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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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Last Updated on June 26, 2020

25 Easy Tips on How to Save Money Fast

25 Easy Tips on How to Save Money Fast

“How to save money fast?” This is the question asked by all of us not in the top 1% of rich people.

If you are looking for ways to drastically reduce your expenses immediately, first look at what you need to spend money on every week. And I mean really need.

You don’t really need to order in food. You don’t really need to buy expensive perfume.

Building from that, you can work out how your regular expenses can be reduced.

As for irregular expenses, they can also be deceptively costly in the long run. Once-off buys can also be tackled with some prudent planning and a little extra research.

And remember: a budgeted lifestyle does not mean a bad or boring one!

But first, understand what budget you can cut down on daily:

  • Regular expenses for the average adult (can be trimmed but not eliminated):
    • food
    • rent/mortgage
    • cell phone
    • insurance
    • socializing/entertainment
    • transportation
    • hygiene products
    • household bills
  • Irregular expenses for the average adult (can be eliminated or cut down a lot):
    • travel
    • clothing
    • medication (*depends)
    • grooming (hair, nails etc.)
    • gifts

Now, let’s dive right into the 25 ways to save money fast:

Save Money on Food

1. Bring a stock of food to the office/work

Instead of popping out for an overpriced salad and a smoothie, leave a set of basic utensils at the office as well as a stock of non-perishable goods such as tinned fruit, tuna, rice crackers and so on (try to avoid the junk food and this can turn into a pretty great diet!).

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Stocking up means you won’t forget or say “I didn’t have the time” when you rushed out to work in the morning.

2. Buy the store-brand version

Many basic foods, such as bread and milk, will taste exactly the same as their branded alternatives. Go for stuff with minimal additives and preservatives. Meat in a tube is probably insanely unhealthy!

3. Eat cheaper cuts of meat

Learn how to tenderize and flavour cheaper meat and fish, and save on the (typically) most expensive item on your grocery bill.

4. Have group dinners

If 10 friends put $5 each in the kitty, it’s pretty easy to make a giant lasagne and get refreshments, as well as hang out with your favourite people.

Save Money in Transport

5. Get a bicycle

Save on gas money and bus/metro fares with this underrated mode of transport.

6. Use public transport and/or don’t get taxis

Some places can only be reached by car. But as a good practise, check your public transport website and see if any routes pass nearby where you need to get to. Walk as much as you can.

7. Find the cheapest gas

Regularly check out where the cheapest gas can be bought.

Save Money in General Shopping

8. Shop online

Not only will you save on the gas or transport fares from going to the shopping mall but you will also find better deals

9. Sell your old stuff

Get your unwanted belongings up on eBay ASAP and earn a few dollars.

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Here’re more ideas for you: 25 Things to Sell to Make a Lot of Money

10. Bulk buying stores

For regular non-perishable/slow perishable purchases such as toilet paper, cat food, pasta, washing powder and so on, do an epic stocking-up trip to a co-op or equivalent (my mum used to go to a place that restaurants buy from).

Be wary of supermarket “deals”, as some have been found to be fraudulent after working out a simple calculation.

11. Become a flea market/car boot sale/street market guru

You can find original gifts and develop good negotiation skills at these places.

12. Generic brand medication

More often than not, the generic version of paracetamol and other basics work the same as the branded version.

13. Choose deodorant, not perfume

It blows my mind when someone drops $70 on a bottle of spray. Stick with a nice deodorant, and not only will you smell just fine but you’ll be sweat-free as well!

Cut Down on Household Expenses

14. Printing

Ink is one of the most expensive substances in the office and coloured ink is doubly so. B

e more efficient and choose black and white, and if your printer doesn’t have a print-both-sides options, just print odd pages first, re-insert the paper and print even pages.

Expand the margins of what you are printing as often as you can to save on paper.

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15. Minimize SMS and phone calls

A combination of a free chat service such as WhatsApp and a free call service such as Skype can reduce your bill to nothing (so long as you have a decent Wifi connection).

16. Shop around for insurance

Most people don’t spend enough time searching for the best insurance deal.

Keep a watchful eye out for deals and new competitors in the market.

17. Try re-negotiating your rent/mortgage

If you have built up a good credit history or a good rapport with your landlord, then chances are a frank chat about needing to tighten your spending could result in lowering your payments. You’ve nothing to lose from trying.

18. Don’t get a TV

Invest in a computer/laptop and an internet-only package. You can watch more (and often better) entertainment on the web, and skip the advertisements as well.

19. Pool your internet bill with a neighbour

My apartment building is basically a big old house split into three apartments. There are five of us in total. We pool the internet bill, making it crazy cheap.

Save Money in Socializing, Entertainment And Travel

20. Have house parties

Instead of paying for overpriced drinks, set up a series of in-house get-togethers with your friends. Everyone takes a turn, so it’s not always your house that needs cleaning.

For sound insulation, hang heavy drapes on the walls and windows. For music, invest in a good second-hand set of speakers which you can connect to your computer. Let Spotify or Grooveshark playlists do the rest.

21. Open festivals, meetups and events

It never fails to surprise me how much underground stuff goes on around me for free or for very cheap. Find out who runs the blogs and websites that list all the less well-known cultural activities.

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22. Volunteer

If you can’t pay for a ticket, volunteer and get to be there anyway.

23. Housesit

There are multiple housesitting websites offering you the possibility to avoid paying hotels and skip the discomfort of crummy hostels.

Save Money on Hygiene and Beauty

24. DIY beauty

French manicures, pedicures, waxing, eyebrows… pretty much all of these can be achieved at home (and done well) with some practise. There are plenty excellent blogs and YouTube tutorials to help.

25. Fewer haircuts/volunteer at a trainee hairdresser

If you can’t bear the risk of a trainee touching your locks, learn more ways to manipulate your hair as it grows and get haircuts sparingly. Women’s haircuts are outrageously priced in many cities.

Bonus: Effective Money-Saving Tips for Everything

Here’s a summary of what you can generally do to save more money:

  • Share/pool resources. Organize a neighbourhood sharing scheme, common resources for your apartment block or with your friends. Not everybody needs an individual lawnmower.
  • Buy energy-saving everything. The easiest way to lower your bills – replace those lightbulbs!
  • Buy in bulk. Be sensible about it (i.e. make sure you have space!), and drastically reduce weekly expenditure.
  • DIY. Skill up using YouTube tutorials on plumbing and many other essential services so you never have to pay for simple problems again.
  • Research a lot before making a decision. Most money-wasting is the result of poor preparation and planning. Don’t shirk this part just because you don’t like it!
  • Use your network. Your network is full of resources that can ease the pain of budgeting. Ask for help.
  • Stop and think. Do I really need it?

Unfortunately, there are some things that require plain ol’ giving up for the time being. This can include high-cost sports such as skiing, the latest versions of some technologies, the finest brands of food/drinks, premier seats at the opera and most other indulgences.

What is important to remember during lean times is that when you look back on your life, it will be the experiences that stand out, not the extra comforts.

Living on a budget can teach you a lot about how much you can really get out of your paycheck. We only live one life, so make the most of every penny you earn!

More Tips for Personal Finance Management

Featured photo credit: Unsplash via unsplash.com

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