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This is Why Money “Can” Buy Happiness…Maybe

This is Why Money “Can” Buy Happiness…Maybe

“Love of money is the root of all evil.”

“The best things in life are free.”

“Money can’t buy happiness.”

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The list of goes on and on. But what if money actually could buy happiness? What if people started viewing money in a different light and began appreciating its purpose rather than fearing its lack? What if giving what you hope to get actually worked?  And what if maybe, just maybe, you bust out of your comfort zone, get a little radical and test-drive a few of these myth-busting slants for yourself? Do it. I triple dog dare you!

Notion #1: Spending money on someone else has the power to “turn that frown upside down.”

Try it if you don’t believe me. Next time you’re in line at your local coffee shop, for example, play philanthropist and pay for the person behind you. Their shock alone will be enough to bring a smile to your face. Not only that, your actions effectively set into motion the law of “what goes around comes around,” putting you next in line to be the receiver of a surprise gift. Even if it doesn’t come back to you in the form of a much-needed latte, you can always pull up that feeling of happiness you got from using your frown-reversal technique in the coffee shop.

Notion #2: Never underestimate the power of good hair.

Or nice clothes. Or a massage. Let’s face it, regardless of your gender, you know you want to put your best foot forward. Looking and feeling “fly” makes you confident, sexy and happy. Unless you’re getting the most amazing styles ever at the Great Clips, find a salon–or tailor or spa–that may cost a little more, but will make you look and feel your best. You are worth it, after all.

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Notion #3: Time is money, and spending money to have more time is a good use of both your time and money.

Look at it this way: you’ve been spending all of your after-work “free” time trying to paint the master bathroom, for example. You absolutely hate painting, and it’s pulling you away from your family, friends and fun.So hire a professional. Seriously. Think about the time, energy and, yes, even money, you’ll be saving by having someone who enjoys painting do your dirty work for you. Ahhh, yes, that’s the exhaling sound of money buying you peace and happiness.

Notion #4: Having money to pay your bills brings relief and makes room for a little more happiness in your day.

Dreading answering the phone, opening the mailbox or reading e-mails because you know there are at least two collectors waiting for you on the other end creates even more, well, dread.

Notion #5: Paying for–and using–a gym membership induces happiness.

It gets your endorphins endorphing, your clothes fitting looser and your mirror reflecting a more spunky you, yes? The trick here, of course, is the “using it” part. If you end up hitting the weights for only a few months and then fall off the proverbial treadmill, then by all means cancel your membership. Not spending on money on something is just as effective at bringing you joy as paying for something does.

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Notion #6: Healthy equals happy.

While running up your Visa to buy six pairs of shoes in every color may bring temporary happiness, opening the credit card statement will not.  When you guiltlessly spend your hard-earned money on things like taking your family to see Cats, going on the vacation you’ve been putting off or buying a big screen TV for your Friday Night Movie Night with your kids (or even Monday Night Football with the guys), you can rest assured that’s money well spent. After all, smiles are free and there will be many of those that come from the memories you made from using money to create them.

There’s absolutely nothing wrong with allowing yourself to have a healthy relationship with spending money. Perhaps it’s time to let go of other people’s limiting thoughts and “wisdom” and start living in a way that brings happiness to you and everyone around you. Remember, it’s the love of money that steals your joy–not necessarily the use of it.

So to the person who said “money can’t buy happiness,” I say “Oh really?!”

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Published on July 4, 2018

Top 10 Recommendations on Money Management Apps

Top 10 Recommendations on Money Management Apps

Don’t want to overspend your budget, swipe your credit card too many times, and feel like a financial mess? Instead of beating yourself up for the bad financial decisions you’ve ever made, create a new plan!

The solution is simple, save more and spend less. But, we all know it’s easier said than done.

One problem is finding quality apps that save you time and money, and aren’t just hype.

Luckily, there’re many great money management apps available at your fingertips. Here are 10 reliable money management apps that can help you save money, and crush debt.

1. Personal Capital

    When was the last time you’ve tracked your net worth? Probably months ago or maybe never. Personal Capital allows you to easily track your net worth and plan for retirement.

    Here are some of its main features:

    • Sync many investment accounts, and expenses (mortgage, credit cards, etc.) in one place
    • Discover hidden fees and how much they’re affecting your retirement plan
    • Wealth management for investors requiring a long-term strategy

    With Personal you’re free to track your expenses and net worth.

    Available for: iOS and Android

    2. Mint

      If your smartphone could only install a few apps, Mint would be one of them. Why? Because Mint tracks all your balances and bills in one place.

