We want to state that happiness can’t be bought with money, but this has certain limitations, yes, that’s true.
In the plethora of cases, having more money isn’t the key to stay happy. A recent research points towards the fact that almost every individual in the US reaches a phase in life where the income is maxed out for the happiness (it varies from state to state).
However, as much as we would want to believe that it isn’t the money which makes us feel happy, the reality shows a different picture. Yes, it is true that the financial situation of a person can actually influence the level of your happiness.
Not convinced yet?
Well, before you claim that money doesn’t matter, take a look at the following. Who knows this might change your perception.
Fiscal Security Equals to Happiness
Maybe you’ll say that you don’t need to have an exaggerated lifestyle to be happy. But, this doesn’t change the fact that money has nothing to do with happiness. Financial security can have a lot to relate with how glad you feel.
According to the survey from AARP, more than 35 percent of respondents are positive about financial security being a contributor to happiness. In addition to this, financial security (or lack thereof) is recognized as one of the primary reasons that the myriad of people are unable to prioritize their lives in accordance with their needs and requirements.
Financial security is a big deal due to its ability to ease stress and anxiety. Providing for your fundamental needs, without any hassle about making ends meet every month surely is a big deal. It really matters when it comes to your relationships and also in other aspects of your life. You’ll feel worried all the time without the financial security, and this can possibly lead you to snap at your partner or your children, damaging your relationships.
So, while having a huge sum of money isn’t likely to all of a sudden bring you joy, the pure reality is that money does matter. You need to have a decent level of financial security if you want to gain more basic happiness in your life.
Additional Options Equals to More Satisfaction
One of the realities of life is that we tend to feel more satisfied when there are more choices. A person with financial freedom carries more options as compared to the one without that same freedom. If you think that you need a lot of money to feel satisfied with your life, then you’re wrong. Having enough money to mostly do what you want is the answer.
Even though many of us feel that we don’t need enough money to pursue everything. However, having the money to carry on what we want can definitely be a dominant thing. And, let’s face the truth. If you spend all of your money to pay monthly responsibilities, including the interest on your debt, then it’s tough to feel the warmth of satisfaction in your life. You feel stuck all the time, meeting obligations while having the inability to spend on what you would rather spend on.
In case you don’t have any debt, your situation is still cumbersome enough to leave you without choices. If your hard-earned money goes towards the bills and the basics of survival, and there’s nothing left to spend on things that you consider amusing or pleasing, then it is hard to feel satisfied. A few extra dollars to allow you to enjoy can make a huge difference in life.
Choices also work in other ways. For instance, you are in a position where you can choose to pay $50 or $100 extra for a plane that leaves at a more suitable time. You don’t need to face the red-eye if you don’t want to. You can also afford to stay in a nice hotel if you want to. While this doesn’t fall under the category of amazing happiness, but it still offers the choices that are satisfying. Many of us feel more in the zone of satisfaction when we know that we have the facility to choose between three to four options.
All in all, it is vital to acknowledge the fact that money can prove to be impactful when it comes to your happiness. Though, it’s not everything. But, without money, and without the options it grants, life can swing towards disappointment and unhappiness.
This initiates the idea of keeping your finances in accordance with your debt so that you can accomplish more using your money while finding more happiness. Choose financial consulting services for debt settlement wisely, live well.