How much are you worth?

value

What is the value of your life? If you sold a day to another person, how much would they pay you in return?

Obviously you cannot put a price on a life. Even a single day is priceless. But every time we buy that new thing–the newest gadget we just “need” to own, that pair of shoes we’ll wear once, the kitchen appliance that (according to the label) will change the way we eat–we put a price tag on our time.

How much time do we spend in a year shopping for things we don’t really need and perhaps barely even want? How many minutes tick away as we diligently research reviews on the web and hunt for the best deal? How many hours have we spent window shopping? We often do not have a specific item in mind, just a strong want to fill an imagined void. Collecting more junk to fill a void is like drinking saltwater to quench your thirst. All it does is make the hole a little bigger.

The only currency we need to spend is time. Every day is worth 86,400 seconds that we can never be given back. Whatever void we might contain can only be filled by spending more of our time living, and less of it spending.

photo credit: epSos.de (cc)

How much are you worth?

Can money buy happiness?

AsapSCIENCE asks this:

“We often hear it, but how true is the phrase ‘Money can’t buy happiness’? Is there a correlation between the two, and if so, what can we learn from it?”

You can watch the video to see what their answer is:

In my life I find it most accurate not to say money can buy my happiness, but having money makes it simpler to be happy. I am sure this is true for many people. Even if you are a generally lighthearted and happy person, debt and financial insecurity can create background stress and distraction. I know from experience the buzzing at the back of the brain that comes when financial issues arise. Especially when those issues cannot be resolved quickly.

Here are a few tips that I found especially helpful in my money management endeavors:

– If you don’t already have one, create a budget. Plan your spending months in advance, not days or weeks.

– Set aside money in your budget to have fun with (a “Play Budget”). For some people this might not be possible, but it can make a huge difference when trying to stick with your budget. It does not need to be a large amount.

– When you do spend from your “Play Budget,” buy experiences, not stuff.

– Set attainable financial goals and stick to a plan once you have one. There is no sense in creating impossible objectives. Not reaching the targets you shoot for can be more stressful and discouraging than just lowering the bar.

– If you have never budgeted before ask for help. My fiancé was and continues to be a valuable resource in this area.

Debt aside, the amount of money you need to be happy depends on your living situation and only you can decide what that number is.

Can money buy happiness?