Money Matters

Does money make you happy or does it simply make life easier?

By September 10, 2018 No Comments

 

Money can’t buy happiness… but not having any money sure as hell can make you unhappy! As we go through life, we often find that happiness becomes elusive. It’s something to aspire to. Something to chase. If you’re on a student budget, you’ve probably realised that money is equally elusive! And when you’re broke, yes – you don’t feel too happy. So, the question is, money or happiness?

Breaking the link between money and happiness

Here’s the thing. Money and happiness aren’t intrinsically linked. If you’re not happy with your life, no amount of money can change that. You have to learn to find happiness within yourself. On the other hand, financial strain can be very stressful.

Money ensures that you can eat, have a roof over your head, pay your cell phone bill and treat yourself to something nice once in a while. It makes life easier. So it’s important to find a balance between making money, and creating a life for yourself, filled with happiness.

Follow the money or follow your passion?

You’re at a critical stage right now, studying towards a career. Deciding exactly what it is you will do with your life. It’s likely that how much money you can make one day is a deciding factor in your plans. And that’s OK. You may have taken on the odd student job to help with your student finances and digz, but it’s vital to realise that budgeting as a fully-fledged adult in the big wide world is a whole lot more complex and difficult.

Don’t forget about your passion though. A future that combines financial stability with what you’re good at and what you love to do will give you the greatest chance of living a happy and fulfilled life.

The benefits of combining money and happiness in your work

• You get paid to do what you love.
• Work feels more like an enjoyable hobby.
• Challenges are easier to overcome.
• You are more driven to succeed.
• You are happier and therefore physically healthier.
• A positive attitude influences your work, yourself and others around you.

It is absolutely possible to combine financial success with doing what you love. However, it is important to separate work and life… and not become a total workaholic! And no matter what your chosen career, you still need to have a little financial savvy.

Tips for a stress-free and successful future

  • Save a portion of your income every month. The recommended amount is 10%. This will give you some breathing space if you ever encounter a financial emergency.
  • Set financial and career goals for yourself. Knowing what you want to achieve keeps you focused and driven.
  • Make plans. A goal without a plan is just a dream. When you have a plan, your goals are more attainable.
  • Keep your eye on the prize. Even when the going gets tough, remind yourself that following your passions will create a life filled with both happiness and financial success.

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