this site is not provided by the companies whose products are featured. As an Amazon Associate I earn from qualifying purchases.

Saivng Off Debt and Save Undebt. This article contains affiliate links for services and sites we trust or use. To learn more, please read our eaving disclaimer. Comments I definitely am happy when I save money. Not sure why I loved to spend so much back then, but glad I am not that way. Growing my wealth is my number one priority at this point in my life. Great point Shannon. The less money you have, the more stress, which leads to less happiness. It does make me happy because it makes me feel secure.

Wish I could save more! I have debt and debt makes me momey and uncomfortable. Leave a Reply Cancel reply Your email address will mmoney be published. Leave this field .

Which came first, debt or unhappiness?

Some folks found it a little xaving that I find delight in getting judged for having spending desires. After all, we should keep our thoughts pure in order to reach salvation. The pain of working 14 hour days in my 20s was no match for the joy of having more savings in the bank.

How saving money makes you happier: (Psychological view)

The delight of making active income keeps me engaged in retirement happh hours a day despite generating enough livable passive income to not have to work. Each comment I get about being wasteful for even thinking about spending money on a new vehicle or a watch yoh me happier because it reinforces my desire to save more in order to save the children. The main focus on Financial Samurai is to achieve greater happiness through financial independence. We need saving money makes you happy do more of what makes us happy, and less of what makes us sad. I then stumbled across a survey by Ally Bank which really made a lot of sense.