How Much Money Do You Really Need?

How much money do you need to earn to be happy? $50,000, $100,000, $200,000?  A recent study found that “happiness,” or satisfaction with life tops out with a $75,000 annual income.  That means that anything over that amount does not bring additional satisfaction.  Interesting, huh?  Because think about it, a lot of people would use the extra money above $75,000 to buy more things to make them “happier”—a nicer house, a nicer car, better clothes for the kids.  But guess what—the study found that spending money on experiences (a walk in the park, a family vacation, seeing a play) and on others actually brings more satisfaction.  It confirms what lots of us know, there are only 3 Things That Really Matter in Life.

Of course, if you’re spending more than you make, no matter your income, you’re adding a whole new level of stress.  So try to take the First Step in Dealing With Your Debt Today.  If you and your husband don’t see eye to eye on money, try these 4 Steps to Financial Harmony.