Frugal dilemmas: happiness that money can buy
It isn't what you think.
Most people might assume that new cars, pretty clothes or a fancy house with all the trimmings could make them feel satisfied with life.
However, researchers have found that giving to charity, buying things for others and investing in experiences like vacations or performances makes people happier than any of these trinkets, according to an article in the Boston Globe's Ideas section.
Even giving a small amount, such as $5, could make a significant impact in a person's outlook, the researchers said.
Another point: investing in vacations and dinners with friends leads to fonder memories down the road, perhaps because these indulgences let us enjoy time with others and because recollections of any unpleasant aspects of a trip --- missed flights, etc. --- seem to fade with time.
On the flip side, the Globe article also discussed how being focused on money can also less likely to invest in activities with other people.
These findings leave me with a lot of questions ...
For me, the challenge has always been to find a happy balance between planning for future needs as well as enjoying the moment. I often worry about using up resources I might need later.
Plus, it's a huge problem if worry about money leads us to socialize less, especially in this economy with so many people worried about cash flow and struggling with financial setbacks of all sorts. Seems like now is just when we need it the most.
I'm also wondering whether we can find as much satisfaction from a potluck or game night or volunteering for a charity as we would in picking up a friend's check for dinner or drinks, or writing a check to a nonprofit. Certainly, time is just as limited a resource as money ... and therefore requires sacrifice, as well.
In the market for some low-cost options for socialization? Many branches of the Enoch Pratt Free Library offer game events involving low-tech classics such as chess and even video game options like the Wii for kids and adults. Search the Enoch Pratt Free Library calendar for more details about a Game Night at a branch near you.
Categories: Budgeting, Cheap/Frugal, Food, Shopping
