The definition of happiness is a bit vague, but it generally includes positive emotions like joy and satisfaction. Other aspects include finding meaning in unavoidable suffering and cultivating virtues like wisdom, courage, and love.
This focus on happiness is a relatively new development in psychology. For decades, the discipline focused on pathology and the worst-scenario cases of human suffering.
Save Money
Research shows that people feel happier when they spend money on experiences compared to material goods. So, instead of buying a sweater or a new car to make you happy, save the cash and go on a hike, take a friend out to dinner or give a donation to charity.
Investing in hobbies also brings happiness. Hobbies aren’t just a fun way to pass the time, they can increase your life satisfaction and help you develop a sense of purpose.
Finally, saving and investing wisely protects your purchasing power from inflation. For instance, a basket of goods that cost $100 in 2000 would cost around $151 today. So, if you’re looking for ways to improve your happiness, consider setting aside some of your paycheck for a diversified investment account like Betterment or an emergency fund at your bank or credit union. Those smart savings could add up to real happiness in the future! GEICO can help you get on the right financial track.