6 ways that money can help improve happiness
It is true that money can’t bring happiness, but it can definitely help – despite what others may tell you. If you are constantly worrying about bills coming through the door, it can be highly detrimental to your health and self-esteem, which as a result – affects your levels of happiness. Money is necessary in life – we simply can’t survive without it, but finding true happiness is more about how you spend your money, rather than how much you have. These are some ways that money can help to improve happiness and why you should start taking better care of your finances.
1. Less stress
Money is one of the main reasons people feel stressed. It doesn’t mean that you will instantly be stress-free if you have more money, but it can significantly reduce your stress levels. If you don’t have the constant worry about how to pay your bills or the dread of the phone ringing, you can have a much easier and more peaceful life. Money may not completely eradicate your stress, but it can definitely help.
2. Spend on others
There is nothing nicer than treating a loved one to something nice and watching their faces as they receive it. This is one of the best feelings and it is one of the ways money can improve happiness. If you are the type of person who would rather give to others than receive, you will get a lot of satisfaction out of this. It may be that giving some money to charity would make you feel better, so this is an action you can take to increase your happiness or just simply taking a friend for a coffee can also improve levels of happiness. Spending money on others and allowing them to enjoy it, can have good, positive effects on your own well-being.
3. Travel the world
Experiences are often a lot more special than material things – but the best experiences require you to spend money. You can’t see the world and experience everything that life has to offer if you don’t have any cash to do it. You can choose to spend your money wisely if you have it and this includes making the most of all those incredible experiences. Money can bring about new opportunities – so while it doesn’t guarantee happiness, it can give you experiences which will improve your happiness.
4. More spare time
If you have money behind you, it can give you the chance to spend more time with your family. It can give you the opportunity to take more time off. For instance, if you have your own business. It may allow you to retire earlier than you would if you didn’t have the extra cash or it may be that the extra money can be used to buy a home which is closer to work, so you have more time with your family. Money offers freedom and if used in the right way, it can improve your family time and give you a better work/life balance.
5. Greater confidence
Financial problems can have a lot of negative effects on levels of self-confidence. If you can’t afford to pay your bills or you find yourself missing out on lots of nights out or weekends away, it can be really damaging to self-esteem. We live in a world where most of us like to get out and enjoy ourselves, experience new things and see the world. If you want to do these things and you can’t afford it, it can reduce levels of self-confidence. A better financial position can bring greater confidence, especially if you have earned your money through hard work.
6. Better relationships
Money problems are one of the main reasons couples divorce these days and with all the financial pressures, such as owning a home, having a car and basically keeping up with neighbours – a lack of finances can be a huge burden. If money isn’t an issue in your relationship, it obviously can’t ensure it will work out but it can help. Arguing about money is the last thing you want to be doing, you want to just be enjoying each other’s company. When you take this burden away, it is one less thing to cause problems and friction. A better financial situation can help improve relationships.