How to spend your money wisely to be happy

Avoid getting into these situations and set financial goals and ambitions without letting your self-worth be based on impressing people.

How to spend your money wisely to be happy

Saving and investing your money for the future is one of the most practical things you can do. This is solid advice, but when you do decide to spend your hard earned money it should be spent on something practical, useful, and meaningful to the wellbeing of your existence.

So many people either save their money or blow it on worthless crap.

How to spend your money wisely to be happy

Here are 11 practical ways to spend your money on something useful: As time quickly passes, we sometimes forget how essential strong personal relationships are to our mental wellbeing.

The older we get the more we need true friends and family to be regular parts of our lives. Hire a Personal Trainer — Your health is your life. Without it, all the success and affluence in the world is meaningless. Committing yourself to a regular exercise routine is one of the best ways to maintain the health of your body and mind.

Spending money on a knowledgeable personal trainer who can set you on the right course creates priceless results. Make sure you stick with the trainer until you are committed to exercising on your own.

Fix What Is Broken — Have you been ignoring your screeching brakes? What about the excessively loud hum from your AC compressor? Or the scratching noise coming from your computer system? Sooner or later these small annoyances will wear down the reliability of the product and you will be left with a completely broken product instead of just a halfway broken one.

Use your money wisely to fix and maintain your belongings. Educate Yourself — Use your money to purchase educational courses or books pertaining to your career, or to a miscellaneous topic that interests and intrigues you. Remember, knowledge is power and your brain is the container of that knowledge.

There are few options for spending money on something more practical than the development and facility of your brain. Add Value to Your Home — Your home should be your sanctuary, the place on this planet where you feel the most comfortable. Adding value to your homebe it personal value or increased monetary value, is always a practical choice for spending your money.

If the additions you make increase your level of comfort for years to come, you win. If they increase the value of the home to a third party someday when you sell, you win. If both occur, you win big. Take a Healthy, Relaxing Vacation — A vacation revitalizes your mind by pulling you away from the daily stress factors in your life.

It can spark creative thought by stimulating your brain with new material. And finally, a vacation allows you to be yourself without the external influences present in your typical surroundings.The good news is that this means that money can add to your happiness if you spend it wisely.

Research by Elizabeth Dunn, at the University of British Columbia, for instance, shows that spending money—even small amounts—on other people can produce more happiness than a . I know, I know.

Saving and investing your money for the future is one of the most practical things you can do. This is solid advice, but when you do decide to spend your hard earned money it should be spent on something practical, useful, and meaningful to the wellbeing of your existence.

I agree with MMM. This is all very possible. My W-2 income so far this year, before taxes, is about $16K. But because of saving and income from investments of those savings, I . Jul 23,  · So, I offer you this lesson from my father-in-law, Walter, if you are wondering how you can spend your money wisely—and keep it out of Uncle Sam’s hands—spend it on experiences.

Aug 09,  · How to Manage Your Money Wisely.

3 Ways to Use Money Wisely - wikiHow

In this Article: Budgeting Your Money Spending Smartly Saving for the Future Community Q&A Managing your money can seem like an impossible task, but that is only because you haven't taken the time to start managing it.

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THINGS TO NEVER SPEND MONEY ON – Happy Economics