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Five Financial Habits That Will Make You Happy

I for one wasn’t surprised with the new happiness finding from the Woodrow Wilson school at Princeton University.

I for one, wasn’t surprised with the new happiness from the Woodrow Wilson school at Princeton University. It basically confirmed what I found in a study conducted five years ago. The study reports that happiness rises as household income goes up to about $75,000 my number was a somewhat lower $60,000 but beyond that many money won’t make you happier at least not day today.

What will make you happy? Having more control over whatever money you have. That was one of the most important findings out of my study. And since it didn’t seem to be repeated in last week’s headlines. I though I’d do so here; you see there are some very specific financial habits that if you can adopt them will make a significant difference in how happy you feel about your overall financial life.

You don’t have to take on every single one-year one or two can make a significant difference.

  1. Get pretty organized: Don’t raise your eyebrows at me I am saying that you have to hire a professional organizer. Or spend at minute at the container store. You just have to come up with some sort of filing system that you understand so that if you have to put your fingers on an important piece of paper, you can do it quickly and without hassle. That’s the key people who say they are pretty organized and can find and those who can’t why? Saves time. Save you money also save you headaches.

  2. Pay your bills as they come in rather than all at once: The research shows very strongly that people who do this are happier why? Sitting down to pay the dozen of bills all at once is pure drudgery. Even if you do it online it catch up a chunk of time that would rather spend doing just about anything else. More over watching that large lump some of money fly out can be an emotional drain. Do it in bits and pieces however and its far less overwhelming in terms of time and your bottom line. The other benefit to paying bills as they come in is that it allows you to adjust through the month. If you get a cell phone bill that’s higher than anticipated you’ll compensate by changing a little less on your credit card.

  3. Save five percent: There is a strong line between saving anything and financial happiness but if you save five percent your happiness jumps so how do you best save five percent by removing it from your spending etc checking account before you spend it. Automatically have it pulled out of your paycheck or transferred out of checking and into savings and then tell yourself “hands off” on and once you save five percent with ease try to get yourself eventually to save ten.

  4. Set and work towards a goal: Attaining happiness is not a matter of having achieved your goals its a matter of making progress I’m at the camp that enjoys the process more than the achievement. Get an endorphin rush from getting closer and closer to the finish line and I feel a little let down when I actually get there. So I try to make sure I have one or two financial benchmarks to hit at all times. But the bottom line of our research is encouraging you don’t have to hit your marks to be happy you just have to see results.

  5. Give Back: There’s nothing like making someone else life a little better to boost your own financial happiness. People who give are not only happier they’re healthier. They sleep more and exercise more and that put’s them in a better frame of mind. People who know how to give are also to remind themselves that wanting more doesn’t breed environment. It just breeds more wanting. Why? Because your happiness doesn’t hinge on how much you have your happiness hinges on how you handle it.

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