How to Buy Happiness – EP 220

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We’ve all heard it repeatedly: Money can’t buy you happiness. This is something that has consoled all of us when we’re short on budget. But what if we tell you that money can indeed buy you happiness? We share stories wherein money has brought us joy and memorable experiences no one can ever take away from us. Sit back as we change your perspective on money and happiness in a positive yet practical way.

Frugality is just about widening the gap between what you spend and what you earn.

#FrugalFriendsNote

Sponsors:

  • A $25 rebate on Miller Lite. Katie from our Frugal Friends Community on Facebook recently shared that while binge-listening to the podcast she came to our episode on Roth IRAs and heard our lightning round which was our funny stories about IRAs. So she shared hers and it was that she opened her first Roth with a $25 rebate she got back from a Miller lite beer purchase. Further hitting home our belief that you can start investing with any amount of money from almost anywhere. The $25 Miller Lite rebate, we just want to know how much beer you bought Katie.

The Five Principles Of Happy Money

We could all use a little more money and a little more happiness. This is how you can get the most happiness from spending, according to Forbes.

What Jen + Jill have to say:

Jen and Jill talk about the five principles and the research that support them: buy experiences, make it a treat, buy time, pay now, consume later, and invest in others

Money Really Can Buy Happiness If You Spend It These 4 Ways, According to Science

Before you give up on money as a source of pleasure, you should know that there are some times when scientific research shows money truly can buy happiness. Inc. listed the 4 ways and it has nothing to do with making wise investments.

What Jen + Jill have to say:

Jen and Jill discuss the following tips: spending money on extra time, spending it on a great experience, spending the money with someone you care about (spend it within your means!), and spending on someone else as it’s better to give than to receive.

One change you’ve made to spend happier and one change you’re going to make

Jill wants to give more gifts to others. This is something she refuses to feel guilty about and know it’s money well spent and places value on others. Jill also talks about ordering out/higher food budget – grace on herself in this area and recognizing her season of life AND that this is where she enjoys spending.

Jen talks about daycare and how she had to relinquish guilt that she could do it all and spend money to make her happier. She would also increase giving as she wants to give to more organizations doing work she thinks is necessary but needs more so she wants to give to more people in her community. Jen believes that we need to feel connected right now and she may not have a big income compared to some people but it’s big compared to others so she wants to use what she has been blessed with to encourage others.

Bill of The Week

Thanks Olivia for sharing about your $2 bill that you used to FILL UP the gas tank on your scooter!

Thanks so Much for Listening!

Thanks so much for listening! Many of you know we have a private community where we do monthly money challenges and offer accountability groups. We want to congratulate one of our members for a big win:

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I am so thankful for this group.
The last two months have been challenging, but the lessons I've learned and the changes I've made since starting to listen to the podcast (and joining FFC) provided firm support to navigate the challenges.

Most powerful mindset shift: Setbacks and mistakes are not only "okay," they're inevitable. With a newly adopted growth mindset, they are actually opportunities to continue to learn and grow. We were prepared for the challenges, thanks to sinking funds and a health savings account (both tools I learned about through the podcast and the FFM). We've had to pause our debt payoff plans for a little while, but I know this is a season which will pass.

And the concept of finding and creating my own path - WOW. Instead of being dismayed and/or feeling guilty and afraid when I look at our financial situation, I am confident that I can put together a plan that works for me. I am equally confident that I can tweak that plan or even pivot when the need arises.

Debbie

Congrats Debbie! Thanks for listening and if you want to check out our monthly challenge community head to frugalfriendspodcast.com/club to see what challenge we have coming up next.

Keep leaving us reviews on iTunes or Stitcher, and sending the screenshot to reviews@frugalfriendspodcast.com AND share our most recent episode on social for a chance to win $50 to spend in the Frugal Friends Shop! And don’t forget to share your favorite quote from the episode by using the hashtag #FrugalFriendsNote. 😉

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