Giving To Others Makes Us Happy

According to this study, “students between the ages of 16 and 18, who described themselves as happier, ended up with incomes 10% higher than the average of study participants.”  Just a simple mindset shift could lead to a higher income and a happier lifestyle.

Psychological Science declares, “Gratitude Helps Us Reach Financial Goals.” Research shows that people tend to favor short term gratification, versus the long term value of future rewards.

However, this study finds that feelings of “thankfulness” trigger us to be more patient and have a willingness to save more money. The study also found that when people are feeling grateful, we tend to behave in ways that benefit other people.

The gratitude study showed that gratitude led naturally, to the result of making better financial choices.

How can you apply this to your finances?  A great place to start would be to call GreenPath. We can offer a free financial counseling session and go over your options. We can also help you create a budget or financial plan that will help you get to your goals.

Today, devote five minutes to write about something that makes you feel happy or grateful. You could also draw out a picture of what you’re grateful for.  Think about those things that your thankful for before you make a purchase or plan out your monthly spending.