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Don't Splurge...Be Happy!

Authored By: Genisys Credit Union on 9/20/2017

Woman in supermarket with shopping listHave you fallen into the trap of thinking that money is the key to happiness?  Maybe it’s time to take a step back and look at life differently.

Deep inside, we all know that money cannot buy happiness. Yet, when we’re feeling a little down, many of us tend to self-administer a little “retail therapy,” leading to overspending and more debt than our income can support.

Here’s a different concept to consider – living frugally may make you happier than living lavishly.

Keep reading.  We’re not talking about total self-deprivation.

Living frugally isn’t necessarily about pinching pennies and denying yourself things you want. It is about relieving the stress of worrying about money.  It can also be about achieving a goal that will make you happier.

What goals would provide satisfaction from deciding to lead a more frugal lifestyle?  Without a reason to change your spending habits and a goal to work toward, it’s easy to fall back into old habits.

There are several great things you can accomplish by limiting your spending today.  Maybe you’d like to retire early.  Perhaps you want to travel more or buy your dream home.  You may want to work less and spend more time with your family.

Whatever reason you have for changing your spending habits, write it down and keep it somewhere that provides a constant reminder. Once you’ve started your new lifestyle, you may be pleasantly surprised at your newfound happiness.


Here are some benefits of living the frugal life that can provide more immediate happiness.  

So maybe living the frugal lifestyle isn’t sounding all that bad?  Here are some ways to get started.

Give frugal living a try! You have nothing to lose but expenses, and you will probably gain some unexpected happiness along the way.


© Genisys Credit Union and 
www.genisyscu.org, 2017. Unauthorized use and/or duplication of this material without express and written permission from this site’s author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Genisys Credit Union and www.genisyscu.org with appropriate and specific direction to the original content.


SOURCES:
http://www.wisebread.com/how-living-on-a-tight-budget-makes-you-happier
https://www.thebalance.com/frugal-living-4074014
https://toughnickel.com/frugal-living/101-Frugal-Living-Tips-You-Need-to-Know
https://www.thepennyhoarder.com/life/frugal-living-rich-life/
https://www.thebalance.com/lower-your-electric-bill-1388743

 



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