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Find what makes you happy and improve your relationship with money

Tips to become happy by budgeting

In order to allow your budgeting to power your daily happiness:

  • reconnect with your inner child, in order to fulfill that long-desired dream
  • spend your money with a well-defined purpose
  • find your strengths and explore them
  • learn how to cherish your time, when compared to money: if spending money allows you to gain time, this might just be the right thing for your happiness.

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Find what makes you happy and improve your relationship with money

Find what makes you happy and improve your relationship with money

https://thinksaveretire.com/budget-happiness/

thinksaveretire.com

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Key Ideas

Enjoy budgeting

Learning how to enjoy budgeting could actually enable you to be happier on a daily basis.

One simple way to start doing this is by financing one of your childhood dreams: just go ahead pick one and allow yourself to feel accomplished again.

Tips to become happy by budgeting

In order to allow your budgeting to power your daily happiness:

  • reconnect with your inner child, in order to fulfill that long-desired dream
  • spend your money with a well-defined purpose
  • find your strengths and explore them
  • learn how to cherish your time, when compared to money: if spending money allows you to gain time, this might just be the right thing for your happiness.

Allow your budget to make you happier

In order to create a connection between the way you spend your money and the things that make you happy, you must first be able to name those things.

So go ahead, prepare your list and start investing in what really makes your heart beat faster.

SIMILAR ARTICLES & IDEAS:

Typical Budgeting is Flawed

Typical regular budgeting methods assume that just by allotting limited money to a particular expense type (like groceries) is enough for us to spend less and balance our budget instantly.

Th...

The Reverse Budget

A Reverse Budget looks at your current lifestyle and makes slow improvements over time until things are sufficiently better.

We look at how much we are spending eating out, commuting and daily indulgences and see the past quarter trends using your credit card and bank account spending.

The Two Approaches using Trends

When you look at our past spending patterns and trends, you can select one or two categories to focus and use one of these two approaches:

  1. Tackle the high-dollar impact areas like housing, fuel, food, or healthcare, and see if those can be cut down to some extent.
  2. Focus first on your 'disposable money' expenses like eating out, and entertainment and curbing those, gradually.

one more idea

Kakeibo

Kakeibo

Kakeibo translates as "household financial ledger" and is a simple approach to managing your finances.

For the past 116 years, kakeibo has been effective in helping people make smarter fin...

Your relationship with money

The idea behind kakeibo is to help you understand the relationship with money by keeping a ledger with all incoming and outgoing transactions.

The difference from other budgeting systems is that kakeibo emphasizes the importance of physically writing things down as a way to observe your spending habits.

Reduce impulse buying

Before purchasing non-essential items ask yourself:
  • Can I live without this item?
  • Based on my financial situation, can I afford it?
  • Will I actually use it? Do I have space for it?
  • How did I come across it in the first place? (Did I come across it after wandering into a gift shop out of boredom?)
  • What is my emotional state in general today? (Calm? Stressed?)
  • How do I feel about buying it? (Happy? Excited? Indifferent?)
  • How long will this feeling last?

one more idea

When budgeting comes in handy

  • You have no idea where your money is going.
  • You’re chronically overspending.
  • You’re not saving any money.
  • You struggle to afford the things you really want.
  • You...