      Here are some of its main features:

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      • Effortlessly track all your bills and balances in one dashboard
      • Categorized expenses to understand where you spend your money
      • Uncover hidden fees, and determine your investment style with sophisticated retirement tools.

      Feel at ease with managing your money by a reputable company that isn’t going anywhere.

      Available for: iOS and Android

      3. YNAB

        Everyone needs a budget, there’s no way around it. YNAB (You Need A Budget) is an easy to use app that will change the way you think about money. Their motto is to “give every dollar a job”, and you’ll quickly discover why.

        Here are some of its main features:

        • Easily sync all bank accounts in one place
        • Visually see your debt paying progress with eye-catching charts and notifications
        • Customized categories setting saving goals

        The best part about YNAB is the community that comes along with it. You can hop on the YNAB forum to receive support, listen to the YNAB Podcast or stay tuned for their weekly videos.

        Available for: iOS and Android

        4. Wealthfront

          Albert Einstein once said “compound interest is the eight wonder in the world”, and for a very good reason. The problem is, most people are scared or unwilling to learn the basics of investing. This is why Wealthfront is the perfect solution for the hands-off investors.

          Here are some of its main features:

          • Variety of investment account options including IRA, Roth IRA, and more
          • Your portfolio composed of 7 different asset classes
          • Automatically rebalanced portfolio
          • Daily tax loss harvesting

          Wealthfront is perfect for people requiring investment guidance, or prefer a hands-off solution.

          Available for: iOS and Android

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          5. Clarity Money

            If you’re staying on top of your budget but want to take your finances to the next level, Clarity Money can help you. Clarity Money helps you stay under budget and build a personalized savings plan.

            Here are some of its main features:

            • Easily cancel subscriptions with one click
            • Synchronize bank accounts fast
            • Transfer money effortlessly between different accounts

            Clarity Money isn’t an app that does it all. But, it does make transferring money and canceling subscriptions fast and efficient.

            Available for: iOS and Android

            6. Acorns

              What if there was a way to quickly gain confidence in investing your money, without too much risk? There is, and Acorns is your solution. With Acorns’s technology, you’re able to make investments as small as $5.

              Here are some of its main features:

              • Automatic contribution option
              • Customized portfolio tailored to your needs
              • Low management fees ranging from $1-$2 per month

              Stop wasting dollars on expensive coffee. Instead, invest them towards a brighter financial future.

              Available for: iOS and Android

              7. Albert

                Do you budget by only subtracting your expenses from your income? If so, how would you discover any overpayments or extra money you could save? This is where Albert shines, and it does it all free.

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                Here are some of its main features:

                • Receive notifications for overpayments, hidden fees, and low balances
                • An Automatic budget that’s built around your spending and income
                • Easily track debt and set new financial goals

                While Albert does offer a paid option, most of its core features are FREE. So, what better option to save?

                Available for: iOS

                8. Prism

                  Have you recently forgot to pay a bill because life got in the way? Prism automatically tracks your bills and syncs your bank accounts in one place.

                  Here are some of its main features:

                  • View all your account balances in one glance
                  • Bill due dates are automatically pulled and tracked
                  • Receive early reminders for upcoming bills

                  If your budget is on “fleek” but can’t seem to stay on top of your bills, Prism is your go-to app.

                  Available for: iOS, Android, Windows, Amazon

                  9. Mvelopes

                    Remember hearing about people using envelopes to budget their money? Well, Mvelopes is the new envelope system for this generation. Easily create monthly budgets and track your saving goals.

                    Here are some of its main features:

                    • Connect unlimited bank accounts
                    • Real-time budgeting with auto transaction syncing
                    • Low monthly $4 fee or $40 annual

                    Mvelopes can help you crush debt, save more, and help you stop overspending. With its low monthly fee, it’s worth a try.

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                    Available for: iOS and Android

                    10. Wallaby

                      Most people don’t have time to track their credit card’s changing rewards and interest rates. Because of this, you need help reaping the most of your credit card’s rewards. Wallaby is the app that will help you do just that.

                      Here are some of its main features:

                      • Automatic recommendations for the best credit card to use for each transaction
                      • A friendly user interface, displaying credit cards with their corresponding images
                      • Free to use

                      If you’re using the same credit card to make your purchases, you may be leaving money on the table. Give Wallaby a try if you’re ready to maximize your credit card’s rewards.

                      Available for: iOS and Android

                      Take control of your finances and experience financial freedom

                      Picture yourself staying on budget and saving more money than you’d ever imagined.

                      It took hard work and dedication but you’d finally learned how to manage your money. You have to start taking control of your spending and saving habits.

                      You now have a list of reliable apps that can help you build better money habits, what are you waiting for?

                      Featured photo credit: Pexels via pexels.com

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