It can be easy to forget that money does not buy happiness. But research indicates that it may be even worse than we thought. A New York Times article state: “not only does having more things prove to be unfulfilling, but people for whom affluence is a priority in life tend to experience an unusual degree of anxiety and depression as well as a lower overall level of well-being.” Instead, pursue goals that reflect genuine human need like connecting with others. In place of extrinsic material goal, try focusing on developing better relationships and becoming a better human being. The bonus is, as you fulfill your emotional needs, your need to spend will decrease.
One way to break a spending habit is to go on a money diet. For 30 days, stop spending. Make no purchases other than essentials: toilet paper, toothpaste, groceries and so on. During the 30-day period make a list of things you’d like to buy, but DO NOT buy anything.
Once you have broken the spending habit, you will discover the joy of saving.
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